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]

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].

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].

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]

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].

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]

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 ...

Core Insights - Metalla Royalty & Streaming Ltd. reported significant operational and financial progress for the first half of 2024, highlighting key milestones in production and leadership changes that are expected to drive growth in the latter half of the year [2][3]. Company Highlights - The company appointed Jason Cho as President, who made a C$1.0 million equity investment in the company [4]. - Metalla achieved first production at Tocantinzinho and La Guitarra, while Côté reached commercial production [2][4]. - The company published its inaugural Asset Handbook, detailing over 100 royalty and streaming assets [4]. Financial Performance - For the three months ended June 30, 2024, Metalla recognized revenue of $0.9 million, with a net loss of $1.5 million and Adjusted EBITDA of $0.2 million [4]. - For the six months ended June 30, 2024, revenue was $2.1 million, with a net loss of $3.2 million and Adjusted EBITDA of $0.2 million [4]. - The average realized price per attributable Gold Equivalent Ounce (GEO) was $2,332 for the three months and $2,173 for the six months [4]. Asset Updates - La Encantada produced 46 ounces of gold in Q2 2024, with Metalla accruing 16 GEOs from this asset [6][7]. - El Realito reported gold production of 6.1 Koz in Q2 2024, with Metalla accruing 60 GEOs [8]. - Wharf produced 22.0 Koz of gold in Q2 2024, with Metalla accruing 101 GEOs [9]. - Aranzazu produced 24,692 GEOs in Q2 2024, with Metalla accruing 197 GEOs [10]. - Tocantinzinho achieved its first gold pour, with expectations for commercial production in H2 2024 [13]. Leadership and Governance - A minimum share ownership policy was adopted for directors and officers to align their financial interests with shareholders [5]. - The company is focused on enhancing its leadership team and operational strategies to support growth [2][5]. Future Outlook - Metalla is positioned for growth with its diversified portfolio of royalties and streams, aiming to leverage its assets in the upcoming commodities cycle [37].

Core Viewpoint - Metalla Royalty & Streaming Ltd. has appointed Jason Cho as President, aiming to enhance its position as a leading royalty company and maximize value from its high-quality asset portfolio [11][6]. Group 1: Appointment and Background - Jason Cho brings over 25 years of experience in the mining sector, including roles in engineering, corporate finance, and corporate development [6]. - Prior to joining Metalla, Mr. Cho served as Executive Vice President at Eldorado Gold, where he led over C$4 billion in mergers and acquisitions, equity, debt, and project financings [6]. - The appointment is seen as a strategic move to leverage Mr. Cho's extensive industry relationships and expertise to drive Metalla's growth [6]. Group 2: Equity Investment and Compensation - Concurrent with his appointment, Mr. Cho has made a C$1.0 million equity investment in Metalla, acquiring 250,000 common shares at C$4.00 per share through a private placement [13]. - Metalla has granted Mr. Cho 250,000 restricted share units (RSUs) and 150,000 stock options, with specific vesting schedules [3]. - The RSUs will vest in four equal installments annually, while the options will vest in two equal installments over two years [3]. Group 3: Company Strategy and Goals - Metalla aims to provide shareholders with leveraged exposure to precious and strategic metals by acquiring royalties and streams [8]. - The company seeks to increase share value through a diversified portfolio of royalties and streams that offer attractive returns [8]. - Metalla's strong asset base and experienced team position it to become a leading royalty company in the sector [8].