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) 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.
On June 23, 2021, Metalla Royalty & Streaming Ltd. held its annual general meeting, with 17,584,062 shares represented, equating to 41.82% of outstanding common shares. All proposed resolutions were approved, including the appointment of ten directors, with 99.75% voting in favor. Notably, Brett Heath, Lawrence Roulston, and E.B. Tucker received 99.01%, 97.59%, and 99.24% support respectively. Furthermore, the share compensation plan garnered 97.47% approval. Metalla aims to provide shareholders with leveraged exposure to precious metals through a diversified portfolio.
Metalla Royalty & Streaming Ltd. (MTA) has acquired a 1.35% net smelter return royalty on the Côté Gold Project and Gosselin project for C$7.5 million. The Côté project, led by IAMGOLD and Sumitomo, is expected to become one of Canada's largest gold mines, with an annual output of 493Koz and cash costs of US$600/oz. The acquisition allows Metalla to access an estimated 3-5Moz at Gosselin. Additionally, Metalla raised US$5.1 million through its equity program, fully funding the acquisition.
Metalla Royalty & Streaming Ltd. (MTAFF, MTA) reported its Q1 2021 results, showcasing a significant expansion in its royalty portfolio with four transactions adding five development royalties, enhancing net asset value. Key highlights include:
- Total royalties increased to 68 precious metal assets.
- Revenue from royalty interests at $0.7 million.
- Net loss of $2.4 million.
Additionally, Metalla introduced a new at-the-market program aiming to raise up to $35 million, following the termination of the previous program.
Metalla Royalty & Streaming Ltd. (TSXV: MTA, NYSE American: MTA) has appointed Douglas B. Silver as an independent director, effective immediately and pending regulatory approval. Silver brings over 40 years of experience, having overseen US$2 billion in transactions in the precious metals sector. His past achievements include co-founding companies and being inducted into the U.S. National Mining Hall of Fame. The Company also granted 500,000 stock options to management and directors at an exercise price of C$11.73 per share.