Metalla Increases Its Côté & Gosselin Royalty to 1.5% and Provides Portfolio Updates
METALLA INCREASES ITS CÔTÉ & GOSSELIN ROYALTY TO 1.5%
AND PROVIDES PORTFOLIO UPDATES
(All dollar amounts are in United States dollars unless otherwise indicated)
TSXV:
MTA
NYSE AMERICAN:
MTA
VANCOUVER, BC
,
Nov. 3, 2025
/CNW/ -
Metalla Royalty & Streaming Ltd.
("
Metalla
" or the "
Company
") (NYSE American: MTA) (TSXV:
MTA) is pleased to announce it has completed the acquisition of the remaining 0.15% interest in a net smelter return ("
NSR
") royalty on a
portion of the Côté Gold Mine ("
Côté
") and all of the Gosselin project ("
Gosselin
"), owned by IAMGOLD Corporation ("
IAMGOLD
")(NYSE:
IAG) (TSX: IMG) and Sumitomo Metal Mining Co., Ltd. (the "Côté /
Gosselin Royalty
"), and now holds a consolidated 1.5% of the Côté /
Gosselin Royalty
.
"The additional 0.15% of the
Côté /
Gosselin Royalty
further strengthens our position on one of the most significant gold assets in
Canada
,"
commented
Brett Heath
, Chief Executive Officer of Metalla. "By increasing our royalty, we have enhanced our leverage to one of the
premier gold assets globally.
IAMGOLD continues to demonstrate the scale and quality of the Côté-Gosselin system. We expect this
acquisition to further bolster Metalla's portfolio as IAMGOLD expects to integrate Gosselin into the mine plan and resources continue to
expand."
Côté / Gosselin (1.5% NSR royalty)
On
October 31, 2025
Metalla completed the acquisition of the remaining 0.15% interest in the Côté /
Gosselin Royalty
for total consideration
of
C$3.4 million
in cash from an arm's length seller. The acquisition increases Metalla's total royalty percentage to 1.5%.
The Côté mine reached commercial production in
August 2024
after pouring its first gold in
March 2024
and has achieved nameplate
processing capacity of 36,000 tonnes per day. With plans to integrate the Gosselin deposit into an updated mine plan and boost overall
throughput, Côté / Gosselin is positioned to become one of
Canada's
largest gold-producing complexes.
IAMGOLD disclosed on
August 7, 2025
that it plans to drill a total of 45,000 meters at Gosselin in 2025 and expects results from the 2024
and 2025 Gosselin exploration programs to be incorporated into an updated Mineral Reserve and Resource estimate in 2026, as well as an
updated technical report, considering a larger-scale operation with a conceptual plan targeting both the Côté and Gosselin zones. IAMGOLD
expects the updated technical report to be completed by year-end 2026.
Côté / Gosselin Royalty Map
Côté / Gosselin Royalty Map (CNW Group/Metalla Royalty & Streaming Ltd.)
Côté & Gosselin Reserve & Resource Estimate as of
December 31, 2024
1
Côté
Gosselin
Tonnes
Gold
Tonnes
Gold
Royalty GEOs
(000's)
(g/t)
(000's)
(000's)
(g/t)
(000's)
(000's)
Proven & Probable
229,175
1.01
7,341
-
-
-
6.61
Measured & Indicated
438,544
0.84
11,785
161,300
0.85
4,420
76.90
Inferred Resources
60,362
0.61
1,177
123,900
0.75
2,980
45.80
1
.
For royalty ounce calculation, Metalla estimates 6% of Côté and 100% of Gosselin's Mineral Resources and Mineral Reserves are subject
to our royalty NSR interest at a rate of 1.5%. For more information, please review IAMGOLD's
October 2025
Corporate Presentation,
press release dated
August 7, 2025
,
October 15, 2024
,
February 15, 2024
and 2024 Annual Information Form.
ASSET UPDATES
La Guitarra
–
Expansion plans underway to increase processing capacity to ~1,500 tpd by Q3 2027 and the commencement of a district-
wide exploration program.
La Parrilla –
Rehabilitation plans underway supported by offtake financing from Samsung.
Endeavor –
Recommencement of mining operations following fatal incident at Endeavor Mine and discovery of new massive sulphide
zone at the Carpark prospect.
San Luis
– Drilling confirms significant extensions of the Bonita Vein system.
Wharf –
2025 production guidance at Wharf increased to 93–103 Koz gold.
La Guitarra
(2.0% NSR royalty)
Metalla holds a 2.0% NSR royalty on
Sierra Madre Gold
& Silver Ltd.'s ("
Sierra Madre
")
La Guitarra
silver-gold mine complex ("
La Guitarra
")
in the Temascaltepec mining district,
Mexico
.
On
September 8, 2025
,
Sierra Madre
outlined a two-stage expansion plan at
La Guitarra
. The planned expansions would increase the site's
nameplate processing capacity from 500 tonnes per day ("
tpd
") to approximately 750–800 tpd by Q2 2026.
Sierra Madre
then intends to
further increase capacity to roughly 1,200–1,500 tpd by Q3 2027 through the construction of a new dry-stack tailings facility and the
installation of a second crushing circuit.
On
October 23, 2025
,
Sierra Madre
announced a
$3.5 million
exploration program focused on the East district of the
La Guitarra
mine
complex. The program will begin with drill-target definition through mapping and surveying, including work around the historic
El Rincon
mine,
followed by a 20,000–25,000-meter drill campaign.
For more information, please view the
Sierra Madre's
September 8, 2025
Press Release
and
Sierra Madre's
October 23, 2025
Press Release
.
La Parrilla (2.0% NSR royalty)
Metalla holds a 2.0% NSR royalty interest on Silver Storm Mining Ltd.'s ("
Silver Storm
") La Parrilla Mine Complex ("
La Parrilla
") in
Durango,
Mexico
.
On
October 21, 2025
, Silver Storm reported that rehabilitation activities had commenced at La Parrilla, with engineers engaged and mobilized,
long-lead items ordered for the sulphide circuit expansion to 1,250 tpd, and SRK Consulting retained to review the restart plan.
The President and CEO of Silver Storm stated: "With the existing infrastructure in place and recent financings completed, we are taking
decisive steps in respect of the Silver Storm's objective of bringing the historic La Parrilla back into production and creating value for our
shareholders and the communities of Durango. Rehabilitation and preparation activities will take seven to nine months, and subject to further
technical evaluations, we could target the potential restart of operations as early as the second quarter of 2026".
For more information, please view the
Silver Storm's
October 10, 2025
Press Release
and
Silver Storm's
October 21, 2025
Press Release
.
Endeavor (4.0% NSR royalty)
Metalla holds a 4.0% NSR royalty interest on Polymetals Resources Ltd.'s ("
Polymetals
") Endeavor Mine ("
Endeavor
") in Cobar,
Australia
.
On
October 31, 2025
, Polymetals provided an update in relation to a fatal incident that occurred at Endeavor on
October 28, 2025
that
resulted in all mining and surface operations being suspended pending completion of an investigation into its cause. Polymetals has announced
plans to take a staged approach to recommencing operations at Endeavor with exploration drilling and concentrate transport expected to
commence next week. Personnel are expected to return to work on
November 5, 2025
, with the progressive resumption of mining and
processing activities.
Metalla wishes to extend our deepest condolences to the families and all those impacted by the recent tragic events in Cobar,
Australia
.
On
October 23, 2025
, Polymetals reported the discovery of a new zone of massive sulphides south of the Endeavor Mine in the Carpark
prospect. Polymetals stated that visual evidence from the drill holes completed support the likely presence of a significant mineralized structure
in the area.
For more information, please view the
Polymetals'
October 23, 2025
Press Release
and
Polymetals'
October 31
2025 Press Release
San Luis
(1.0% NSR royalty)
Metalla holds a 1.0% NSR royalty on Highlander Silver's ("
Highlander
")
San Luis
gold-silver project ("
San Luis
") in
Central Peru
.
On
September 16, 2025
, Highlander reported results of step out drilling to the southeast of prior drilling at the Bonita Open Pit target with high
grade intercepts of 7.43 g/t gold and 16.45 g/t silver over 24.8 meters and 3.42 g/t gold and 16.93 g/t silver over 40.4 meters.
On
October 6, 2025
Highlander reported drill results from the expanding Bonita drill program with the discovery of a new zone called Kusy.
The highlight intercept from Kusy returned 15.56 g/t gold and 74.49 g/t silver over 23.6 meters.
For more information, please view the
Highlander
Sept 16, 2025
Press Release
and
Highlander
October 6, 2025
Press Release
.
Wharf (1.0% royalty)
Metalla holds a 1.0% GVR royalty on Coeur Mining Inc.'s ("
Coeur
") Wharf mine.
On
October 29, 2025
, Coeur increased its full year production guidance for 2025 at Wharf to 93 – 103 Koz gold, reflecting strong year-to-date
performance and higher expected grades in the fourth quarter.
Exploration expenditures at Wharf for the third quarter were
$3 million
with expansion and infill drilling programs at Juno completed during the
quarter.
For more information, please view the
Coeur Mining
October 29, 2025
Press Release
.
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. Mr. Beaudry is a QP as defined in
National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
("
NI 43-101
").
ABOUT METALLA
Metalla provides shareholders with leveraged gold, silver, and copper exposure by acquiring royalties and streams. Our goal is to increase
share value by accumulating a diversified portfolio of royalties and streams with attractive returns. 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 royalty companies.
For further information, please visit our website at
www.metallaroyalty.com
.
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
Chief Executive Officer
Website:
www.metallaroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accept
responsibility for the adequacy or accuracy of this alert.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in
the United States
or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption
from registration requirements.
Technical and Third-Party Information
Metalla has limited, if any, information on or access to the properties on which Metalla (or any of its subsidiaries) holds a royalty, stream or
other interest and has no input into exploration, development or mining plans, decisions or activities on any such properties. Metalla is
dependent on (i) the operators of the mines or properties and their QPs to provide technical or other information to Metalla, or (ii) publicly
available information to prepare disclosure pertaining to properties and operations on the mines or properties on which Metalla holds a
royalty, stream or other interest, and generally has limited or no ability to independently verify such information. Although Metalla does not
have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or
accurate. Some information publicly reported by operators may relate to a larger property than the area covered by Metalla's royalty, stream
or other interests. Metalla's royalty, stream or other interests can cover less than 100% and sometimes only a portion of the publicly
reported mineral reserves, resources and production of a property.
Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press release,
including any
references to
mineral resources or mineral reserves, was prepared in accordance with Canadian
NI 43-101
, which differs significantly from the
requirements of the U.S. Securities and
Exchange Commission (the
"
SEC
"
)
applicable to U.S. domestic issuers. Accordingly, the scientific
and technical
information contained or referenced in this press
release may not be comparable to similar information made
public by U.S.
companies subject to the reporting and
disclosure requirements of the SEC.
"Inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to
their
economic and legal
feasibility. It cannot be assumed that all or any part of an inferred mineral resource will
ever be
upgraded to a higher category. Historical
results or feasibility models presented herein are not guarantees
or expectations of
future performance.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements")
within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release
only and the Company does not intend to and does not assume any obligation to update or revise them except as required by applicable
law.
All statements included herein that address events or developments that we expect to occur in the
future
are
forward-looking statements.
Generally, forward-looking statements can be identified by the use of
forward-looking terminology 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 statements in this press release include, but are not
limited to, statements
regarding: future events or future performance of Metalla;
the Company
'
s plans and objectives;
the Company
'
s future
financial and
operational performance;
expectations regarding stream and royalty interests owned by the Company;
that the acquisition of
the additional royalty interest of Côté /
Gosselin Royalty
will bolster Metalla's portfolio; that Gosselin will be integrated into the mine plan and
boost overall throughput; that Côté / Gosselin will become one of
Canada's
largest gold-producing complexes; the planned drill program at
Gosselin in 2025;
Metalla's estimates that 6% of Côté and 100% of Gosselin's Mineral Resources and Mineral Reserves are subject to Côté /
Gosselin Royalty
;
the incorporation of results from prior Gosselin exploration programs into an updated mineral reserve and resource
estimate and the timing thereof; the updated technical report and the timing thereof; the expansions plans to increase of processing capacity
at
La Guitarra
and the timing thereof; the construction of a new tailing facility and the installation of a second crushing circuit at
La Guitarra
;
the commencement of an exploration program focused on the East district at
La Guitarra
, the budget and the details thereof; the
rehabilitation and preparation activities at La Parilla and the timing thereof; statements of the management of Silver Storm regarding
bringing La Parrilla back into production and the potential timing for restart of operations; the recommencement of operations at Endeavor,
the stages and timing thereof; the likely presence of a significant mineralized structure south of the Endeavor mine; the 2025 production
guidance at Wharf; royalty payments to be paid to Metalla by property owners or operators of mining projects
pursuant to
each royalty
interest;
the future outlook of Metalla and the mineral reserves and resource
estimates for the properties with respect to which
the
Metalla
has or proposes to acquire an interest;
future gold, silver and copper prices;
other potential developments relating to, or achievements by,
the
counterparties for the Company
'
s stream and
royalty agreements, and with respect to the mines and
other properties in which the
Company has, or may
acquire, a stream or royalty interest;
costs and other
financial or economic measures;
prospective transactions;
growth and achievements
; financing and
adequacy of capital;
future payment of dividends;
future public and/or private placements of equity,
debt or hybrids thereof; and
the Company
'
s ability to fund its current operational requirements and
capital projects.
Such forward-looking statements reflect management's current beliefs and are based on information
currently available to
management.
Forward-looking statements are based on forecasts of future results,
estimates of amounts not yet determinable
and assumptions that, while
believed by management to be
reasonable, are inherently subject to significant business,
economic and competitive uncertainties, and
contingencies. Forward-looking statements are subject to various known and
unknown risks and
uncertainties, many of which are beyond
the ability of Metalla to control or predict, that may cause
Metalla's actual results, performance or achievements to be materially different
from those expressed or
implied thereby, and
are developed based on assumptions about such risks, uncertainties and other
factors set out
herein, including but not
limited to: risks related to commodity price fluctuations; the
absence of control over mining operations from which
Metalla will
purchase precious metals pursuant to
gold streams, silver streams and other agreements or from which it will receive royalty
payments
pursuant to NSRs, gross overriding royalties, gross
value royalties and other royalty
agreements or
interests and risks related to
those mining operations, including risks related to
international operations, government and
environmental regulation, delays in mine
construction and
operations, actual results of mining and current exploration
activities, conclusions of economic
evaluations and changes in
project parameters as plans are refined; risks related to
exchange rate
fluctuations; that payments in respect of streams and royalties may
be delayed or may never be made;
risks
related to Metalla
'
s reliance on public disclosure and other
information regarding the mines or
projects
underlying its streams
and royalties;
that some royalties or
streams may be subject to
confidentiality arrangements that limit or
prohibit
disclosure
regarding
those
royalties and streams;
business opportunities that become available to, or are pursued by, Metalla;
that
Metalla
'
s cash flow is
dependent on the activities of others;
that Metalla has had negative cash flow from
operating activities
in
the past;
that
some royalty and stream interests are subject to rights of other
interest-holders;
that
Metalla
'
s royalties and
streams may have unknown
defects;
risks related to
Metalla
'
s two
material assets,
the C
ô
t
é
property and the Taca Taca property;
risks related to general
business and
economic
conditions;
risks related to global
financial conditions, risks related to geopolitical events and other uncertainties, such as the
conflict in the
Middle East
and
Ukraine
;
risks
related to epidemics,
pandemics or
other public health crises, including the novel coronavirus
global health pandemic, and the spread of other viruses or pathogens, and the
potential impact thereof on Metalla
'
s
business, operations
and financial
condition;
that Metalla is dependent on its key personnel;
risks
related to Metalla
'
s financial controls;
dividend
policy and
future
payment of dividends;
competition among mineral royalty companies and other participants in the global mining industry;
that
project
operators may not respect
contractual obligations;
that Metalla
'
s
royalties and streams may be
unenforceable;
risks related to
potential
conflicts of interest of Metalla
'
s directors and officers;
that
Metalla may
not be able to obtain adequate
financing in the future;
risks
related to
Metalla
'
s
credit facilities and financing agreements;
litigation;
title, permit or
license disputes related to
interests on any of the properties in
which Metalla holds, or
may acquire, a
royalty, stream or other
interest;
interpretation by
government entities of tax laws or the
implementation
of new tax laws;
changes in tax laws impacting Metalla;
risks related to
anti-bribery and anti-corruption
laws; credit and
liquidity risk; risks related to Metalla
'
s information systems and cyber
security;
risks
posed by activist
shareholders;
that Metalla may suffer
reputational damage in the ordinary course of
business;
risks
related to acquiring, investing in or developing resource projects;
risks
applicable to
owners and
operators of properties in
which Metalla holds an interest;
exploration, development and
operating risks;
risks
related to climate change;
environmental risks;
that the exploration and
development activities
related to mine operations are subject to
extensive laws
and
regulations;
that the
operation of a mine or
project is subject to the receipt and maintenance of permits from
governmental
authorities;
risks
associated with the acquisition and maintenance of mining infrastructure;
that Metalla
'
s
success is
dependent
on the efforts of operators
'
employees;
risks related to mineral resource and
mineral reserve
estimates;
that mining depletion may not be
replaced by the discovery of new mineral
reserves;
that
operators
'
mining operations
are
subject to risks that may not be able to be insured
against;
risks
related to land title;
risks related to international operations;
risks related to operating in
countries with
developing
economies;
risks related to the construction, development and
expansion of
mines or
projects;
risks associated with operating in areas that
are presently, or were formerly, inhabited
or used
by
indigenous peoples;
that Metalla is required, in certain jurisdictions, to allow
individuals from
that
jurisdiction to hold
nominal interests in
Metalla
'
s subsidiaries in that jurisdiction;
the volatility of the
stock
market;
that
existing securityholders
may be diluted;
risks related to Metalla
'
s public disclosure
obligations;
risks associated with future sales or
issuances of debt or
equity securities; risks associated
with the New Facility;
that there can be no assurance that an active trading
market for
Metalla
'
s securities will be sustained;
risks related to the enforcement of civil judgments against Metalla;
risks
relating to Metalla potentially
being a passive
"
foreign investment company
"
within the meaning
of
U.S. federal tax
laws; and the other risks and uncertainties disclosed
under the heading
"
Risk Factors
"
in
the Company
'
s most recent Annual
Information Form and other documents
filed with or submitted to the
Canadian securities
regulatory authorities on the SEDAR+ website at
www.sedarplus.ca
and the U.S. Securities and Exchange Commission
on the
EDGAR website at
www.sec.gov
. Although we have attempted to identify important factors that could cause actual actions,
events or
results to differ materially from those described in forward-looking statements, 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 forward-looking
statements will prove to be accurate,
as actual results and
future events could differ materially from those anticipated in such
statements. Accordingly, readers
should not place
undue reliance on forward-looking statements. We are under no obligation
to update or
alter any forward-looking statements except as
required under applicable securities laws. For the reasons
set forth
above, undue reliance should not be placed on forward-looking
statements.
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%SEDAR: 00005157E
For further information:
CONTACT INFORMATION: Metalla Royalty & Streaming Ltd., Brett Heath, Chief Executive Officer, Phone: 604-
696-0741, Email: [email protected]; Kristina Pillon, Investor Relations, Phone: 604-908-1695, Email: [email protected]
CO: Metalla Royalty & Streaming Ltd.
CNW 07:00e 03-NOV-25