VANCOUVER, B.C., Jan. 24, 2018 (GLOBE NEWSWIRE) -- Metalla Royalty & Streaming Ltd. (“Metalla” or the “Company”) (CSE:MTA) (OTCQX:MTAFF) (FRANKFURT:X9CP) announced its financial results for the second quarter of 2018. For complete details of the financial statements and accompanying management's discussion and analysis for the six months ended November 30, 2017, please see the Company's filings on SEDAR or the Company's website (www.metallaroyalty.com).
Second Quarter Financial Highlights
During the three months ended November 30, 2017, the Company:
- shipped and provisionally invoiced 158,865 attributable silver oz. at an average price of US$17.12(1) per oz.; and
- generated cash margin of US$9.80(1) per attributable silver oz. from the Endeavor silver stream and New Luika Gold Mine (“NLGM”) stream held by Silverback Ltd. (“Silverback”).
- held 16,909 attributable silver ounces (“oz.”) as inventory on the reporting date and to be realized in the subsequent quarter;
Qualified Person
The technical information contained in this news release has been reviewed and approved by Charles Beaudry, geologist M.Sc., member of the Association of Professional Geoscientists of Ontario and of the Ordre des Géologues du Québec and a director of Metalla. Mr. Beaudry is a Qualified Person as defined in “National Instrument 43-101 Standards of disclosure for mineral projects”.
About Metalla
Metalla is a precious metals royalty and streaming company. Metalla provides shareholders with leveraged precious metal exposure through a diversified portfolio of royalties and streams. Our strong foundation of current and future cash generating asset base, combined with an experienced team gives Metalla a path to become one of the leading gold and silver companies for the next commodities cycle.
