METALLA REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2024 AND PROVIDES ASSET UPDATES

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]