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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 Ltd. (MTA) reported its financial and operating results for the year ending December 31, 2022, revealing significant transactions that expanded its portfolio. The company acquired 15 new royalties and streams for a total of $33.5 million, showcasing a strategic growth initiative. Financial highlights include a revenue of $2.4 million and a net loss of $10.9 million, indicating challenges in profitability. Moreover, Metalla anticipates continued opportunities in 2023, driven by an expanding asset base and market positioning.
Metalla Royalty & Streaming Ltd. (NYSE American: MTA) has finalized its acquisition of half of a gold proceeds royalty and half of a sliding scale net smelter return royalty from Barrick Gold's Lama project. The total purchase price is $7.5 million, consisting of $2.5 million in cash and shares at closing, with an additional $2.5 million to be paid based on future milestones. This acquisition enhances Metalla's royalty portfolio, providing significant exposure to gold and copper, positioning the company for growth in the precious metals sector.
Metalla Royalty & Streaming Ltd. (NYSE American: MTA) has successfully completed its acquisition of a portfolio from Alamos Gold Inc. (NYSE: AGI). The transaction, detailed in a previous release on December 22, 2022, involved a silver stream and three royalties, totaling 939,355 common shares at US$5.3228 each, reflecting a 20-day VWAP. This strategic move bolsters Metalla's position in the precious metals market by enhancing its diversified asset base, positioning the company for potential future cash generation and growth in the sector.
Stellantis and Archer have announced a partnership to manufacture Archer's Midnight electric vertical take-off and landing (eVTOL) aircraft. This collaboration aims to utilize Stellantis' advanced manufacturing expertise, personnel, and up to $150 million in equity to facilitate production at a new facility in Covington, Georgia, set to begin in 2024. Stellantis will also aim to increase its shareholding in Archer, enhancing its role as a strategic investor and enabling Archer to save significantly on manufacturing costs during its ramp-up phase.
Metalla Royalty & Streaming Ltd. (MTAFF, MTA) highlights its significant milestones in 2022, achieving five transactions to acquire 15 new royalties for a total cost of $33.5 million. The company adopted a defensive strategy early in the year but identified growth opportunities in Q4. Key acquisitions include royalties from Barrick Gold and First Majestic Silver Corp., enhancing its portfolio of assets. Notable developments include progress on the Côté Gold Project and acquisitions with expected strong future cash flows.
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