Welcome to our dedicated page for Metalla Royalty news (Ticker: MTA), a resource for investors and traders seeking the latest updates and insights on Metalla Royalty stock.
Metalla Royalty (MTA) provides investors with strategic exposure to precious metals through its royalty and streaming agreements in mining projects worldwide. This page serves as the definitive source for all official company announcements, financial updates, and operational developments.
Access real-time updates on earnings releases, strategic acquisitions, and portfolio expansions, including insights into the company’s royalty interests in gold, silver, and copper assets. Investors benefit from a centralized hub tracking MTA’s growth in the mining finance sector, with content spanning production milestones, partnership agreements, and market positioning.
Key updates include quarterly financial results, details on royalty stream acquisitions, and analyses of operational performance across top-tier mining jurisdictions. Bookmark this page to stay informed on MTA’s evolving role in the precious metals sector and its disciplined approach to asset management.
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.
