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Metalla Announces 2020 First Quarter Results
Metalla Announces 2020 First Quarter Results Canada NewsWire VANCOUVER, Oct. 24,...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"\n\n\n\nMetalla Announces 2020 First Quarter Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Oct. 24, 2019\n\n\n\n(All dollar amounts are in Canadian dollars unless otherwise indicated)\nTSXV: MTAOTCQB: MTAFF\n VANCOUVER, Oct. 24, 2019 /CNW/ - Metalla Royalty & Streaming Ltd. (\"Metalla\" or the \"Company\") (TSXV: MTA) (OTCQB: MTAFF) announces its operating and financial results for the first quarter ended August 31, 2019. For complete details of the consolidated financial statements and accompanying management's discussion and analysis for the quarter ended August 31, 2019, please see the Company's filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). Shareholders are encouraged to visit the Company's website at http://www.metallaroyalty.com/. \n\"In fiscal Q1, we added a key royalty on Fifteen Mile Stream (\"FMS\") that expands our coverage over the entire project with additional ground along strike to the southwest of the resource base,\" commented Brett Heath, President and Chief Executive Officer of Metalla. \"Additionally, we already see very positive drill results with the discovery at Seloam Brook, which is on the newly acquired royalty claims. Further, confirmatory drill results at the 149 zone and between Hudson and Egerton continues to show the potential of significant resource growth at FMS over the next year.\"\n\"Production at Endeavor was in line with the revised schedule from CBH Resources for the quarter, but concentrate shipments were pushed into Q2 due to a planned bulk shipment in October which resulted in Q1 revenue from the mine to be realized in Q2. Exploration success at Agnico Eagle's Santa Gertrudis and El Realito deposits continue to expand the resource base with further drilling and expected updated resource estimate in February 2020.\"\nFINANCIAL HIGHLIGHTS\nDuring the three months ended August 31, 2019, the Company:\nconsolidated its ownership on St. Barbara Ltd.'s (\"St. Barbara\") FMS deposit through the acquisition of a 3.0% net smelter royalty on ...