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Metalla Royalty & Streaming Ltd. (NYSE American: MTA, TSXV: MTA) is a premier precious metals royalty and streaming company, aimed at providing shareholders with leveraged exposure to gold, silver, and copper. Metalla achieves this by acquiring royalties and streams with attractive returns, thereby creating a diversified portfolio of valuable assets. The company's strategic focus is on high-quality and cash-generating assets located in low-risk jurisdictions, managed by experienced operators.
Metalla's portfolio includes significant interests in various key projects. Among them is the Côté Gold Project and its adjacent Gosselin deposit, where Metalla holds a 1.35% Net Smelter Return (NSR) royalty. Notably, IAMGOLD Corporation reported promising resource estimates for the Gosselin deposit, totaling 4.4 million ounces of Indicated gold and 3.0 million ounces of Inferred gold. This marks a substantial increase, positioning Gosselin as a potential tier-1 asset within Metalla's portfolio.
The company has been making strategic acquisitions and forming partnerships to expand its reach and strengthen its operational base. Recently, Metalla completed a landmark merger with Nova Royalty Corp., creating one of the most robust royalty portfolios in the precious metals sector. This merger has significantly bolstered Metalla's position in the market, adding 23 new royalties focused on high-potential copper assets.
Metalla's financial condition is underpinned by strong operational results. For the year ended December 31, 2023, the company delivered just under 4,000 attributable gold equivalent ounces (GEOs), exceeding its guidance by 14%. The integration of Nova Royalty's assets and strategic partnership with Beedie Investments Ltd. have further enhanced Metalla's financial stability, setting the stage for continued growth in 2024 and beyond.
Notable projects include the Tocantinzinho project, expected to commence commercial production in the second half of 2024, and the Amalgamated Kirkland project, slated for production in late 2024. Additionally, Metalla holds significant stakes in the Endeavor mine, La Encantada mine, and the Fifteen Mile Stream project, each contributing valuable cash flows and growth potential to the company's portfolio.
Metalla is dedicated to enhancing shareholder value through disciplined asset acquisition, leveraging its strong foundation of cash-generating assets and the expertise of its experienced management team. The company's strategic focus on high-quality, low-risk jurisdictions ensures a sustainable and profitable path forward in the evolving commodities cycle.
Metalla Royalty & Streaming (TSXV: MTA) (NYSE American: MTA) has appointed Chris Beer as an independent director to its board, effective immediately. Beer brings over 35 years of experience in mining finance and exploration, including 24 years as Managing Director and Senior Portfolio Manager at RBC Global Asset Management.
Beer has agreed to purchase 40,000 shares of Metalla in the market. Additionally, the company has granted him 40,000 restricted share units (RSUs), which will vest in two equal annual installments. Each vested RSU entitles the holder to receive one common share of the company.
Metalla Royalty & Streaming reported its Q3 2024 financial results, receiving 648 Gold Equivalent Ounces (GEOs) at an average price of $2,481 and cost of $9 per GEO. The company recognized revenue of $1.6 million, with a net loss of $1.2 million and Adjusted EBITDA of $0.9 million. Key highlights include commercial production achievement at Tocantinzinho with 76% of nameplate throughput and first shipments of silver and gold concentrates from La Guitarra. The company expects Amalgamated Kirkland and Endeavor to begin production in Q4 2024 and H1 2025, respectively, accelerating GEO growth through 2025.
Metalla Royalty & Streaming (NYSE American: MTA) (TSXV: MTA) reports portfolio updates for several projects:
Gosselin (1.35% NSR): Drilling has extended mineralization outside the current resource pit shell, including potential connection between Côté and Gosselin deposits.
Endeavor (4.0% NSR): $20M funding secured for mine restart, with production expected in H1-2025. Recent drilling shows potential for increased ore extraction rates.
La Guitarra (2.0% NSR): Mining ramp-up continues, with commercial production expected before year-end. Current throughput averages 350 tonnes per day.
Joaquin (2.0% NSR): New operator plans comprehensive exploration program to boost resource estimate and publish maiden JORC (2012) MRE in H1-2025.
Metalla Royalty & Streaming (TSXV: MTA, NYSE American: MTA) announced its Q2 2024 financial results. Key highlights include achieving first production at Tocantinzinho and La Guitarra, and commercial production at Côté. For the quarter, Metalla received or accrued payments on 401 GEOs at $2,332 average price, with a cash cost of $17 per GEO, generating $2.3 million in revenue. However, the company reported a net loss of $1.5 million and Adjusted EBITDA of $0.2 million. Notable asset updates include increased ore processing at La Encantada, gold production at El Realito, and continued development at AK deposit.
Metalla also introduced an asset handbook and announced new President Jason Cho, who invested $1 million in equity. Beedie Investments converted $1.5 million of interest into shares. The company's minimum share ownership policy aligns leadership's financial interests with shareholders. CEO Brett Heath highlighted these milestones as catalysts for growth in the latter half of 2024.
Metalla Royalty & Streaming (NYSE American: MTA) (TSXV: MTA) has appointed Jason Cho as President, effective immediately. CEO Brett Heath praised Cho's 25 years of mining sector expertise, highlighting his capital markets, technical, finance, and strategic skills. Cho's appointment is expected to contribute to Metalla's growth and shareholder value creation.
Jason Cho expressed enthusiasm about joining Metalla, emphasizing the company's goal of becoming a leading royalty company and realizing value from its high-quality asset portfolio. Cho's strong industry relationships and commitment to shareholder value, reinforced by a significant personal equity investment, are seen as key assets for Metalla's future development.
Metalla Royalty & Streaming (NYSE American: MTA) (TSXV: MTA) has released its inaugural Asset Handbook, showcasing the company's portfolio of over 100 royalty and streaming assets in gold, silver, and copper. The handbook includes Mineral Reserve and Mineral Resource data, as well as an annual letter to shareholders.
CEO Brett Heath emphasized the company's strategic vision to build a leading royalty company by providing shareholders exposure to high-quality deposits while minimizing risk and maximizing optionality. The Asset Handbook highlights the quality and depth of Metalla's portfolio, along with its potential for material organic growth and value creation.
In under eight years, Metalla has built a diverse portfolio primarily located in top mining jurisdictions on Tier 1, long-life assets managed by major mining companies. The company's partners have added significant value through exploration and development, leading to new discoveries, reserve and resource additions, and mine life extensions at no additional cost to Metalla.
Metalla Royalty & Streaming announced the first gold pour at the Tocantinzinho (TZ) gold project in Pará, Brazil, where Metalla holds a 0.75% Gross Value Royalty (GVR). The project, developed by G Mining Ventures, is expected to become Brazil's third-largest primary gold mine with a 10.5-year mine life and an average annual gold production of 175,000 ounces. The first pour yielded 440 ounces of gold. TZ remains on budget and on schedule for commercial production in H2 2024. Metalla purchased the 0.75% GVR on TZ in March 2021 for $9 million. Proven and probable reserves are estimated at 2,042,000 ounces of gold. This project is projected to be a significant revenue contributor for Metalla.
Metalla Royalty & Streaming (TSXV: MTA) (NYSE American: MTA) has received approval for its final short form base shelf prospectus and a corresponding registration statement with the SEC. The approvals enable Metalla to offer up to C$300 million in common shares, warrants, subscription receipts, units, and share purchase contracts over a 25-month period.
Although the prospectus provides flexibility for future offerings, the company currently has no plans to issue securities. Offerings, if any, will be detailed in supplemental prospectuses based on market conditions. The company's past practice of maintaining a base shelf prospectus is part of its strategy to ensure financial flexibility.
Metalla Royalty & Streaming announced the results of its annual general meeting held on June 26, 2024. A total of 43,568,399 shares, representing 47.62% of the company's outstanding shares, were voted.
Key decisions include:
- Approval of the number of directors with 93.46% votes in favor.
- Re-election of directors, including Brett Heath with 94.86% approval, Lawrence Roulston with 92.06%, Alexander Molyneux with 94.38%, James Beeby with 96.70%, and Amanda Johnston with 96.55%.
- Appointment of auditors, with 99.10% approval.
- Approval of the share compensation plan with 93.06% votes in favor.
Metalla Royalty & Streaming (TSXV: MTA, NYSE American: MTA) reported its financial results for Q1 2024, ending March 31. The company received or accrued payments on 624 attributable Gold Equivalent Ounces (GEOs) and recognized $1.3 million in revenue from royalty and stream interests. Despite this, Metalla recorded a net loss of $1.7 million and adjusted EBITDA of $0.1 million. CEO Brett Heath emphasized ongoing integration post-Nova Royalty merger and future acquisition plans.
Significant asset updates include production and exploration activities at La Encantada, El Realito, Wharf, Aranzazu, and other key projects. Notable production figures include 33 oz of gold and 0.5 Moz of silver from La Encantada and 10.6 Koz of gold from El Realito. Additional updates cover exploration, resource expansion, and development efforts across various properties, including the advancement of the Taca Taca and Côté-Gosselin projects.
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