Recent Portfolio Developments by Metalla Royalty & Streaming Ltd.
Metalla Royalty & Streaming Ltd. (NYSE American: MTA; TSXV: MTA) has recently shared noteworthy updates regarding its royalty portfolio. They've highlighted critical advancements across several key projects, presenting a robust outlook for the company and its investors.
Wharf Mine - A Significant Upsurge in Resources
Metalla holds a 1.0% Gross Value Return (GVR) royalty on Coeur Mining, Inc.'s Wharf Mine located in Black Hills, South Dakota. A recent announcement from Coeur revealed that optimization efforts have led to a major increase in mineral resources. As of now, the Wharf Mine boasts Proven and Probable Reserves totaling 757,000 ounces of gold at 0.81 g/t, with Measured Resources at 175,000 ounces at 0.53 g/t, Indicated Resources amounting to 845,000 ounces at 0.53 g/t, and Inferred Resources at 470,000 ounces at 0.56 g/t. This expansion significantly enhances the mine's potential for prolonged operations and elevated production levels in the coming years.
Endeavor Project - Funding Secured for Growth
In Cobar, Australia, Metalla holds a 4.0% Net Smelter Return (NSR) royalty on Polymetals Resources Ltd.'s Endeavor Mine. The company has recently announced a capital raise of A$35 million, aimed at fortifying their financial position as they gear up for production slated to begin in Q2 2025. The anticipated restart of the Endeavor Mine is positioned to yield first production by April 2025, further generating cash flow by May 2025. This influx of capital will empower Polymetals to expedite exploratory activities both near the mine and regionally, enhancing the overall project portfolio.
Taca Taca Project - Milestones Achieved
Metalla owns a 0.42% NSR royalty on First Quantum Minerals' Taca Taca project in Salta, Argentina. Recent advancements were reported where key environmental and social impact assessment milestones were accomplished in Q4 2024. First Quantum is actively preparing an updated technical report for Taca Taca, alongside plans to apply for a new investment incentive regime. This proactive approach is expected to foster growth and development in the project's future phases.
Wasamac Mine - Initial Reserves Declared
In Canada, Metalla has a 1.5% NSR royalty on Agnico Eagle Mines Limited's Wasamac Mine, near Rouyn-Noranda. Agnico recently announced an initial declaration of Proven and Probable Reserves tallying 1.38 million ounces of gold at an average grade of 2.9 g/t. This announcement marks a significant milestone, being the first reserve declaration since Agnico's acquisition of the site in 2023. They plan to invest US$2.3 million in drilling efforts to further evaluate the mine's potential and strategies.
Hoyle Pond - New Management
Metalla's 2.0% NSR royalty on Discovery Silver Corporation's Hoyle Pond project is also noteworthy. Discovery Silver has taken steps to acquire Newmont Corporation's Porcupine complex, which includes the Hoyle Pond underground mine. This acquisition brings fresh insights and a new operational strategy to enhance production efficiency and extend the life of the mine.
Amalgamated Kirkland - Production Guidance Released
Lastly, Metalla holds a 0.45% NSR royalty on Agnico's Amalgamated Kirkland project. Agnico revealed that ore from this project will be processed at the LZ5 mill at LaRonde starting in Q4 2025. The anticipated production output from this deposit is projected to be approximately 10,000 ounces of gold in 2025, while outputs are expected to rise to between 50,000 and 60,000 ounces in both 2026 and 2027.
In summary, Metalla Royalty & Streaming Ltd.'s recent portfolio updates signal a positive trajectory for the company, with significant increases in mineral resources and positive financial maneuvers across its various projects. These advancements not only bolster investor confidence but are poised to contribute to Metalla's long-term strategic goals of becoming a leading player in the royalty sector.
Wharf Mine - A Significant Upsurge in Resources
Metalla holds a 1.0% Gross Value Return (GVR) royalty on Coeur Mining, Inc.'s Wharf Mine located in Black Hills, South Dakota. A recent announcement from Coeur revealed that optimization efforts have led to a major increase in mineral resources. As of now, the Wharf Mine boasts Proven and Probable Reserves totaling 757,000 ounces of gold at 0.81 g/t, with Measured Resources at 175,000 ounces at 0.53 g/t, Indicated Resources amounting to 845,000 ounces at 0.53 g/t, and Inferred Resources at 470,000 ounces at 0.56 g/t. This expansion significantly enhances the mine's potential for prolonged operations and elevated production levels in the coming years.
Endeavor Project - Funding Secured for Growth
In Cobar, Australia, Metalla holds a 4.0% Net Smelter Return (NSR) royalty on Polymetals Resources Ltd.'s Endeavor Mine. The company has recently announced a capital raise of A$35 million, aimed at fortifying their financial position as they gear up for production slated to begin in Q2 2025. The anticipated restart of the Endeavor Mine is positioned to yield first production by April 2025, further generating cash flow by May 2025. This influx of capital will empower Polymetals to expedite exploratory activities both near the mine and regionally, enhancing the overall project portfolio.
Taca Taca Project - Milestones Achieved
Metalla owns a 0.42% NSR royalty on First Quantum Minerals' Taca Taca project in Salta, Argentina. Recent advancements were reported where key environmental and social impact assessment milestones were accomplished in Q4 2024. First Quantum is actively preparing an updated technical report for Taca Taca, alongside plans to apply for a new investment incentive regime. This proactive approach is expected to foster growth and development in the project's future phases.
Wasamac Mine - Initial Reserves Declared
In Canada, Metalla has a 1.5% NSR royalty on Agnico Eagle Mines Limited's Wasamac Mine, near Rouyn-Noranda. Agnico recently announced an initial declaration of Proven and Probable Reserves tallying 1.38 million ounces of gold at an average grade of 2.9 g/t. This announcement marks a significant milestone, being the first reserve declaration since Agnico's acquisition of the site in 2023. They plan to invest US$2.3 million in drilling efforts to further evaluate the mine's potential and strategies.
Hoyle Pond - New Management
Metalla's 2.0% NSR royalty on Discovery Silver Corporation's Hoyle Pond project is also noteworthy. Discovery Silver has taken steps to acquire Newmont Corporation's Porcupine complex, which includes the Hoyle Pond underground mine. This acquisition brings fresh insights and a new operational strategy to enhance production efficiency and extend the life of the mine.
Amalgamated Kirkland - Production Guidance Released
Lastly, Metalla holds a 0.45% NSR royalty on Agnico's Amalgamated Kirkland project. Agnico revealed that ore from this project will be processed at the LZ5 mill at LaRonde starting in Q4 2025. The anticipated production output from this deposit is projected to be approximately 10,000 ounces of gold in 2025, while outputs are expected to rise to between 50,000 and 60,000 ounces in both 2026 and 2027.
In summary, Metalla Royalty & Streaming Ltd.'s recent portfolio updates signal a positive trajectory for the company, with significant increases in mineral resources and positive financial maneuvers across its various projects. These advancements not only bolster investor confidence but are poised to contribute to Metalla's long-term strategic goals of becoming a leading player in the royalty sector.
Topics Financial Services & Investing）
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