Sign up USA
Proactive Investors - Run By Investors For Investors

Metalla Royalty and Streaming increases production guidance for silver ounces for fiscal 2018

Gross provisional sales are expected to be between C$8.5mln and C$9.5mln, while net revenue is expected to between C$5.5mln and C$6.5mln.
Metalla Royalty and Streaming increases production guidance for silver ounces for fiscal 2018
Gross provisional sales are expected to be from C$8.5mln to C$9.5mln in fiscal 2018

Metalla Royalty and Streaming Ltd (CNSX:MTA), the precious metals group, forecasts total silver output attributable to the firm for 2018 of between 450,000 and 500,000 ounces.

It came as the company put out its second quarter results to end November.

Gross provisional sales are expected to be from C$8.5mln to C$9.5mln, while net revenue is expected to between C$5.5mln and C$6.5mln.

In the  three months to November 30, Metalla shipped and provisionally invoiced 158,865 attributable silver ounces at an average price of US$17.12 per ounce.

It generated cash margin of US$9.80 per attributable silver ounce from the Endeavor silver stream and New Luika gold mine (NLGM) stream held by Silverback Ltd.

In the  second quarter, revenue from stream interest was around $3.066mln, while the net loss for the period was $440,105 - down from a loss of around $1.013mln in the preceding quarter.

The group held 16,909 attributable silver ounces as inventory on the reporting date to be realized in the subsequent quarter.

View full MTA profile View Profile

Metalla Royalty and Streaming Ltd Timeline

Related Articles

1520437311_Kwale-workers.jpg
August 29 2018
The Kwale mine in Kenya is now a major player in the ilmenite, rutile and zircon markets
1538379178_shutterstock_271669007.jpg
October 01 2018
Best of the grades was 25.5m at 9.4% copper with 5.1 g/t gold
1538719481_shutterstock_145281661.jpg
October 05 2018
Northwest Nonferrous Australia Mining sold the project to De Grey in a transaction for which it will pay another $10.4 million in cash and $3 million in shares.
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