Sign up USA
Proactive Investors - Run By Investors For Investors

Metalla Royalty and Streaming flags up progress at Pan American Silver's Joaquin project

Metalla has a 2% net smelter royalty on production from Joaquin
Bar of silver
That's what I call a silver lining!

Metalla Royalty and Streaming Ltd (CNSX:MTA) has moved a step closer to receiving royalties from the Joaquin project being developed by Pan American Silver Corp.

Pan American (NASDAQ:PAAS) revealed yesterday it has finalized a preliminary feasibility study on the La Morocha deposit, which is part of the Joaquin project, located in Santa Cruz, Argentina.

The study recommends the development of the La Morocha deposit as an underground mine, with processing to occur at Pan American's Manantial Espejo mill.

Based on the results of a preliminary feasibility study, Pan American has approved a capital investment of roughly US$37.8 million to construct the La Morocha underground mine and fund activities up to the point of commercial production.

“The Joaquin royalty will be a great addition to Metalla's existing producing portfolio when it comes online. Shareholders should benefit from an annualized 17% increase in production starting in 2019, cash flow and geographical diversification, and add a top tier operator,” said Brett Heath, the president and chief executive officer of Metalla.

“The preliminary feasibility study only represents a small part of the overall potential of Joaquin. The investment by Pan American shows their commitment and confidence in the Joaquin project, and it looks to hold a significant amount of potential for future years past 2021,” Heath added.  

View full MTA profile View Profile

Metalla Royalty and Streaming Ltd Timeline

Related Articles

a person sampling at the Berenguela Central prospect
April 04 2018
The company's shares are trading about 8% higher intra-day, at 1.4 cents.
shutterstock_545176450-(1).jpg
June 23 2017
There is of course a big buzz around lithium these days...
Drilling at Coglia Well
May 09 2018
Pending exploration results combined with those from a second drill program should allow the company to establish a resource estimate.
Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use