#Canada #Vancouver #Metalla Royalty #Copper World #Endeavor Mine

Metalla Reports Financial and Operational Updates for Q2 2025

On August 14, 2025, Metalla Royalty & Streaming Ltd. announced its financial performance for the second quarter of 2025, revealing notable accomplishments in its growth trajectory. The Company, traded on the TSXV under the symbol MTA and also on the NYSE American as MTA, has demonstrated resilience and adaptability in the evolving mining landscape.

Brett Heath, Metalla's CEO, emphasized the importance of this quarter, noting the successful establishment of a revolving credit facility and the recommissioning of the Endeavor Mine, both key strategies to enhance the Company’s operational flexibility and financial robustness. The revolving credit facility, which totals up to $40 million, includes an accordion feature allowing for an additional $35 million. This financial maneuver not only reduces the cost of capital but also significantly augments the Company’s ability to scale its operations.

Metalla has reported a revenue of $2,695,000 from its royalty interests for the three months concluding on June 30, 2025, marking a substantial increase from the $875,000 reported in the same period of 2024. Furthermore, the adjusted EBITDA for this quarter stood at $1,485,000, a remarkable rise from $165,000 year-over-year. Although the Company faced a net loss of $1,603,000, this was a marginal increase compared to the loss of $1,491,000 in the prior year, showcasing Metalla's focus on long-term growth.

In July, the Endeavor Mine initiated its production phase, yielding 5,398 dry metric tonnes of silver-lead concentrate while successfully meeting its operational cost targets in its debut month of operation. The Company anticipates receiving its first cash flows from this mine in the third quarter. Furthermore, key developments were noted in other projects, including the advancement of the Copper World project, for which Hudbay Minerals has secured a strategic investment from Mitsubishi Corporation, reflecting high confidence in its potential.

Company Highlights

During this quarter, several key initiatives and milestones were achieved:

• - On June 24, 2025, Metalla entered into a credit agreement with the Bank of Montreal and National Bank Financial, securing a revolving credit facility totaling $40 million, which bolsters the Company’s financial standing.
• - The 2025 Asset Handbook was released on June 26, providing comprehensive details on the Company’s gold, silver, and copper royalties and streams, along with mineral reserve data. This document is accessible on Metalla’s official website.
• - In a pivotal announcement from Polymetals Resources on July 9, it was confirmed that the Endeavor Mine and its processing plant were successfully refurbished, with the first concentrate shipment taking place shortly after.
• - On August 11, Equinox Gold Corp. announced that its Castle Mountain Mine Phase 2 project, which has gained acceptance into the FAST-41 program, stands to benefit from expedited regulatory processes, providing clarity and efficiency for major projects.
• - Additionally, Hudbay Minerals announced a critical $600 million investment from Mitsubishi Corporation for a 30% joint venture interest in the Copper World project, further solidifying its operational framework and investment strategy.

Financial Metrics

The financial metrics indicate not only robust growth but also effective cost management:

• - Revenue from royalty interests surged to $4,416,000 for the six months ending June 30, a significant increase compared to the previous year’s figure of $2,130,000.
• - The average realized price per attributable Gold Equivalent Ounce (GEO) rose to $3,289 compared to $2,332 in 2024, showcasing the Company’s improved pricing power in the current market.
• - The operational cash margin per attributable GEO has also increased, reflecting Metalla’s commitment to enhancing profit margins even amidst expansion efforts.

Asset Updates

Key updates on projects affiliated with Metalla include:

• - Tocantinzinho: G Mining Ventures reported second-quarter gold production of 42.6 Koz, achieving plant capacity, with Metalla accruing 309 GEOs.
• - Wharf: Coeur Mining noted a 24.1 Koz gold production, with Metalla accruing 279 GEOs this quarter.
• - Aranzazu: Aura Minerals reported an increase in production to 22,281 GEOs, attributing growth to higher grades. Metalla accrued 175 GEOs from this asset.
• - La Guitarra: Sierra Madre Gold Silver announced funding for expansion while Metalla accrued 30 GEOs from this asset.

Future Outlook

With solid operational foundations and financial metrics, Metalla is poised for a promising trajectory heading into the latter half of 2025. The Company remains focused on leveraging its asset portfolio, increasing cash flows, and ultimately creating long-term shareholder value through disciplined management and innovative growth strategies. The pipeline of projects in various stages of development indicates that Metalla is well-positioned to capitalize on market opportunities and drive shareholder returns in the evolving mining landscape.