logo-loader
Metalla Royalty and Streaming Ltd

Metalla Royalty's losses narrow sharply as revenue soars

Cash used by the company in financing activities during the three months period totaled C$368,082, most of which was accounted for by dividend payments.

Chemical symbol for silver
Revenue is expected to fall somewhere between C$9mln and C$12mln, with roughly 95% of total revenue derived from silver.

Metalla Royalty and Streaming Ltd (CVE:MTA) was profitable at the pre-tax level in the three months to the end of August.

The investment company focused on royalty and revenue streams from investments in the mining sector made a pre-tax profit of C$79,229, compared to a loss of C$994,218 in the same period of 2017.

The loss after tax narrowed substantially to C$312,031 from C$1.01mln as revenue shot up to C$3,9mln from C$672,078 the previous year.

READ Metalla Royalty and Streaming shares nudge higher as it grows revenue and cash flow​

Adjusted underlying earnings (EBITDA) was positive, at C$1.73mln versus a loss the year before of C$79,270.

During the quarter, the company shipped and provisionally invoiced 221,433 attributable silver ounces (oz.) at an average realized price of US$15.48 (2017: US$16.78) and an average cash cost of US$6.52 (2017: US$7.09) per oz.

The company said total attributable silver production for the full-year is expected to be somewhere between 500,000 and 600,000 oz.

Revenue is expected to fall somewhere between C$9mln and C$12mln, with roughly 95% of total revenue derived from silver.

Quick facts: Metalla Royalty and Streaming Ltd

Price: $1.21

Market: TSX-V
Market Cap: $147.07 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

Metalla Royalty and Streaming set up for success after growing portfolio to...

Metalla Royalty and Streaming (CVE:MTA-OTCQB: MTAFF) President and CEO Brett Heath joined Steve Darling from Proactive Investors Vancouver to provide an update on what has been a very busy past few months. Heath Telling proactive about the assets they have in their portfolio, the price...

on 19/7/19

2 min read