Metalla Royalty Stock Price, News & Analysis

Metalla Royalty & Streaming Ltd. (MTA) reported its operating and financial results for Q2 2022, achieving key milestones in its royalty portfolio. The company noted a $481M financing for G Mining's Tocantinzinho project and an increased production profile for Yamana Gold's Wasamac project to 250K oz Au annually. Revenue from royalties was $0.5M for Q2 2022, with a net loss of $1.4M. The Royalty portfolio now includes six producing assets, with the first royalty payment from Beaufor Mine expected soon. The company remains optimistic about future production and asset developments.

Metalla Royalty & Streaming Ltd. (MTA, MTAFF) announced the results from its annual general meeting on June 22, 2022. A total of 17,762,749 shares, representing 40% of common shares, were voted. All proposals were approved, including the appointment of nine directors, with 99.23% voting in favor. The company aims to provide leveraged precious metal exposure by acquiring royalties and streams, signaling strong shareholder support. The strategic focus is on increasing share value through a diversified asset portfolio.

Metalla Royalty & Streaming Ltd. has launched a new at-the-market equity program, allowing the sale of up to $50 million in common shares. The Distribution Agreement involves Canadian and U.S. agents, including BMO Nesbitt Burns and BMO Capital Markets. Sales will occur at prevailing market prices, with net proceeds directed towards purchasing streams and royalties, and general working capital. This program, established under a prospectus supplement dated May 2022, will operate until the earlier of the $50 million limit or June 12, 2024.

Metalla Royalty & Streaming Ltd. reported its Q1 2022 results, highlighting a focus on enhancing cash flow through royalty amendments. Key points include an amendment to the 1.0% NSR royalty on the Beaufor Mine, commencing production in late 2022. The company recorded revenue of $0.7 million and a net loss of $2.2 million for the quarter. Metalla's cash margin reached $1,830 per Gold Equivalent Ounce (GEO). Notable asset updates indicate anticipated increased production from the Wharf, Higginsville, and El Realito projects, potentially boosting royalty income.

Metalla Royalty & Streaming Ltd. reported its financial results for the year ending December 31, 2021, showcasing growth through seven new royalty acquisitions, bringing total precious metal assets to 70. Key transactions included a 1.35% royalty on the Côté-Gosselin project for C$7.5 million and a 5% royalty on Castle Mountain for $15 million. The company recognized $3.0 million in revenue, yet reported a net loss of $10.4 million. With significant engagements in various mining projects, including Côté and Castle Mountain, Metalla continues its growth trajectory despite a negative adjusted EBITDA of $1.4 million.

Metalla Royalty & Streaming Ltd. (MTA) has established an Environmental, Social, and Governance (ESG) Committee to enhance its commitment to corporate responsibility. The committee will oversee the company's ESG practices related to its royalty and streaming interests. CEO Brett Heath stated that this move reflects a dedicated focus on ESG principles, which will guide investment decisions. Additionally, the company has granted 47,554 restricted share units to certain directors and officers as recognition for their contributions in 2021.

Metalla Royalty & Streaming Ltd. (MTA) has closed the acquisition of a 5% net smelter return royalty on the South Domes portion of the Castle Mountain Gold mine owned by Equinox Gold Corp. (EQX) on October 1, 2021. The transaction involved an upfront payment of $10 million, with an additional $5 million payable within twenty months at a 4% interest rate. Metalla also completed a C$3 million drawdown under its convertible loan facility with Beedie Capital, which will be used to fund part of the acquisition. This strategic move aims to enhance Metalla's portfolio and shareholder value.

Metalla Royalty & Streaming Ltd. has entered into a Royalty Purchase Agreement to acquire a 5% net smelter return royalty on Equinox Gold Corp.'s Castle Mountain Gold mine for $15 million. This acquisition is expected to provide long-term exposure to significant gold reserves, with Castle Mountain projected to produce over 200,000 ounces annually after its Phase 2 expansion in 2026. Metalla is fully funded for the initial $10 million payment, having raised $11.4 million from recent equity sales under its at-the-market program.

Metalla Royalty & Streaming Ltd. (MTA) reported its financial results for Q2 and H1 of 2021 with a focus on significant acquisition activity. The company closed six new royalty and stream acquisitions, increasing its total precious metal assets to 69. Key transactions included acquiring a 1.35% royalty on the Côté-Gosselin project for C$7.5 million and a 2.5% royalty on La Fortuna for $2.25 million. Revenue from royalties totaled $0.7 million for Q2, with a net loss of $2.7 million. The company announced a new ATM program to raise up to $35 million in common shares.