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].

(In United States dollars, except where noted otherwise) TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) has published its sustainability reports for 2024. The Environment, Social and Governance Report is the Company’s primary sustainability report, setting out its sustainability performance. The Company has also published its Task Force on Climate-related Financial Disclosures (“TCFD”) aligned Climate Change Report and Tax Transparency and ...

Financial Performance - First Quantum Minerals reported a net loss attributable to shareholders of $23 million ($0.03 loss per share) for Q1 2025, with adjusted earnings of $2 million ($0.00 adjusted earnings per share) [1][3][19] - Gross profit for Q1 2025 was $331 million, down $74 million from Q4 2024, while EBITDA was $377 million, a decrease of $78 million from the previous quarter [3][19] - Cash flows from operating activities were $143 million ($0.17 per share), which is $440 million lower than Q4 2024, primarily due to lower EBITDA and increased working capital [19] Production and Costs - Total copper production for Q1 2025 was 99,703 tonnes, an 11% decrease from Q4 2024, attributed mainly to lower production at the Sentinel mine [3][6][24] - Copper C1 cash cost increased to $1.95 per lb, a 16% rise from the previous quarter, reflecting lower production volumes and higher costs [3][19] - Gold production was strong at 29,868 ounces in Q1 2025, contributing positively to the company's financial performance [6][24] Operational Updates - The Kansanshi S3 Expansion project is on track for mid-2025 completion, with 83% of construction completed and 20% of systems handed over to commissioning [7][31][33] - Cobre Panamá remains halted since November 2023, with ongoing costs of approximately $13 million per month for maintenance and preservation [14][27] - The company has maintained supplementary power arrangements in Zambia and anticipates sourcing up to 60% of its electricity from imports as the Kansanshi S3 Expansion ramps up [36][37] Hedging and Financial Flexibility - The company has entered into derivative contracts to hedge against copper price fluctuations, protecting approximately half of planned production and sales in 2025 [12][13] - A recent notes offering enhanced the company's liquidity position by $750 million, and an additional $500 million prepayment agreement was made with Jiangxi Copper Company [2][15][16] Guidance and Future Outlook - The production guidance for 2025 remains unchanged, with expectations of 160,000 to 190,000 tonnes of copper and 100,000 to 110,000 ounces of gold [8][43][45] - The company plans a six-week maintenance shutdown of the Kansanshi smelter in Q2 2025, which may impact short-term production [8][19]

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].