- Franco-Nevada's $1.05 billion acquisition highlights the potential of Metalla's 1.35% NSR royalty on the Gosselin deposit.
- The Endeavor Mine is set to generate first cash flows in June 2025 with a targeted processing rate of 65 kt per month.
- Joaquin project's recent drilling confirmed significant mineralization extensions with notable silver-equivalent intercepts.
Metalla Royalty & Streaming Ltd. (MTA, Financial) has reported significant updates in its royalty portfolio, accentuated by Franco-Nevada's $1.05 billion acquisition of a gross margin royalty on the Côté & Gosselin project. Metalla holds a 1.35% Net Smelter Return (NSR) royalty covering the Gosselin deposit, affirming strong third-party confidence in its value and potential for expansion, including plans to enhance milling capacity from 13 Mtpa to 20 Mtpa.
At the Endeavor Mine, where Metalla maintains a 4.0% NSR royalty, progress continues with initial cash flow expected in June 2025. The targeted processing rate for the second half of 2025 is set at 65 kt of ore per month, underpinning Metalla's future revenue stream. Mining operations are currently active with over 40 kt of ore already stockpiled.
The Joaquin project, where Metalla holds a 2.0% NSR royalty, has also shown promising developments. Recent drilling results have confirmed significant extensions to the La Negra deposit, including notable intercepts such as 23 meters at 268 g/t AgEq, highlighting potential resource growth.
These portfolio advancements signal a robust trajectory for Metalla, with tangible progress towards enhancing its cash flow and market presence. The developments at Côté & Gosselin, Endeavor, and Joaquin collectively bolster Metalla's status and future prospects in the precious metals royalty space.
