METALLA ANNOUNCES FIRST GOLD PRODUCED AT TOCANTINZINHO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 10 2024
0mins
Source: Newsfilter
- Metalla Royalty & Streaming Ltd. Announcement: G Mining Ventures Corp. has achieved the first gold pour at the Tocantinzinho gold project in Brazil, where Metalla holds a 0.75% Gross Value Royalty.
- Tocantinzinho Project Details: The project is expected to become Brazil's third-largest primary gold mine with a 10+ year mine life and significant resource base growth potential.
- Royalty Acquisition: Metalla acquired the 0.75% GVR on TZ in March 2021 for $9.0 million in cash from a third party, covering the full extent of the deposit.
- Production Progress: Since the start of hot commissioning in June 2024, approximately 77 thousand tonnes of ore have been processed through the plant, with commercial production expected in the second half of 2024.
- Resource Estimates: The reserve and resource estimates as of December 10, 2021, show significant potential with proven reserves, probable reserves, measured resources, indicated resources, and inferred resources.
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Analyst Views on MTA
Wall Street analysts forecast MTA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MTA is 8.07 USD with a low forecast of 7.50 USD and a high forecast of 8.64 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 8.160
Low
7.50
Averages
8.07
High
8.64
Current: 8.160
Low
7.50
Averages
8.07
High
8.64
About MTA
Metalla Royalty & Streaming Ltd. is a Canada-based precious and base metals royalty and streaming company. The Company focuses on acquiring gold, silver, and copper metal purchase agreements, Net Smelter Return (NSR) royalties, Gross Value Return (GVR) royalties, Net Profit Interests (NPI), Gross Proceeds (GP) royalties, Gross Overriding Return (GOR) royalties, Price Participation (PP) royalties, Net Proceeds (NP) royalties, and non-operating interests in mining projects. The Company owns about 100 royalties, streams, and other interests. Six of the royalties and streams are in the production stage, 41 are in the development stage, and the remainder are in the exploration stage. The Company’s streams and royalties include Tocantinzinho, Wharf, Aranzazu, La Guitarra, La Encantada, New Luika, Akasaba West, Amalgamated Kirkland, Aureus East, Hoyle Pond Extension, Timmins West Extension, Castle Mountain, Twin Metals, Vizcachitas, Wasamac, West Wall, Saddle North, and Zaruma, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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