METALLA INCREASES ITS CÔTÉ & GOSSELIN ROYALTY TO 1.5% AND PROVIDES PORTFOLIO UPDATES
Rhea-AI Summary
Metalla Royalty & Streaming (NYSE American: MTA) completed the purchase of the remaining C$3.4 million interest to consolidate its 1.5% NSR royalty on a portion of the Côté Gold Mine and all of the Gosselin project.
Côté reached commercial production in August 2024 and has nameplate processing capacity of 36,000 tpd. IAMGOLD plans 45,000 m of Gosselin drilling in 2025 and expects an updated reserves/resources and technical report by year-end 2026. Portfolio updates include expansion plans at La Guitarra, La Parrilla rehabilitation, Endeavor operational suspension and restart plans, San Luis drill extensions, and Wharf 2025 guidance raised to 93–103 Koz.
Positive
- Royalty consolidated to 1.5% NSR on Côté/Gosselin
- Acquisition completed for C$3.4 million cash
- Côté at 36,000 tpd nameplate processing capacity
- 45,000 m Gosselin drill program planned for 2025
- Wharf 2025 guidance increased to 93–103 Koz
Negative
- Endeavor operations suspended after fatal incident on Oct 28, 2025
- La Parrilla restart requires 7–9 months rehabilitation work
Insights
Acquiring the remaining 0.15% raises Metalla's stake to 1.5% on a large Canadian gold complex and adds near-term optionality from planned integration and resource updates.
Metalla purchased the remaining 0.15% of the Côté/Gosselin NSR for
Key dependencies and risks include the extent to which IAMGOLD integrates Gosselin into the mine plan and actual conversion of exploration results into mineable reserves; Metalla explicitly assumes
(All dollar amounts are in United States dollars unless otherwise indicated)
"The additional
Côté / Gosselin (
On October 31, 2025 Metalla completed the acquisition of the remaining
The Côté mine reached commercial production in August 2024 after pouring its first gold in March 2024 and has achieved nameplate processing capacity of 36,000 tonnes per day. With plans to integrate the Gosselin deposit into an updated mine plan and boost overall throughput, Côté / Gosselin is positioned to become one of
IAMGOLD disclosed on August 7, 2025 that it plans to drill a total of 45,000 meters at Gosselin in 2025 and expects results from the 2024 and 2025 Gosselin exploration programs to be incorporated into an updated Mineral Reserve and Resource estimate in 2026, as well as an updated technical report, considering a larger-scale operation with a conceptual plan targeting both the Côté and Gosselin zones. IAMGOLD expects the updated technical report to be completed by year-end 2026.
Côté / Gosselin Royalty Map
Côté & Gosselin Reserve & Resource Estimate as of December 31, 2024 1
|
|
|
Côté |
Gosselin |
|
||||
|
|
Tonnes |
Gold |
Tonnes |
Gold |
Royalty GEOs |
|||
|
|
(000's) |
(g/t) |
(000's) |
(000's) |
(g/t) |
(000's) |
(000's) |
|
|
Proven & Probable |
229,175 |
1.01 |
7,341 |
- |
- |
- |
6.61 |
|
|
Measured & Indicated |
438,544 |
0.84 |
11,785 |
161,300 |
0.85 |
4,420 |
76.90 |
|
|
Inferred Resources |
60,362 |
0.61 |
1,177 |
123,900 |
0.75 |
2,980 |
45.80 |
|
- For royalty ounce calculation, Metalla estimates
6% of Côté and100% of Gosselin's Mineral Resources and Mineral Reserves are subject to our royalty NSR interest at a rate of1.5% . For more information, please review IAMGOLD's October 2025 Corporate Presentation, press release dated August 7, 2025, October 15, 2024, February 15, 2024 and 2024 Annual Information Form.
ASSET UPDATES
-
La Guitarra – Expansion plans underway to increase processing capacity to ~1,500 tpd by Q3 2027 and the commencement of a district-wide exploration program. - La Parrilla – Rehabilitation plans underway supported by offtake financing from Samsung.
- Endeavor – Recommencement of mining operations following fatal incident at Endeavor Mine and discovery of new massive sulphide zone at the Carpark prospect.
-
San Luis – Drilling confirms significant extensions of the Bonita Vein system. - Wharf – 2025 production guidance at Wharf increased to 93–103 Koz gold.
Metalla holds a
On September 8, 2025, Sierra Madre outlined a two-stage expansion plan at
On October 23, 2025, Sierra Madre announced a
For more information, please view the Sierra Madre's September 8, 2025 Press Release and Sierra Madre's October 23, 2025 Press Release.
La Parrilla (
Metalla holds a
On October 21, 2025, Silver Storm reported that rehabilitation activities had commenced at La Parrilla, with engineers engaged and mobilized, long-lead items ordered for the sulphide circuit expansion to 1,250 tpd, and SRK Consulting retained to review the restart plan.
The President and CEO of Silver Storm stated: "With the existing infrastructure in place and recent financings completed, we are taking decisive steps in respect of the Silver Storm's objective of bringing the historic La Parrilla back into production and creating value for our shareholders and the communities of Durango. Rehabilitation and preparation activities will take seven to nine months, and subject to further technical evaluations, we could target the potential restart of operations as early as the second quarter of 2026".
For more information, please view the Silver Storm's October 10, 2025 Press Release and Silver Storm's October 21, 2025 Press Release.
Endeavor (
Metalla holds a
On October 31, 2025, Polymetals provided an update in relation to a fatal incident that occurred at Endeavor on October 28, 2025 that resulted in all mining and surface operations being suspended pending completion of an investigation into its cause. Polymetals has announced plans to take a staged approach to recommencing operations at Endeavor with exploration drilling and concentrate transport expected to commence next week. Personnel are expected to return to work on November 5, 2025, with the progressive resumption of mining and processing activities.
Metalla wishes to extend our deepest condolences to the families and all those impacted by the recent tragic events in Cobar,
On October 23, 2025, Polymetals reported the discovery of a new zone of massive sulphides south of the Endeavor Mine in the Carpark prospect. Polymetals stated that visual evidence from the drill holes completed support the likely presence of a significant mineralized structure in the area.
For more information, please view the Polymetals' October 23, 2025 Press Release and Polymetals' October 31 2025 Press Release
Metalla holds a
On September 16, 2025, Highlander reported results of step out drilling to the southeast of prior drilling at the Bonita Open Pit target with high grade intercepts of 7.43 g/t gold and 16.45 g/t silver over 24.8 meters and 3.42 g/t gold and 16.93 g/t silver over 40.4 meters.
On October 6, 2025 Highlander reported drill results from the expanding Bonita drill program with the discovery of a new zone called Kusy. The highlight intercept from Kusy returned 15.56 g/t gold and 74.49 g/t silver over 23.6 meters.
For more information, please view the Highlander Sept 16, 2025 Press Release and Highlander October 6, 2025 Press Release.
Wharf (
Metalla holds a
On October 29, 2025, Coeur increased its full year production guidance for 2025 at Wharf to 93 – 103 Koz gold, reflecting strong year-to-date performance and higher expected grades in the fourth quarter.
Exploration expenditures at Wharf for the third quarter were
For more information, please view the Coeur Mining October 29, 2025 Press Release.
QUALIFIED PERSON
The technical information contained in this news release has been reviewed and approved by Charles Beaudry, geologist M.Sc., member of the Association of Professional Geoscientists of
ABOUT METALLA
Metalla provides shareholders with leveraged gold, silver, and copper exposure by acquiring royalties and streams. Our goal is to increase share value by accumulating a diversified portfolio of royalties and streams with attractive returns. Our strong foundation of current and future cash-generating asset base, combined with an experienced team, gives Metalla a path to become one of the leading royalty companies.
For further information, please visit our website at www.metallaroyalty.com.
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
Chief Executive Officer
Website: www.metallaroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accept responsibility for the adequacy or accuracy of this alert.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in
Technical and Third-Party Information
Metalla has limited, if any, information on or access to the properties on which Metalla (or any of its subsidiaries) holds a royalty, stream or other interest and has no input into exploration, development or mining plans, decisions or activities on any such properties. Metalla is dependent on (i) the operators of the mines or properties and their QPs to provide technical or other information to Metalla, or (ii) publicly available information to prepare disclosure pertaining to properties and operations on the mines or properties on which Metalla holds a royalty, stream or other interest, and generally has limited or no ability to independently verify such information. Although Metalla does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some information publicly reported by operators may relate to a larger property than the area covered by Metalla's royalty, stream or other interests. Metalla's royalty, stream or other interests can cover less than
Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press release,
including any
references to mineral resources or mineral reserves, was prepared in accordance with Canadian
NI 43-101
, which differs significantly from the requirements of the
"Inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Historical results or feasibility models presented herein are not guarantees or expectations of future performance.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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.
All statements included herein that address events or developments that we expect to occur in the
future
are
forward-looking statements. Generally, forward-looking statements can be identified by the use of
forward-looking terminology such as
"
plans
"
,
"
expects
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is expected
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,
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budgets
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,
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scheduled
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estimates
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forecasts
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predicts
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projects
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intends
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targets
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aims
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anticipates
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or
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believes
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or
variations (including negative variations) of such words and phrases or may be
identified by statements
to the effect that certain actions
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may
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could
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should
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would
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might
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or
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will
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be taken,
occur or be
achieved. Forward-looking statements in this press release include, but are not limited to, statements
regarding: future events or future performance of Metalla;
the Company's plans and objectives; the Company's future financial and operational performance; expectations regarding stream and royalty interests owned by the Company; that the acquisition of the additional royalty interest of Côté / Gosselin Royalty will bolster Metalla's portfolio; that Gosselin will be integrated into the mine plan and boost overall throughput; that Côté / Gosselin will become one of
Such forward-looking statements reflect management's current beliefs and are based on information
currently available to
management. Forward-looking statements are based on forecasts of future results,
estimates of amounts not yet determinable
and assumptions that, while believed by management to be
reasonable, are inherently subject to significant business,
economic and competitive uncertainties, and
contingencies. Forward-looking statements are subject to various known and
unknown risks and
uncertainties, many of which are beyond the ability of Metalla to control or predict, that may cause
Metalla's actual results, performance or achievements to be materially different from those expressed or
implied thereby, and
are developed based on assumptions about such risks, uncertainties and other
factors set out herein, including but not
limited to: risks related to commodity price fluctuations; the
absence of control over mining operations from which
Metalla will
purchase precious metals pursuant to
gold streams, silver streams and other agreements or from which it will receive royalty
payments
pursuant to NSRs, gross overriding royalties, gross
value royalties and other royalty
agreements or
interests and risks related to those mining operations, including risks related to
international operations, government and
environmental regulation, delays in mine construction and
operations, actual results of mining and current exploration
activities, conclusions of economic
evaluations and changes in project parameters as plans are refined; risks related to
exchange rate
fluctuations; that payments in respect of streams and royalties may be delayed or may never be made;
risks related to Metalla's reliance on public disclosure and other information regarding the mines or projects underlying its streams and royalties; that some royalties or streams may be subject to confidentiality arrangements that limit or prohibit disclosure regarding those royalties and streams; business opportunities that become available to, or are pursued by, Metalla; that Metalla's cash flow is dependent on the activities of others; that Metalla has had negative cash flow from operating activities in the past; that some royalty and stream interests are subject to rights of other interest-holders; that Metalla's royalties and streams may have unknown defects; risks related to Metalla's two material assets, the Côté property and the Taca Taca property; risks related to general business and economic conditions; risks related to global financial conditions, risks related to geopolitical events and other uncertainties, such as the conflict in the
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SOURCE Metalla Royalty & Streaming Ltd.