Gold Fields sells down stake in Maverix Metals

Gold miner Gold Fields, through its Gold Fields Netherlands Services (GF Netherlands) subsidiary, has sold down its stake in Vancouver-based precious metals royalty and streaming company Maverix Metals to 11.65%, the company reported on Tuesday.

The sale was made on May 31 in a private transaction of 5.35-million shares at C$4.20 a share, for a total cash consideration of C$22.47-million.