VANCOUVER, British Columbia (AP) _ Maverix Metals Inc. (MMX) on Friday reported first-quarter earnings of $3.5 million.

The Vancouver, British Columbia-based company said it had profit of 2 cents per share. Earnings, adjusted for non-recurring costs, came to 4 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.

The precious metals royalty and streaming company posted revenue of $14.7 million in the period.

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