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METALLA REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2025 AND PROVIDES ASSET UPDATES
Prnewswire· 2025-08-14 20:30
Core Insights - Metalla Royalty & Streaming Ltd. reported significant growth in revenue and operational milestones for Q2 2025, including the successful closing of a $40 million revolving credit facility and the recommissioning of the Endeavor Mine, which produced 5,398 dry metric tonnes of silver-lead concentrate in July 2025 [2][3][4] Financial Performance - Revenue from royalty interests for Q2 2025 was $2,695,000, a substantial increase from $875,000 in Q2 2024, while total revenue for the first half of 2025 reached $4,416,000 compared to $2,130,000 in the same period of 2024 [4] - The company reported a net loss of $1,603,000 for Q2 2025, slightly higher than the net loss of $1,491,000 in Q2 2024, with a total net loss of $2,334,000 for the first half of 2025 compared to $3,223,000 in the first half of 2024 [4] - Adjusted EBITDA for Q2 2025 was $1,485,000, a significant increase from $165,000 in Q2 2024, with total adjusted EBITDA for the first half of 2025 at $2,351,000 compared to $243,000 in the first half of 2024 [4] Operational Highlights - The Endeavor Mine achieved its operating cost targets in its first month of production, with expectations for initial cash flows in Q3 2025 [2][3] - The company accrued 840 attributable gold equivalent ounces (GEOs) in Q2 2025, up from 401 GEOs in Q2 2024, and a total of 1,468 GEOs for the first half of 2025 compared to 1,025 GEOs in the same period of 2024 [4][52] - Average realized price per attributable GEO increased to $3,289 in Q2 2025 from $2,332 in Q2 2024, while average cash cost per attributable GEO decreased to $8 from $17 in the same period [4][53][54] Asset Updates - G Mining Ventures reported second quarter gold production of 42.6 Koz at Tocantinzinho, with Metalla accruing 309 GEOs from this asset [6][7] - Coeur Mining reported a 18% increase in gold production at Wharf, with Metalla accruing 279 GEOs from this mine [8][9] - Aura Minerals reported a 9% increase in production from Aranzazu, with Metalla accruing 175 GEOs from this asset [11][12] Strategic Developments - Hudbay Minerals announced a $600 million strategic investment from Mitsubishi Corporation for a 30% joint venture interest in Copper World, which is expected to close in late 2025 or early 2026 [4][37] - Equinox Gold's Castle Mountain Mine Phase 2 Project was accepted into the FAST-41 program, which is anticipated to enhance regulatory certainty and streamline the permitting process [4][26][28] Management Changes - Metalla appointed Marjorie Winslow as Corporate Secretary, succeeding Kim Casswell, who left to pursue other opportunities [46]
Metalla Royalty & Streaming Ltd. (MTA) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-08-01 17:00
Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of "buying high, hoping to sell even higher" [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Metalla Royalty & Streaming Ltd. (MTA) currently holding a Momentum Style Score of B [2] Group 2: Zacks Rank and Performance - MTA has a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3] - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) with Style Scores of "A or B" tend to outperform the market over the following month [3] Group 3: Recent Performance Metrics - MTA shares have increased by 10.85% over the past week, outperforming the Zacks Mining - Miscellaneous industry, which rose by 1.38% [5] - Over the last quarter, MTA shares have risen by 33.33%, and by 39.44% over the past year, compared to the S&P 500's increases of 14.12% and 16.19% respectively [6] Group 4: Trading Volume and Earnings Outlook - MTA's average 20-day trading volume is 360,833 shares, indicating a bullish sign if the stock is rising with above-average volume [7] - In the past two months, one earnings estimate for MTA has moved higher, raising the consensus estimate from -$0.01 to $0.00 [9] Group 5: Conclusion - Given the positive momentum indicators and earnings outlook, MTA is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential pick for near-term gains [11]
METALLA PUBLISHES 2025 ASSET HANDBOOK AND ANNUAL LETTER TO SHAREHOLDERS
Prnewswire· 2025-06-26 11:00
Core Viewpoint - Metalla Royalty & Streaming Ltd. is entering a significant growth phase, supported by a robust royalty portfolio and favorable macroeconomic conditions, particularly in gold and copper demand [2][3]. Company Overview - Metalla aims to provide shareholders with leveraged exposure to precious and strategic metals through the acquisition of royalties and streams, focusing on increasing share value via a diversified portfolio [4]. Asset Handbook Highlights - The 2025 Asset Handbook details Metalla's high-quality gold, silver, and copper royalty portfolio, showcasing 100 royalties primarily in top mining jurisdictions, managed by major mining companies [3]. Growth Potential - The company anticipates that its operating partners will continue to add value through exploration and development, unlocking significant potential via new discoveries and resource additions without incurring additional costs [3][2].
METALLA ANNOUNCES REVOLVING CREDIT FACILITY OF UP TO $75 MILLION AND RETIREMENT OF BEEDIE FACILITY
Prnewswire· 2025-06-25 11:00
Core Viewpoint - Metalla Royalty & Streaming Ltd. has secured a $40 million revolving credit facility with Bank of Montreal and National Bank Financial, enhancing its financial flexibility and reducing capital costs without equity dilution [1][2][3] Group 1: Credit Facility Details - The revolving credit facility allows Metalla to borrow up to $40 million, with an accordion feature for an additional $35 million, subject to certain conditions [1][3] - The facility has an initial term of 3 years, extendable annually by mutual agreement [6] - The company has drawn down $13.1 million from the facility to fully repay its existing C$50 million convertible loan facility with Beedie Investments [4][5] Group 2: Financial Implications - The new facility is expected to lower the company's cost of capital and provide the balance sheet strength to pursue larger, accretive transactions [2][6] - Interest rates for the facility will vary based on the type of advances, with USD Base Rate Advances and Term Benchmark Advances linked to the Secured Overnight Financing Rate (SOFR) plus a margin [6] - The undrawn portion of the facility incurs a standby fee ranging from 0.56% to 0.79% per annum, depending on the company's leverage ratio [6] Group 3: Company Background - Metalla focuses on acquiring royalties and streams in the gold, silver, and copper sectors, aiming to increase shareholder value through a diversified portfolio [7] - The company is positioned to become a leading emerging mid-tier royalty and streaming company, supported by a strong asset base and experienced management [2][7]
METALLA REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2025 AND PROVIDES ASSET UPDATES
Prnewswire· 2025-05-15 20:30
Core Insights - Metalla Royalty & Streaming Ltd. reported its operating and financial results for Q1 2025, highlighting progress in its royalty portfolio and various asset updates [1][2]. Company Highlights - The company recognized revenue from royalty and stream interests of $1.7 million, with a net loss of $0.7 million and Adjusted EBITDA of $0.9 million for the three months ended March 31, 2025 [5]. - Metalla accrued a total of 628 attributable Gold Equivalent Ounces (GEOs) during the quarter, with an average realized price of $2,855 per GEO and an average cash cost of $11 per GEO [5][54][55]. Asset Updates - **Tocantinzinho**: G Mining Ventures reported Q1 2025 gold production of 36 Koz, with production guidance reaffirmed at 175 to 200 Koz for the year [3][4]. - **Wharf**: Coeur Mining reported Q1 production of 20.5 Koz gold, with full-year guidance maintained at 90-100 Koz [7][8]. - **Aranzazu**: Aura Minerals confirmed a 10-year mine life and projected average annual production of 28.1 million pounds of copper, 25.2 Koz of gold, and 652 Koz of silver [10][11]. - **La Guitarra**: Sierra Madre commenced underground mining at the Coloso mine, which has higher grades than the initial mining front [13][15]. - **Endeavor**: Polymetals reported that redevelopment activities are on schedule, with first ore processing expected in May 2025 [19][20]. - **Côté-Gosselin**: IAMGOLD completed 12,000 meters of drilling at the Gosselin deposit, with plans for further drilling in 2025 [21][22]. Financial Performance - The company generated an operating cash margin of $2,844 per attributable GEO from various royalty interests [5]. - Adjusted working capital as of March 31, 2025, was reported at $11.768 million, reflecting a strong liquidity position [59]. Future Outlook - Metalla's diversified portfolio and ongoing exploration and development activities across its assets position the company for potential growth in the upcoming commodities cycle [50].
METALLA REPORTS FINANCIAL RESULTS FOR THE 2024 FISCAL YEAR AND PROVIDES ASSET UPDATES
Prnewswire· 2025-03-27 20:30
Core Viewpoint - Metalla Royalty & Streaming Ltd. reported positive operational and financial results for the year ended December 31, 2024, with expectations for continued growth in 2025 driven by new production milestones and cash flow generation from various projects [3][4][5]. Company Highlights - For the year ended December 31, 2024, Metalla received or accrued payments on 2,481 attributable Gold Equivalent Ounces (GEOs) at an average realized price of $2,411 and an average cash cost of $19 per attributable GEO [4][49]. - The company recognized revenue from royalty and stream interests of $5.9 million, with a net loss of $5.5 million and Adjusted EBITDA of $1.4 million for the same period [4][54]. - Operating cash margin was reported at $2,401 per attributable GEO from various royalty interests [4][54]. Outlook - In 2025, Metalla expects to receive or accrue payments on 3,500 to 4,500 attributable GEOs, with primary cash flow sources anticipated from Tocantinzinho, Wharf, Endeavor, Aranzazu, La Encantada, and La Guitarra [5][6]. Asset Updates - **Tocantinzinho**: As of year-end 2024, Proven Mineral Reserves totaled 1.06 million ounces at 1.23 g/t gold, with plans for near-mine exploration budgeted at $2 million for 2025 [7][8]. - **Wharf**: Coeur Mining reported production guidance for 2025 at Wharf of 90,000 to 100,000 ounces of gold, with exploration investment expected to be $7-10 million [11][12][13]. - **Aranzazu**: Aura Minerals announced fourth quarter 2024 production at Aranzazu totaled 23.4 K GEOs, with 2025 production guidance between 88,000 to 97,000 GEOs [14][15][16]. - **La Guitarra**: Sierra Madre announced full commercial production commenced on January 1, 2025, with Metalla accruing 25 GEOs for Q4 2024 [17]. - **Endeavor**: Polymetals Resources announced plans to commence production in Q2 2025, with Metalla holding a 4.0% NSR royalty on lead, zinc, and silver produced [20][21]. - **Côté-Gosselin**: IAMGOLD plans to spend approximately $18.6 million on exploration in 2025, including 45,000 meters of drilling [22][23][24]. - **Copper World**: Hudbay received the final major permit for the project, with a definitive feasibility study expected to be completed in the first half of 2026 [29][30]. Financial Information - Adjusted working capital as of December 31, 2024, was reported at $11.8 million, reflecting the exclusion of the Convertible Loan Facility [56].
METALLA ANNOUNCES CLOSING OF BEEDIE CONVERSION, DEBT REPAYMENT OF C$2 MILLION, AND ANNUAL EQUITY GRANT
Prnewswire· 2025-02-21 12:00
Core Points - Beedie Capital has increased its equity position in Metalla by converting C$1.5 million of accrued interest into 412,088 common shares at a conversion price of C$3.64 per share, resulting in Beedie owning approximately 10.3% of the company [1] - Metalla made a payment of C$2.0 million to Beedie to reduce all unpaid fees and interest under the loan facility to zero, leaving C$16.4 million outstanding under the loan facility with a conversion price of C$6.00 per share [2] - Metalla completed its 2024 annual equity grant, issuing 525,788 restricted share units and 955,000 stock options to directors, officers, and employees, with options exercisable at C$4.41 for five years [3] Company Overview - Metalla is a royalty and streaming company focused on gold, silver, and copper, with a strong growth profile and operations in North America, South America, and Australia [4]
METALLA REPORTS PORTFOLIO UPDATES
Prnewswire· 2025-02-20 12:00
Core Insights - Metalla Royalty & Streaming Ltd. has reported significant developments in its royalty portfolio, highlighting the potential for increased production and cash flow from various mining projects [1][19]. Group 1: Wharf Mine Developments - Metalla holds a 1.0% Gross Value Return royalty on Coeur Mining's Wharf Mine in South Dakota [2]. - Coeur Mining announced a substantial increase in Mineral Resources due to optimization initiatives, with Proven and Probable Reserves totaling 757 Koz at 0.81 g/t gold, and Measured and Indicated Resources totaling 1,020 Koz at 0.53 g/t gold [3]. Group 2: Endeavor Project Updates - Metalla holds a 4.0% Net Smelter Return royalty on Polymetals Resources' Endeavor project in Australia [5]. - Polymetals announced a A$35 million equity capital raise to strengthen its balance sheet as it transitions towards first production in Q2 2025, with a pro forma cash position of approximately A$37 million [6][7]. Group 3: Taca Taca Project Progress - Metalla holds a 0.42% NSR royalty on First Quantum's Taca Taca project in Argentina [8]. - First Quantum reported that key ESIA milestones were met, and an updated NI 43-101 Technical Report is in progress ahead of the expected application for the RIGI incentive regime [9]. Group 4: Wasamac Mine Developments - Metalla holds a 1.5% NSR royalty on Agnico Eagle Mines' Wasamac Mine in Canada [10]. - Agnico reported an initial declaration of Proven and Probable Mineral Reserves of 1.38 Moz at 2.9 g/t gold, with plans to spend $2.3 million for drilling and $6.8 million for further technical evaluation in 2025 [11][12]. Group 5: Hoyle Pond Acquisition - Metalla holds a 2.0% NSR royalty on Discovery Silver's planned acquisition of the Hoyle Pond mine [13]. - Discovery Silver outlined opportunities to grow production and extend mine life through improved systems and increased automation [14][15]. Group 6: Amalgamated Kirkland Project - Metalla holds a 0.45% NSR royalty on Agnico's Amalgamated Kirkland project [16]. - Agnico announced that production from the AK deposit is forecasted to be approximately 10 Koz gold in 2025, and 50-60 Koz gold in 2026 and 2027 [16].
METALLA REPORTS PORTFOLIO UPDATES, BEEDIE CAPITAL TO INCREASE EQUITY OWNERSHIP TO 10.3%
Prnewswire· 2025-01-21 12:00
Core Viewpoint - Metalla Royalty & Streaming Ltd. has reported significant developments in its royalty portfolio, highlighting production milestones and project advancements from its partners, G Mining and Hudbay Minerals, among others [1][5]. Group 1: Tocantinzinho Project - Metalla holds a 0.75% Gross Value Return (GVR) royalty on G Mining's Tocantinzinho project in Brazil [1]. - G Mining produced 40 Koz of gold in Q4 2024, totaling 64 Koz for the year, with the plant achieving over 100% of nameplate capacity and recoveries of 89.2% [2]. - G Mining plans to ramp up production and confirm exploration plans for nearby targets in 2025 [2][3]. Group 2: Copper World Project - Metalla holds a 0.315% Net Smelter Return (NSR) royalty on Hudbay's Copper World project in Arizona, expected to produce 85 Kt of copper annually over a 20-year mine life [5]. - Hudbay received the final air quality permit for Copper World, allowing development to proceed, with a definitive feasibility study expected to be completed in H1 2026 [6][8]. - The project is anticipated to increase Hudbay's annual copper production by over 50% and contribute to the U.S. supply chain [8]. Group 3: Côté / Gosselin Project - Metalla holds a 1.35% NSR royalty on IAMGOLD's Gosselin project and the northern portion of the Côté mine in Canada [9]. - IAMGOLD plans to spend approximately $18.6 million on exploration in 2025, focusing on resource conversion and testing mineralization [10]. - The combined resource base of the Côté and Gosselin zones is over 16.5 million ounces of measured and indicated resources and 4.2 million ounces of inferred resources [10]. Group 4: La Guitarra Project - Metalla holds a 2.0% NSR royalty on Sierra Madre's La Guitarra project in Mexico [11]. - Sierra Madre announced full commercial production at La Guitarra effective January 1, 2025, with operations running at a capacity of 500 tonnes per day [11]. Group 5: Tower Mountain Project - Metalla holds a 2.0% NSR royalty on Thunder Gold's Tower Mountain project in Canada [13]. - Thunder Gold reported drill results with significant gold intercepts, including 1.93 g/t over 54.2 meters [13]. Group 6: Amalgamated Kirkland Project - Metalla holds a 0.45% NSR royalty on Agnico Eagle's Amalgamated Kirkland project [15]. - Processing of Amalgamated Kirkland ores has been rescheduled to begin in Q4 2025 [16]. Group 7: Convertible Loan Agreement - Beedie Capital will convert C$1.5 million of accrued interest into 412,088 common shares of Metalla at C$3.64 per share, increasing their equity position to approximately 10.3% [17]. - Metalla plans to make a payment of approximately C$2.0 million to reduce outstanding fees and interest to zero by January 31, 2025 [18].
Drunk Driver Hospitalized After Train Crashes Into Car: MTA
Brentwood· 2024-12-25 11:33
Incident Overview - A Long Island Rail Road (LIRR) train crashed into a vehicle at the Lowell Ave grade crossing in Central Islip around 4:20 a.m. [1] - The incident involved a westbound LIRR Ronkonkoma Branch train and occurred near Lowell and East Suffolk avenues [1] Driver Information - The driver of the vehicle, identified as Jonathan Hernandez-Lima, 27, from Central Islip, was arrested and hospitalized following the incident [2] - Charges against the driver include first-degree reckless endangerment, second-degree criminal mischief, leaving the scene with an injury, leaving the scene of property damage, and driving while intoxicated [2]