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]

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].