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Metalla Completes Fosterville Mine Royalty Acquisition
Metalla Completes Fosterville Mine Royalty Acquisition Canada NewsWire VANC...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"MetallaFostervilleAcq\n \n \n \n Metalla Completes Fosterville Mine Royalty Acquisition\n \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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Sept. 28, 2020\n \n \n \n \n \n \n TSXV:\n \n MTA\n \n \n NYSE AMERICAN:\n \n MTA\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Sept. 28, 2020\n \n /CNW/ - Metalla Royalty & Streaming Ltd. (\"\n \n Metalla\n \n \" or the \"\n \n Company\n \n \") (TSXV: MTA) (NYSE American: MTA) is pleased to announce that, further to its news release dated\n \n July 27, 2020\n \n , it has completed the previously announced acquisition of a 2.5% net smelter return royalty interest on the northern and southern portions of Kirkland Lake Gold Ltd.'s (\"\n \n \n Kirkland Lake\n \n \n \") (NYSE: KL) (TSX:KL) operating\n \n Fosterville\n \n mine (\"\n \n \n Fosterville\n \n \n \") for total consideration of\n \n A$6.0 million\n \n , consisting of\n \n A$2.0 million\n \n in cash and the issuance of 467,730 Metalla common shares.\n \n \n \n \n \n \n \n \n \n \n Fosterville\n \n is a high-grade, low cost underground gold mine in\n \n Victoria, Australia\n \n which has been in production since 2005. In 2019,\n \n Fosterville\n \n produced 619koz gold at a grade of 39.6 g/t and a cash cost of\n \n US$119\n \n /oz and AISC of\n \n US$291\n \n /oz.\n \n Kirkland Lake\n \n recently reissued its guidance for 2020 at\n \n Fosterville\n \n where it anticipates producing 590 – 610koz of gold at an operating cost of\n \n US$130\n \n -\n \n US$150\n \n /oz of gold\n \n (1)\n \n .\n \n \n Recent drilling in the Harrier system continued to return encouraging results, demonstrating a sustained growth opportunity down dip and in the southern extensions. New drilling ret...