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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: LoneClone	11/15/2024 5:16:35 PM
	of 78403

MTA, OGC Metalla Royalty & Streaming aka MTA announced its Q3 results. With the start of production at two new streams during the quarter, deliveries increased to 648 Gold Equivalent Ounces (GEOs) at a cash cost of $9/GEO, With those two operations ramping up to full production in the coming months and two more streams scheduled to come on line by the middle of next year, the number og\f GEOs should increase accordingly. The company still expects they can meet the low end of 2024 guidance of 2.5-3.5 GEO, though this depends largely on the timing on those new streams. MTA did manage to finish the quarter with a cash balance of $10.2M, but that is down from last quarter. Let's hope they can start generating cash before they have to do another PP. Message 34909502 FWIW, in response Scotia released a new analyst report on MTA that called the results 'largely in line'. They kept Metalla at Market Perform with a target of $7. FWIW, in the wake of OceanaGold aka OGC releasing new drill results from its Wharekirauponga project in New Zealand, Scotia issued a new analyst report. Highlighting the resource growth to come as these and coming drill results from the EG Vein are incorporated into the calculations, Scotia kept OGC at Outperform with a target of $4.75.

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