Metalla Royalty & Streaming Announces Q3 Revenue of $4M, Below Consensus Estimate of $5.01M
Positive Financial Milestone: Metalla achieved its first quarter of positive net income with a net income of $0.6M and an Adjusted EBITDA of $2.9M, marking a record quarter for the company.
Strategic Developments: The company announced an increase in its NSR to 1.50% on the Cote-Gosselin gold asset and highlighted ongoing projects such as rehabilitation at La Parrilla and expansion plans at La Guitarra, positioning itself for long-term growth.
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Tether's Change in Gold Royalties: Implications for Your Investment Portfolio
Tether's Investment Strategy: Tether is investing over $300 million into gold royalties, acquiring significant stakes in companies like Elemental Altus Royalties, to diversify its portfolio and hedge against regulatory risks associated with dollar-backed stablecoins.
Regulatory Landscape: With new U.S. regulations on stablecoins requiring reserves in cash or Treasury bills, Tether's offshore operations in El Salvador may allow it to navigate these rules while preparing for potential restrictions on USDT trading in the U.S. market.
Gold's Growing Importance: Tether's move aligns with a broader trend of central banks and governments increasing their gold reserves, indicating a structural shift in how money is managed globally, with gold becoming a viable alternative to the dollar.
Market Implications: Tether's actions signal a potential future where stablecoins may need to incorporate hard assets like gold, prompting traders to consider the implications of these investments on the intersection of gold and digital currencies.
Galantas Gold Corporation Upsizes Private Placement to C$13.5 Million
- Increased Financing Size: Galantas Gold has upsized its private placement to C$13.5 million due to strong investor demand, with each unit priced at C$0.08.
- Transaction Progress: The company plans to acquire RDL Mining, issuing approximately 132 million common shares, with completion expected in Q4 2025.
