Metalla Royalty & Streaming – Q2 Results, Growth Drivers, and Long-Term Portfolio Outlook
In this KE Report update, we’re joined by Brett Heath, CEO of Metalla Royalty & Streaming (TSX.V:MTA & NYSE:MTA), to review the company’s Q2 2025 financial results and discuss where the next phase of growth will come from.
Key Topics Covered:
- Strong Q2 performance: Royalty revenue up 208% YoY to $2.7M, driven by 840 attributable gold equivalent ounces at realized prices of ~$3,289/oz.
- Near-term growth: Royalty revenue set to climb with the Endeavor Mine restart, Amalgamated Kirkland ramp-up, and La Parrilla restart plans.
- Medium-term catalysts: Integration of Goslin at IAMGOLD’s Côté Mine expected to significantly boost value by 2026–2027.
- Long-term optionality: Large-scale development assets such as Equinox’s Castle Mountain, Hudbay’s Copper World, and G Mining’s Gurupi Project advancing toward production later this decade.
- M&A landscape: How rising cash flows across the sector are reshaping opportunities for growth-focused royalty companies.
- Strategic outlook: Balancing use of credit facilities vs. equity to pursue larger, cash-flowing acquisitions and aiming for $100M+ in annual revenue by the end of the decade.
Hi CaliJoe. We have invited guests on in the past that are more active in the crypto and FinTech space, as well as some companies actually operating in that space, and they’ve not really tracked well with our audience, (which is far more geared around the commodities sector and resource stocks). In fact, some listeners left negative comments on our blog and on YouTube for even canvasing the crypto sector in the first place, because many see it as a “greater fool” space with little substance.
Regardless, we do still have some of our generalist special guests weigh in on the crypto space quite regularly, and have had recent comments on the cryptoverse from TG Watkins, Mike Larson, Dana Lyons, Joel Elconin, and Rick Bensignor. Are you not hearing our repeated questions and their periodic comments on Bitcoin, Ethereum, and even on the crypto miners?
Those very same guests, along with others not aforementioned (such as Marc Chandler, Nick Hodge, Sean Brodrick, Jesse Felder, Chris Temple, Peter Boockvar, etc..), also discuss many other sectors outside of just gold and silver, or even just commodities, getting into tech & communication stocks, financial stocks, defense stocks, healthcare stocks, consumer staples, and many other sectors… not to mention moves in currencies, bonds, and international markets.
>> Again, those segments and topics don’t seem to get as much traction as the commodities segments do, since this platform has been focused on hard assets and resource investing for the last 3 decades.
Additionally, we cover far more than just gold and silver in the universe of commodities (if one is paying attention), and routinely feature copper, uranium, lithium, rare earths, critical minerals, oil, and nat gas companies and commentary. So, there is a lot more than gold and silver featured on the KE Report.
—> Look at the last weekend show we just had, which featured Mike Larson (covering a range of market sectors, only very briefly touching upon the PMs) and Dan Steffens, focused on the fundamentals and companies in oil and nat gas.
Listen up, you guys have to listen to this: Goldfinger and Bob Moriarty talk about HydroGraph and they say it is one of the most interesting developments in History. At around the 40 minute mark. LOL! DT
It could be? Do you want to wait or not? The market is always a conundrum. Listen to what they say about Rackla Mining (RAK) Simon Ridgway’s project in The Yukon another of my favorites. DT
Shad and Cory,
Guys, why don’t you invite guests from crypto space? Gold and silver are great but there’s so much happening in other areas as well.