Core Insights - Metalla Royalty & Streaming Ltd. reported a record operating and financial quarter for Q3 2025, achieving revenue of $4.0 million, cash flow from operations of $2.6 million, and Adjusted EBITDA of $2.9 million, along with its first positive net income of $0.6 million [2][3][4] Financial Performance - Revenue from royalty interests for Q3 2025 was $4.0 million, compared to $1.622 million in Q3 2024, marking a significant increase [4] - Net income for Q3 2025 was $629 thousand, a turnaround from a loss of $1.169 million in Q3 2024 [4] - Adjusted EBITDA for Q3 2025 was $2.902 million, up from $930 thousand in Q3 2024 [4] - Total attributable Gold Equivalent Ounces (GEOs) for Q3 2025 were 1,155, compared to 648 in Q3 2024 [4] Asset Updates - Metalla acquired an additional 0.15% interest in the Net Smelter Returns (NSR) royalty on the Côté gold mine and Gosselin project for C$3.4 million, increasing its total ownership to 1.50% [3][21] - Rehabilitation activities at La Parrilla mine complex have restarted, with plans for a sulphide circuit expansion to 1,250 tonnes per day [3][26] - Sierra Madre Gold & Silver Ltd. plans a two-stage expansion at La Guitarra, increasing processing capacity from 500 tonnes per day to approximately 750-800 tonnes per day by Q2 2026 [3][17] - Hudbay Minerals announced a $600 million strategic investment from Mitsubishi for a 30% joint venture interest in Copper World [3][38] - Castle Mountain's Phase 2 project has been accepted into the FAST-41 program, which is expected to streamline the permitting process [3][35] Production Metrics - Average realized price per attributable GEO for Q3 2025 was $3,451, compared to $2,481 in Q3 2024 [4] - Average cash cost per attributable GEO for Q3 2025 was $8, down from $9 in Q3 2024 [4] - Operating cash margin per attributable GEO for Q3 2025 was $3,443, compared to $2,472 in Q3 2024 [4] Future Outlook - The company anticipates sustained long-term growth and compounding cash flow as its assets progress through development and into production [2]

Core Insights - Delta Airlines announced its first non-stop flight from JFK to Malta starting Summer 2026, which is expected to significantly boost Malta's tourism promotion in North America [1][4] - The announcement coincides with the opening of a new Malta Tourism Authority (MTA) office in New York City, aimed at enhancing Malta's visibility and tourism potential in the North American market [1][2] Group 1: Delta Airlines Announcement - The non-stop flight from JFK to Malta is described as a "gamechanger" for Malta's tourism promotion in North America [1][4] - The flight is expected to attract high-end luxury travelers and young independent travelers, increasing interest and demand for Malta as a travel destination [4] Group 2: Malta Tourism Authority Initiatives - The MTA delegation, led by Deputy Prime Minister Dr. Ian Borg, is in New York to open the new MTA office and host events to promote Malta [2][3] - The new office will serve as a "VISITMALTA" space, allowing the MTA to better support travel industry partners and provide tailored information to potential travelers [4] Group 3: Cultural and Historical Significance of Malta - Malta is highlighted as a destination that combines rich history, culture, and relaxation, featuring UNESCO-listed sites and ancient megalithic temples [5][6] - The island offers diverse experiences, from exploring historical sites to enjoying natural beauty, making it an attractive destination for tourists [5][6]

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]

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]

Group 1 - Metalla Royalty & Streaming Ltd. (MTA) is currently outperforming its peers in the Basic Materials group, with a year-to-date return of approximately 67.7% compared to the sector average of 12.7% [4] - The Zacks Rank for MTA is 2 (Buy), indicating a positive earnings outlook and strong analyst sentiment, with full-year earnings estimates having increased by 75% in the past quarter [3][4] - The Basic Materials group is ranked 13 within the Zacks Sector Rank, which includes 16 different groups [2] Group 2 - MTA is part of the Mining - Miscellaneous industry, which consists of 64 companies and currently holds a Zacks Industry Rank of 165, with an average gain of 16.2% this year [6] - Another stock in the Basic Materials sector, McEwen (MUX), has also shown strong performance with a year-to-date return of 39.3% and a Zacks Rank of 2 (Buy) [5][6] - Investors interested in Basic Materials stocks should monitor both Metalla Royalty & Streaming Ltd. and McEwen for continued solid performance [7]

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].

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]

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].

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].

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]