Metalla Announces Record Quarterly Production, Monthly Dividend, and Raised Guidance
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METALLA ANNOUNCES RECORD QUARTERLY PRODUCTION, MONTHLY
DIVIDEND, AND RAISED GUIDANCE
FOR IMMEDIATE RELEASE CSE: MTA
OTCQX: MTAFF
December 12, 2017
Frankfurt: X9CP
Vancouver, British Columbia: Metalla Royalty & Streaming Ltd. (“Metalla” or the “Company”) (CSE:
MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) announces preliminary production results for the three
months ended November 30, 2017 (“Q2”) of 158,865 ounces (“oz.”) of silver (“Ag”) shipped and
provisionally invoiced. In addition, Metalla held 25,906 oz. Ag of attributable inventory at the end of the
quarter, to be realized in the subsequent quarter. Metalla expects Q2 financial statements and MD&A to
be released in January 2018.
DIVIDEND
Metalla is ple ased to announce that its board of directors has approved and declared a monthly cash
dividend payment of CAD$ 0.001 per share on its common shares for the upcoming quarter (subject to
any applicable tax withholding obligations). The monthly record and pay ment date is set out in the table
below starting in January 2018, and will be made to shareholders of record as set out below. The Company
plans to expand this dividend over the calendar year of 2018, with the goal of paying out 50% of its after
tax and G&A operating cash flow. It is the intention of the Company that the dividend amount will be linked
to the gold and silver price and operating cash flow the Company’s royalties and streams generate. It will
be adjusted quarterly to represent any new cash flowing assets currently under development and to reflect
any changes in the gold and silver price.
DIVIDEND SCHEDULE
Record Date Payment Date Payment Amount ($CAD)
January January 3, 2018 January 15, 2018 $0.001
February February 1, 2018 February 15, 2018 $0.001
March March 1, 2018 March 15, 2018 $0.001
In the future, and assuming compliance with all applicable securities laws, the Company plans to offer a
Dividend Reinvestment Plan (“DRIP”) once it reaches certain requirements to efficiently provide the DRIP
to all of its shareholders globally.
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GUIDANCE
Metalla is raising its production guidance for its fiscal year ended May 31, 2018 to 450,000 to 500,000 oz.
of Ag from its previously stated 400,000 to 470,000 oz. of Ag. This is primarily due to higher silver
production and recoveries at the Endeavor M ine. The operator is also engaged in an active exploration
and expansion drilling program with the goal of increasing the life of mine.
Brett Heath, Metalla’s President & CEO commented, “ For the second quarter of fiscal 2018, our revenue
and cash flow from sales are expected to grow significantly compared to the previous quarter. That growth
reflects the Endeavor Mine achieving a full quarter of normalized production. ” Mr. Heath continued, “ It is
with great satisfaction that we have achieved a goal of payin g a dividend that we set out to accomplish
when we started just over a year ago. This demonstrates to the market Metalla’s strict discipline and proven
strategy of acquiring royalty and streaming assets, building real accretive value, and now being able to
share that with every owner of the Company. We continue to seek accretive acquisitions to build the
company’s value on a per share basis.”
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 Metal la. Mr. Beaudry is a QP 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.
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
Investor Relations
Renmark Financial Communications Inc.
Barry Mire: [email protected]
Tel: (416) 644-2020 or (514) 939-3989
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.
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 doe s 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.
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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 “bel ieves” or
variations (including negative variations) of such words and phr ases 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, future payments
of dividends, the adoption of the DRIP, 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 asset s, 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.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results,
performance or achievemen ts 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 t hose
expressed or implied by such forw ard-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 productio n-
base interest by the owners or operato rs 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 m arket 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 mat erially
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 resu lts
and future events could differ materially from thos e 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.