Metalla Reports Financial Results FOR the Second Quarter of Fiscal 2018
(1) Please refer to “Non-IFRS Financial Measures” at the end of this release
METALLA REPORTS FINANCIAL RESULTS
FOR THE SECOND QUARTER OF FISCAL 2018
FOR IMMEDIATE RELEASE CSE: MTA
OTCQX: MTAFF
January 24, 2017
Frankfurt: X9CP
Vancouver, Canada: Metalla Royalty & Streaming Ltd. (“Metalla” or the “Company”) (CSE: MTA)
(OTCQX: MTAFF) (FRANKFURT: X9CP) announced its financial results for the second quarter of 2018.
For complete details of the financial statements and accompanying management's discussion and analysis
for the six months ended November 30, 2017, please see the Company's filings on SEDAR or the
Company's website (www.metallaroyalty.com).
Second Quarter Financial Highlights
During the three months ended November 30, 2017, the Company:
• shipped and provisionally invoiced 158,865 attributable silver oz. at an average price of US$17.12(1)
per oz.; and
• generated cash margin of US$9.80(1) per attributable silver oz. from the Endeavor silver stream and
New Luika Gold Mine (“NLGM”) stream held by Silverback Ltd. (“Silverback”).
• held 16,909 attributable silver ounces (“oz.”) as inventory on the reporting date and to be realized in
the subsequent quarter;
Qualified Person
The technical information contained in this news release has been reviewed and approved by Charles
Beaudry, geologist M.Sc., member of the Association of Professional Geoscientists of Ontario and of the
Ordre des Géologues du Québec and a director of Metalla. Mr. Beaudry is a Qualified Person as defined
in “National Instrument 43-101 Standards of disclosure for mineral projects”.
About Metalla
Metalla is a precious metals royalty and streaming company. Metalla provides shareholders with leveraged
precious metal exposure through a diversified portfolio of royalties and streams. Our strong foundation of
current and future cash generating asset base, combined with an experienced team gives Metalla a path
to become one of the leading gold and silver companies for the next commodities cycle.
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(1) Please refer to “Non-IFRS Financial Measures” at the end of this release.
For further information please visit our website at www.metallaroyalty.com
Contact Information
Metalla Royalty & Streaming Ltd.
Brett Heath, President & CEO
Phone: 604-696-0741
Email: [email protected]
Website: www.metallaroyalty.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE)
accepts responsibility for the adequacy or accuracy of this release.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being
offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities
Act’’), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a
"U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release
is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the
Company in any jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable
Canadian and U.S. securities legislation. The forward-looking statements herein are made as of the date of this press release only
and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions,
future events or results or otherwise, except as required by applicable law.
Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”,
“budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or
variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain
actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press
release includes, but is not limited to, statements with respect to future events or future performance of Metalla, disclosure
regarding the precious metal purchase agreements and royalty payments to be paid to Metalla by property owners or operators
of mining projects pursuant to net smelter returns and other royalty agreements of Metalla, continued ramp-up at the Endeavor
Mine, management’s expectations regarding Metalla’s growth, results of operations, estimated future revenues, carrying value of
assets, future dividends, and requirements for additional capital, production estimates, production costs and revenue, future
demand for and prices of commodities, expected mining sequences, business prospects and opportunities. Such forward-looking
statements reflect management’s current beliefs and are based on information currently available to management.
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(1) Please refer to “Non-IFRS Financial Measures” at the end of this release.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results,
performance or achievements of the Company to be materially different from any future results, performance, or achievements
expressed or implied by the forward-looking statements. The forward-looking statements contained in this press release are based
on reasonable assumptions that have been made by management as at the date of such information and is subject to unknown
risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those
expressed or implied by such forward-looking information, including, without limitation: the impact of general business and
economic conditions; the ongoing operation of the properties in which the Company holds a royalty, stream, or other production-
base interest by the owners or operators of such properties in a manner consistent with past practice; absence of control over
mining operations; the accuracy of public statements and disclosures made by the owners or operators of such underlying
properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; and other risks
and uncertainties disclosed under the heading “Risk Factors” in the Management's Discussion and Analysis of the Company dated
September 28, 2017 filed with the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com.
Although Metalla has attempted to identify important factors that could cause actual actions, events or results to differ materially
from those contained in forward-looking information, there may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such information. Investors are cautioned that forward-looking
statements are not guarantees of future performance. The Company cannot assure investors that actual results will be consistent
with these forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements or
information.
Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward -looking
statements made in this press release are qualified by these cautionary statements.
Non-IFRS Financial Measures
The items marked with a "(1)" are alternative performance measures and readers should refer to non-international financial
reporting standards (“IFRS”) financial measures in the Company's Management's Discussion and Analysis for the six months
ended November 30, 2017 as filed on SEDAR and as available on the Company's website for further details. Metalla has included
certain performance measures in this press release that do not have any standardized meaning prescribed by IFRS including
average cash cost per ounce of attributable silver, average realized price per ounce of attributable silver, and cash margin. Average
cost per ounce of attributable silver is calculated by dividing the cash cost of sales, plus applicable selling charges, by the
attributable ounces sold. In the precious metals mining industry, this is a common performance measure but does not have any
standardized meaning. The Company believes that, in addition to conventional measures prepared in accordance with IFRS,
certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Cash margin is
calculated by subtracting the average cash cost per ounce of attributable silver from the average realized price per ounce of
attributable silver. The Company presents cash margin as it believes that certain investors use this information to evaluate the
Company's performance in comparison to other companies in the precious metals mining industry who present results on a similar
basis. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered
in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate
these non-IFRS measures differently.