- Metalla Royalty & Streaming Ltd (MTA, Financial) reported Q1 2025 revenue of $1.7 million with a net loss of $0.7 million.
- The company received 628 Gold Equivalent Ounces (GEOs) with an average price of $2,855 per GEO and a cost of $11 per GEO.
- Key portfolio updates include significant production at Tocantinzinho and Wharf, alongside extended mine life confirmations and new mining ventures.
Metalla Royalty & Streaming Ltd (MTA) has unveiled its financial results for the first quarter of 2025, reporting revenues of $1.7 million and a net loss of $0.7 million. The company achieved an Adjusted EBITDA of $0.9 million during this period.
The company received 628 Gold Equivalent Ounces (GEOs), achieving an impressive operating cash margin of $2,844 per GEO. These GEOs were attained at an average realized price of $2,855 and a cost of $11 per GEO.
Among the notable updates within Metalla's portfolio, the Tocantinzinho project produced 36 Koz of gold in the first quarter of 2025, while the Wharf project delivered 20.5 Koz of gold. Aranzazu confirmed a 10-year mine life, and La Guitarra commenced mining activities at the higher-grade Coloso mine. These developments underscore the ongoing growth and development within the company’s asset base.
Metalla’s robust exploration and development pipeline includes projects like Côté-Gosselin, Fosterville, and Wasamac, with significant drilling programs set for 2025. Additionally, Endeavor is on track for first ore processing in Q2 2025, poised to contribute significantly to Metalla’s royalty streams.
On the financial front, Beedie Capital converted C$1.5 million of accrued interest into shares at C$3.64 per share, enhancing its stake in Metalla to 10.3%. This transaction is indicative of sustained investor confidence and strategic alignment with Metalla's growth trajectory.
Overall, Metalla Royalty & Streaming Ltd’s diverse portfolio and ongoing asset developments position the company for potential revenue growth despite the immediate financial challenges.
