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Metalla Announces Production Results and Guidance for Fiscal 2018 and 2019
Metalla Announces Production Results and Guidance for Fiscal 2018 and 2019 Canada ...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"\n\n\n\nMetalla Announces Production Results and Guidance for Fiscal 2018 and 2019\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, June 27, 2018\n\n\n\n(All amounts expressed in Canadian dollars, unless otherwise stated)\n\nTSXV:  MTAOTCQX: MTAFF Frankfurt: X9CP\n\n\n\nVANCOUVER, June 27, 2018 /CNW/ - Metalla Royalty & Streaming Ltd. (\"Metalla\" or the \"Company\") (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) announces preliminary production results for the twelve months ended May 31, 2018 (\"Fiscal 2018\") of 519,791(1) ounces (\"oz.\") of attributable silver (\"Ag\"), where 429,315(1) oz. were sold and provisionally invoiced and 90,476 oz. remained as inventory to be realized in the subsequent quarter. Total production exceeded management guidance expectations for Fiscal 2018. Sales were slightly below expectations primarily due to abnormally high inventory held by the Endeavor mine operator (CBH Resources Limited) at fiscal year-end during its smelter contract re-negotiations. \n\nMetalla expects Fiscal 2018 audited financial statements and MD&A to be released in September 2018.\n\nFISCAL 2019 OUTLOOK\n\nThe Company is forecasting the following for fiscal 2019(2)\n\n\nAttributable silver equivalent production is expected to be 500,000 to 600,000 oz.;\nRevenue is expected to be $9,000,000 to $12,000,000;\nIncrease in production from fiscal 2018 of approximately 10% - 20%; and\nApproximately 95%+ of total revenue expected to be generated from silver.\n\nBrett Heath, Metalla's President & CEO commented, \"Fiscal 2018 marks our first full year of production. Our robust development pipeline and additional future transactions will set the stage an exciting fiscal 2019 for our shareholders. We will continue to grow our Company and focus on the transactions that will translate into the highest per share value for each investor.\"\n\nABOUT METALLA\n\nMetalla is a precious metals royalty and streaming company. Metalla provides shareholders with precious metal exposure through a diversified por...