Metalla Royalty & Streaming Ltd. ( (MTA) ) has released its Q3 earnings. Here is a breakdown of the information Metalla Royalty & Streaming Ltd. presented to its investors.
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Metalla Royalty & Streaming Ltd. is a company focused on gold, silver, and copper royalties and streams, providing shareholders with leveraged exposure to precious and base metals through a diversified portfolio. In its latest earnings report for the third quarter of 2024, Metalla announced significant milestones including the receipt of initial royalty payments from the Tocantinzinho and La Guitarra projects, marking progress in its growth trajectory.
The company reported receiving or accruing payments on 648 attributable Gold Equivalent Ounces (GEOs) at an average realized price of $2,481, while maintaining a low average cash cost of $9 per GEO for the quarter. Total revenue from royalty and stream interests was $1.6 million, with a net loss of $1.2 million and an Adjusted EBITDA of $0.9 million.
Significant production achievements were noted at several projects, including the commercial production milestone at Tocantinzinho and first shipments from La Guitarra. Metalla also highlighted strategic updates, such as the appointment of Jason Cho as President and the introduction of a minimum share ownership policy for its leadership to align with shareholder interests.
Looking ahead, Metalla’s management anticipates continued production scaling in multiple projects, including Amalgamated Kirkland and Endeavor, which are expected to further enhance GEO growth in the coming quarters. The company remains focused on expanding its portfolio and increasing shareholder value through strategic investments and partnerships.
