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Metalla Reports Financial Results for Fiscal Year 2024

Metalla Royalty & Streaming Ltd., a prominent player in the royalty and streaming sector, has announced its operating and financial results for the fiscal year ending December 31, 2024. In an official press release, the company shared its insights regarding production milestones achieved and significant asset updates.

Financial Overview

For the fiscal year 2024, Metalla reported payments accrued on 2,481 attributable Gold Equivalent Ounces (GEOs), with an average realized price of $2,411 per GEO. This was coupled with an average cash cost of $19 per attributable GEO. While the company recognized revenue from its royalty and stream interests amounting to $5.9 million, they also reported a net loss of $5.5 million. Their Adjusted EBITDA stood at $1.4 million, signaling resilience despite the net loss.

CEO Brett Heath commented on the company’s prosperous year, stating, “2024 marked another positive year for Metalla, with first production milestones achieved at Tocantinzinho and La Guitarra.” Looking ahead to 2025, he expressed optimism about the company's growth trajectory, noting Endeavor's anticipated operational commencement, which is expected to contribute to cash flows by the second quarter of 2025.

Key Production Milestones

Metalla successfully achieved production milestones at significant projects during the year, including:

• - Tocantinzinho: The company accrued 424 GEOs from this asset, with G Mining Ventures achieving commercial production. G Mining announced an updated reserve estimate indicating a promising outlook for the project.
• - La Guitarra: Sierra Madre Gold & Silver Ltd. completed its first shipments from this venture, and Metalla accrued 45 GEOs during the fiscal year.
• - Wharf: Metalla reported significant contributions from Wharf with 679 GEOs accrued for 2024, while Coeur Mining anticipated production guidance between 90 to 100 Koz of gold for 2025.
• - La Encantada and Aranzazu: The company continues to receive inputs from these assets, with Aranzazu's successful molybdenum recovery being a highlight.

Navigating through various operating sectors, Metalla is structured to seize potential growth opportunities as various projects prepare to ramp up production, enhancing their portfolio significantly.

Asset Updates

The press release detailed various asset updates that underline Metalla’s commitment to enhancing its resource base. For instance, at Tocantinzinho, exploration initiatives slated for 2025 aim to cost $2 million to continue the depth extension of the deposit. Moreover, G Mining has outlined production forecasts between 175 to 200 Koz for the forthcoming year, showcasing their intent to accelerate production.

At Wharf, Coeur Mining reported substantial upgrades, doubling and tripling their resources while investing in exploration to extend the mine’s lifespan. Similarly, developments at Aranzazu and La Encantada affirm Metalla's strategic focus on extracting value from its resource portfolio with continued investments and updates.

Strategic Insights

The outlook for 2025 seems promising with expectations set to receive payments on 3,500 to 4,500 attributable GEOs. Metalla’s future cash flows are anticipated to come from key projects including Tocantinzinho, Wharf, and Endeavor. These strategic positions allow the company to set itself up for substantial year-over-year growth in GEO production and overall free cash flow.

The management’s proactive approach towards asset management is commendable, seeing the appointment of Chris Beer to the board and the initiation of a minimum share ownership policy aimed at aligning interests between the leadership and shareholders.

Conclusion

In summary, Metalla Royalty & Streaming Ltd. has reported robust performance for the fiscal year 2024, showcasing growth and commitment to advancing its portfolio. With management's visionary leadership combined with promising asset valuations and productions, Metalla appears well-positioned to navigate the mining landscape in 2025 and beyond.