Welcome to our dedicated page for Metalla Royalty news (Ticker: MTA), a resource for investors and traders seeking the latest updates and insights on Metalla Royalty stock.
Metalla Royalty & Streaming Ltd. reports on a precious-metals royalty and streaming business that acquires and manages royalties, streams and other production-based interests. Company updates commonly cover revenue from royalty interests, attributable gold-equivalent ounces, operating cash flow, adjusted EBITDA, balance-sheet actions and portfolio additions.
Recurring news also addresses asset-level developments across gold, silver and copper royalty interests, including the Côté Gold Mine and Gosselin project, La Guitarra, La Parrilla, Endeavor and Castle Mountain. Other updates include annual asset handbook disclosures, Mineral Reserve and Mineral Resource information, completed credit-facility actions, equity or ownership reports and governance matters tied to the company’s TSXV and NYSE American listed common shares.
Metalla Royalty & Streaming Ltd. (MTA, MTAFF) has announced a Royalty Purchase Agreement to acquire royalties on Barrick Gold Corp.'s Lama project for $7.5 million, consisting of cash and shares. The royalties include a 2.5% to 3.75% gross value return on gold and silver, and a 0.25% to 3.0% net smelter return on copper. Barrick is investing $75 million in resource definition at Lama, with promising drill results. A development decision is anticipated in 2024. This transaction enhances Metalla's exposure to a significant gold deposit, boosting potential shareholder value.
Metalla Royalty & Streaming Ltd. (MTA) announced a royalty purchase agreement with First Majestic Silver Corp. on November 26, 2022. This agreement involves Metalla acquiring eight royalties for $20 million in common shares. The transaction highlights include immediate cash flow from the La Encantada gold royalty, the addition of four near-term silver development royalties, and a significant land package of over 175,000 hectares in Mexico. First Majestic will become Metalla's largest shareholder, holding about 8.5% of the company’s shares. The transaction is subject to customary closing conditions and is expected to close in Q1 2023.
Metalla Royalty & Streaming Ltd. reported financial results for the three and nine months ending September 30, 2022. Highlights include receiving its first royalty payments from Agnico Eagle for the El Realito royalty and acquiring a 1.0% NSR royalty on the Lac Pelletier project for C$0.3 million. Revenue for Q3 reached $0.7 million, with a net loss of $2.5 million. Adjusted EBITDA was less than $0.1 million. The company continues to expand its portfolio with significant growth potential from its existing royalties as development progresses at properties like Wasamac and Tocantinzinho.
Metalla Royalty & Streaming Ltd. (TSXV: MTA, NYSE American: MTA) has appointed Mandy Johnston as an independent director and member of the Audit Committee, effective immediately. Johnston brings over 15 years of experience in the mining sector, focusing on financial reporting and compliance. CEO Brett Heath expressed confidence that her skills will bolster Metalla's audit function and support its evolution as a leading precious metals royalty company. The company also granted 605,000 stock options to various stakeholders, with an exercise price of C$5.98 per share.
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.