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Metalla Reports Financial Results For the First Quarter of Fiscal 2019
Metalla Reports Financial Results For the First Quarter of Fiscal 2019 Canada News...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"\n\n\n\nMetalla Reports Financial Results For the First Quarter of Fiscal 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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Oct. 25, 2018\n\n\n\nTSXV:  MTA OTCQX: MTAFF Frankfurt: X9CP\n VANCOUVER, Oct. 25, 2018 /CNW/ - Metalla Royalty & Streaming Ltd. (\"Metalla\" or the \"Company\") (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) announces its financial results for the first quarter of fiscal 2019. For complete details of the condensed interim consolidated financial statements and accompanying management's discussion and analysis for the three months ended August 31, 2018, please see the Company's filings on SEDAR or the Company's website (http://www.metallaroyalty.com/). \n\n \n \n\n \n\"Metalla had a strong first quarter of fiscal 2019 highlighted by record revenue from our streaming interests\" commented Brett Heath, President and CEO of Metalla \"We were also pleased to complete the acquisition of the Garrison royalty which complements our portfolio of high-quality assets with strong counterparties.\" \nFIRST QUARTER FINANCIAL HIGHLIGHTS\nDuring the three months ended August 31, 2018, the Company:\nshipped and provisionally invoiced 221,433 attributable silver ounces (\"oz.\") at an average realized price of US$15.48 (2017 - US$16.78) and average cash cost of US$6.52 (2017 - US$7.09) per oz. (see non-IFRS Financial Measures);recognized revenue from stream interest of $3,900,301 (2017 - $672,078), income from operations of $244,313 (2017 - loss of $954,719), net loss of $312,031 (2017 - $1,013,686), and adjusted EBITDA of $1,731,581 (2017 - $79,270) (see non-IFRS Financial Measures);recorded cash flow from operating activities, before net change in non-cash working capital items, of $1,322,771 (2017 - negative $38,794), resulting in working capital of $5,990,000 (May 31, 2018 - $4,661,792);had 41,415 attributable silver oz. remaining and to be sold in subsequent periods;generated operating cash margin of US$8.96 (2017- US$9.69) per attributable silver oz. from the Endeavor silver stream and New Luika Gold Mine (\"NLGM\") s...