お知らせ • Feb 23
Metalla Royalty & Streaming Ltd. Reports the Recent Developments in Its Royalty Portfolio
Metalla Royalty & Streaming Ltd. reported the following recent developments in its royalty portfolio: Wharf (1.0% GVR) - Gold Measured and Indicated Resources more than doubled; Gold Inferred Resources more than tripled. Endeavor (4.0% NSR) - Production on track for second quarter 2025 with AUD 35 million equity capital raise funding secured for the growth of Endeavor Mine.Taca Taca (0.42% NSR) - Key ESIA milestones met in fourth quarter 2024 and updated NI 43-101 in progress ahead of expected RIGI incentive regime application. Wasamac (1.5% NSR) - Initial declaration of Mineral Reserves with further technical evaluation and exploration ongoing. Hoyle Pond (2.0% NSR) - New operator brings fresh perspective to exploration. WHARF (1.0% GVR): Metalla holds a 1.0% Gross Value Return ("GVR") royalty on Coeur Mining Inc.'s ("Coeur") Wharf Mine ("Wharf") in the Black Hills, South Dakota, USA. On February 18, 2025, Coeur announced that mine optimization initiatives drove a substantial increase in Mineral Resources, positioning Wharf for significant mine life extensions as infill drilling is expected to accelerate in 2025. At year end, Proven and Probable Reserves totaled 757 Koz at 0.81 g/t gold, Measured Resources totaled 175 Koz at 0.53 g/t gold, Indicated Resources totaled 845 Koz at 0.53 g/t gold and Inferred Resources totaled 470 Koz at 0.56 g/t gold. ENDEAVOR (4.0% NSR): Metalla holds a 4.0% Net Smelter Return ("NSR") royalty on Polymetals Resources Ltd. ("Polymetals") Endeavor project ("Endeavor") in Cobar, Australia. On February 10, 2025, Polymetals announced a AUD 35 million single-tranche equity capital raise to strengthen the balance sheet as Polymetals transitions towards first production at the Endeavor Mine in second quarter 2025. Polymetals also stated they will accelerate near-mine and regional exploration activities. With a pro forma cash position of approximately AUD 37 million and access to ~AUD 26 million in undrawn debt finance facilities, Polymetals is well positioned for the capital required for the near-term Endeavor mine restart. Polymetals continues to reiterate that first production is expected in April 2025 and first cash flows in May 2025. TACA TACA (0.42% NSR): Metalla holds a 0.42% NSR Royalty on First Quantum Minerals ("First Quantum") Taca Taca project ("Taca Taca") in Salta, Argentina. On February 11, 2025, First Quantum reported that key ESIA milestones were met during the fourth quarter 2024, including an independent evaluation by SEGEMAR (Argentinian Geological and Mining Service). The ESIA continues to be reviewed by the Secretariat of Mining of Salta Province. First Quantum is preparing an update of the Taca Taca's NI 43-101 Technical Report, and plans to submit an application for the RIGI regime, a new incentive regime for large investments. WASAMAC (1.5% NSR): Metalla holds a 1.5% NSR royalty on Agnico Eagle Mines Limited's ("Agnico") Wasamac Mine ("Wasamac") near Rouyn-Noranda, Canada. On February 13, 2025, Agnico reported the initial declaration of Proven and Probable Mineral Reserves of 1.38 Moz at 2.9 g/t gold, an Indicated Resource of 667 Koz at 2.19 g/t gold (exclusive) and Inferred Resources were 312 Koz at 1.65 g/t gold. This is the first declaration of Mineral Reserves by Agnico at Wasamac since its acquisition from Yamana Gold Inc. in 2023. Agnico reported that it plans to spend $2.3 million for 10,000 meters of drilling at Wasamac in 2025 and an additional $6.8 million is expected to be spent in 2025 for further technical evaluation to assess various scenarios regarding optimal mining rates and milling strategies. HOYLE POND (2.0% NSR): Metalla holds a 2.0% NSR royalty on a portion of Discovery Silver Corporation's ("Discovery Silver") planned acquisition of the Hoyle Pond mine ("Hoyle Pond"). On January 27, 2025, Discovery Silver announced the acquisition of Newmont Corporation's Porcupine complex, including the Hoyle Pond Underground mine. Discovery Silver outlined significant opportunities that exist to grow production, reduce costs and extend mine life at Hoyle Pond through improved ventilation systems, material handling and backfill systems, and increased automation. In addition, Discovery Silver plans to evaluate zones of mineralization that currently do not have Mineral Resource estimates and were not included in the life-on-mine plan, specifically the TVZ Zone. Metalla's 2.0% NSR royalty covers the main production zone called the S Vein and portions of the TVZ zone, subject to a 500 koz gold exemption. Metalla also holds a 2.0% NSR royalty on a claim block which partially covers the TVZ Zone, which is not subject to the exemption. AMALGAMATED KIRKLAND (0.45% NSR): Metalla holds a 0.45% NSR royalty on Agnico's Amalgamated Kirkland project ("AK") near Kirkland Lake, Canada. On February 13, 2025, Agnico announced that AK ores will be processed at the LZ5 mill at LaRonde beginning in the fourth quarter of 2025. Production from the AK deposit is forecast to be approximately 10 Koz gold in 2025, and 50 - 60 Koz gold in 2026 and in 2027.