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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]
All You Need to Know About Metalla Royalty & Streaming (MTA) Rating Upgrade to Buy
ZACKS· 2024-12-13 18:06
Core Viewpoint - Metalla Royalty & Streaming Ltd. (MTA) has received a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - For Metalla Royalty & Streaming, the expected earnings for the fiscal year ending December 2024 are -$0.07 per share, reflecting a year-over-year change of 36.4% [8]. - Over the past three months, the Zacks Consensus Estimate for the company has increased by 8.3%, indicating a positive trend in earnings expectations [8]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Metalla Royalty & Streaming to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10][11].
METALLA REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2024 AND PROVIDES ASSET UPDATES
Prnewswire· 2024-11-14 21:30
Core Insights - Metalla Royalty & Streaming Ltd. achieved significant milestones in Q3 2024, including receiving its first royalty payments from Tocantinzinho and La Guitarra, with expectations for continued production scaling into 2025 [2][3] Financial Performance - For Q3 2024, Metalla received or accrued payments on 648 attributable Gold Equivalent Ounces (GEOs) at an average realized price of $2,481 and an average cash cost of $9 per attributable GEO [3][49] - The company recognized revenue from royalty and stream interests of $1.6 million, with a net loss of $1.2 million and Adjusted EBITDA of $0.9 million for the same period [3][52] - For the nine months ended September 30, 2024, Metalla accrued payments on 1,673 attributable GEOs at an average realized price of $2,292 and an average cash cost of $11 per attributable GEO, resulting in total revenue of $3.8 million and a net loss of $4.4 million [3][49] Asset Updates - Tocantinzinho achieved commercial production with a mill operating at 76% of nameplate throughput, processing 304 kilotonnes of ore at a recovery rate of 88% [5][6] - Metalla accrued 67 GEOs from Tocantinzinho and holds a 0.75% GVR royalty on the project [6] - Wharf reported production of 33.7 Koz gold in Q3 2024, with Metalla accruing 268 GEOs from the mine, where it holds a 1.0% GVR royalty [7][8] - Aranzazu produced 24,486 GEOs in Q3 2024, with Metalla accruing 196 GEOs from the mine, holding a 1.0% NSR royalty [9][11] - La Guitarra achieved daily throughput rates averaging 350 tpd, generating over $2.4 million in revenue since mining commenced, with Metalla accruing 20 GEOs [14][15] Strategic Developments - The company adopted a minimum share ownership policy for directors and officers to align their financial interests with shareholders [4] - Metalla appointed Jason Cho as President, who made a C$1.0 million equity investment in the company [3] Future Outlook - Metalla anticipates production from Amalgamated Kirkland and Endeavor to begin in Q4 2024 and H1 2025, respectively, which is expected to accelerate the company's GEO growth trajectory [2]
NuLegacy Gold completes issuance of amendment units to Metalla Royalty
Proactiveinvestors NA· 2024-09-11 13:03
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...
METALLA REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2024 AND PROVIDES ASSET UPDATES
Prnewswire· 2024-08-14 20:40
(All dollar amounts are in thousands of United States dollars unless otherwise indicated, except for shares, per ounce, and per share amounts) TSXV: MTA NYSE American: MTA VANCOUVER, BC, Aug. 14, 2024 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) announces its operating and financial results for the three and six months ended June 30, 2024. For complete details of the condensed interim consolidated financial statements and accompanying manageme ...
METALLA WELCOMES JASON CHO AS PRESIDENT
Prnewswire· 2024-07-24 12:20
TSXV: MTA NYSE AMERICAN: MTA Mr. Cho commented, "I am enthusiastic to partner with Brett and the Metalla team at such a pivotal time as the Company advances its path towards building a leading royalty company and more fully realizes value within its existing portfolio of high quality assets." JASON CHO PRIVATE PLACEMENT Effective July 23, 2024, Metalla has granted, in accordance with the Company's share compensation plan, an aggregate of 250,000 restricted share units (each "RSU") and an aggregate of 150,00 ...
Metalla Renews Base Shelf Prospectus
Newsfile· 2024-06-28 22:06
Metalla Royalty & Streaming Ltd. Website: www.metallaroyalty.com This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only and the Company does not intend to and does not assume any obligation to update or revise them except as required by applicable law. acquiring, investing in or devel ...
METALLA ANNOUNCES VOTING RESULTS FROM ANNUAL GENERAL MEETING
Prnewswire· 2024-06-26 23:26
Core Viewpoint - Metalla Royalty & Streaming Ltd. successfully held its annual general meeting, with shareholders approving all proposed matters, reflecting strong support for the company's governance and strategic direction [1][2]. Voting Results - A total of 43,568,399 shares were represented at the meeting, accounting for 47.62% of the company's issued and outstanding common shares [1]. - The election of directors received significant support, with Brett Heath receiving 94.86% approval, Lawrence Roulston 92.06%, Alexander Molyneux 94.38%, James Beeby 96.70%, and Amanda Johnston 96.55% [2]. - The appointment of auditors was approved with 99.10% of votes in favor [2]. - The Share Compensation Plan was approved with 93.06% of votes for and 6.94% against [2]. Company Overview - Metalla is focused on precious and base metals, particularly gold, silver, and copper royalties and streams, providing shareholders with leveraged exposure through a diversified portfolio [3]. - The company aims to establish itself as a leading player in the precious metals sector, supported by a strong asset base and an experienced management team [3].