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

Tesla electric vehicle
March 26 2018
The company is the only ASX-listed primary cobalt player and aims to add value by supplying direct to battery makers.
May 17 2018
W Resources is building a strong position in tungsten
Zinc Pill
April 05 2018
The name change will also mark the exit from Africa to focus solely on Europe

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright ©, 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.