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Metalla adds 'the most coveted gold mine in the world' to its portfolio in new royalty agreement

Metalla Royalty & Streaming Ltd (NYSEAMERICAN:MTA) (CVE:MTA) CEO Brett Heath tells Proactive the company has boosted its portfolio with the acquisition of a 2.5% royalty on Kirkland Lake Gold Ltd’s (TSE:KL) (NYSE:KL) Fosterville gold mine in Australia.

Heath says Fosterville produced 619,000 ounces in 2019 at an average grade of 39.6 grams per ton. In 2020, Kirkland Lake is anticipating production of up to 610,000 gold ounces at an operating cost of up to US$150 per ounce. What's more, Heath says Metalla increased its loan facility to over C$32 million to help fund the acquisition of new royalties and streams.

Quick facts: Metalla Royalty & Streaming Ltd

Price: 12.6 CAD

TSX-V:MTA
Market: TSX-V
Market Cap: $467.55 m
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Metalla Royalty and Streaming's unique way of doing business leads to...

Metalla Royalty and Streaming (TSXV: MTA-NYSE American: MTA) President and CEO Brett Heath joined Steve Darling from Proactive to share details about a new deal they have signed to acquire Coeur Mining 1.3875% royalty interest in the operating Wharf mine. Heath discusses that deal with their...

on 25/6/20

2 min read