logo-loader
viewMetalla Royalty and Streaming Ltd

Metalla Royalty and Streaming boosted as CBH Resources adds production in new Endeavor mine plan

Metalla owns a stream on 100% of the byproduct silver. produced from the Endeavor mine

1527609910_shutterstock_176799659.jpg
The new plan includes 1.6mln silver ounces forecasted to be produced through December 2020(1)

Metalla Royalty and Streaming Ltd (CVE:MTA) has been boosted as payee CBH Resources Ltd has added 18 months of production to its previous mine plan at the Endeavor mine in Australia.

The mine was once Australia's largest zinc, lead and silver producer and the site has been operated by CBH since 2003.

The new plan includes 1.6mln silver ounces forecasted to be produced through December 2020(1).

Metalla owns a stream on 100% of the byproduct silver. produced from the Endeavor mine.

The new mine plan provides for three years of production guidance, adding 18 months, after higher metal price assumptions, mainly down to zinc, allowed an increase in the volume of economically viable reserves

"We are extremely encouraged with the success that CBH has had in their recent exploration program with the discovery of the Deep Zinc Lode," said Brett Heath, the president and chief executive.

"Additionally, higher zinc prices will allow CBH to increase their throughput over the next couple of years which should generate higher silver production for Metalla's account and support our plans for a further increase of dividends."

Based on the CBH mine plan, Metalla estimates that future production from Endeavor will be 525,000 ounces of silver in  2018; 755,000 ounces in 2019 and 320,000 ounces in 2020.

Shares in Metalla Royalty stood at C$0.81 at the time of writing

Quick facts: Metalla Royalty and Streaming Ltd

Price: 1.31 CAD

TSX-V:MTA
Market: TSX-V
Market Cap: $176.09 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Metalla Royalty and Streaming Ltd named herein, including the promotion by the Company of Metalla Royalty and Streaming Ltd in any Content on...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Metalla Royalty celebrates 3rd year of operation by passing...

Metalla Royalty and Streaming (CVE:MTA-OTCQB: MTAFF) President and CEO Brett Heath joined Steve Darling from Proactive Vancouver to talk about the company increasing their portfolio to 45 royalties in just three years of operation. Heath also told Proactive about its business model and the...

on 3/10/19

2 min read