logo-loader
viewMetalla Royalty & Streaming Ltd

Metalla adds 'the most coveted gold mine in the world' to its portfolio in new royalty agreement

Metalla Royalty & Streaming Ltd (NYSEAMERICAN:MTA) (CVE:MTA) CEO Brett Heath tells Proactive the company has boosted its portfolio with the acquisition of a 2.5% royalty on Kirkland Lake Gold Ltd’s (TSE:KL) (NYSE:KL) Fosterville gold mine in Australia.

Heath says Fosterville produced 619,000 ounces in 2019 at an average grade of 39.6 grams per ton. In 2020, Kirkland Lake is anticipating production of up to 610,000 gold ounces at an operating cost of up to US$150 per ounce. What's more, Heath says Metalla increased its loan facility to over C$32 million to help fund the acquisition of new royalties and streams.

Quick facts: Metalla Royalty & Streaming Ltd

Price: 12.6 CAD

TSX-V:MTA
Market: TSX-V
Market Cap: $467.55 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Metalla Royalty & Streaming Ltd named herein, including the promotion by the Company of Metalla Royalty & Streaming Ltd in any Content on the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Metalla announces maiden dividend and record quarterly production

Brett Heath, president and CEO of Metalla Royalty and Streaming Ltd (CNSX:MTA) and independent director E.B. Tucker caught up with Proactive after announcing record quarterly production for the three months to the end of November. 158,865 ounces of silver was shipped and provisionally...

on 13/12/17

2 min read