Metalla Royalty & Streaming – Acquisition Of A Silver Focused Royalty Portfolio From First Majestic Silver
Brett Heath, President and CEO of Metalla Royalty & Streaming (TSX.V:MTA – NYSE:MTA) joins us to recap the November 28th news release reporting an acquisition of a silver royalty portfolio from First Majestic Silver. In total 8 royalties were acquired for $20million is shares, which totals 4,168,056 common shares of Metalla and makes First Majestic a 8.5% shareholder. Of these 8 royalties, 1 is in production, 4 are near term development assets, and 3 are exploration assets.
We have Brett outline how this acquisition came together and the importance of adding these silver royalties to the overall portfolio. We dive into the production and development royalties. We also recap the recent Q3 financial results and where growth will come from next year.
If you have any follow up questions for Brett please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Metalla website and read over the news release highlighting the transaction.
Gold Dips As Dollar, Treasury Yields Bounce On Strong U.S. Economic Data
Carl Surran – SA News Editor – Dec. 05, 2022
“Gold and silver futures fell Monday, as the dollar and U.S. Treasury yields rose on concerns that strong U.S. economic readings may give the Federal Reserve more cause to accelerate interest rate hikes.”
“Comex gold (XAUUSD:CUR) for February 2023 -1.5% to $1,782.70/oz, after touching its highest since July 5 at $1,809.91 earlier in the day, while March Comex silver (XAGUSD:CUR) -3.6% to $22.42/oz.”