Metalla Reports First Shipment of Ore From the COSE Mine to the Processing Plant and AGM Results
Metalla Reports First Shipment of Ore From
the COSE Mine to the Processing Plant and
AGM Results
TSXV: MTA
OTCQB: MTAFF
VANCOUVER
, Nov. 8, 2019 /CNW/ -
Metalla Royalty & Streaming Ltd.
("
Metalla
" or the
"
Company
") (TSXV: MTA) (OTCQB: MTAFF) is pleased to report the first shipment of ore has
been processed from the COSE mine and the results of the Annual General Meeting held on
November 6, 2019
.
Brett Heath
, President and CEO of Metalla Royalty, commented: "We are very pleased to see the
COSE and Joaquin mines continue to progress forward with a major milestone of the first shipment
of ore from COSE processed with higher than anticipated recoveries." Mr. Heath continued, "The
transition of our two royalties on Pan American Silver's mines moving from development to
production will add further diversification of our cash flow in 2020 and continues to advance what we
believe to be one of the most exciting development portfolios of royalties."
COSE & JOAQUIN
(1.5% & 2.0% NSR)
Pan American Silver Corp. ("
Pan American
") disclosed in their Q3 MD&A on
November 6, 2019
that
it hauled stockpiled ore from COSE to its Manantial Espejo plant at the end of Q3 2019 with a total
milled to-date of 410 tonnes at 42.6 g/t gold and 1,688 g/t silver. Although this is a limited amount of
high-grade COSE ore treated so far, the calculated mill recoveries rates were 95.6% for gold and
86.0% for silver, both rates greater than anticipated.
Pan American spent a combined
US$5.2 million
on its Joaquin and COSE projects during Q3 2019.
Waste development resumed at COSE at the end of Q3 2019, while recommencing mining activities
in the ore zones is pending a review of the ground control management procedures and the results
of a geotechnical drilling program, which is anticipated to be completed in Q4 2019. Development
activities resumed at Joaquin in Q3 2019, and both ore and waste headings are currently active. Ore
is being stockpiled on surface prior to transporting to the Manantial Espejo plant for processing.
ANNUAL GENERAL MEETING FOR SHAREHOLDER RESULTS
HELD ON
NOVEMBER 6, 2019
MOTIONS
NUMBER OF SHARES
PERCENTAGE OF VOTES CAST
FOR
AGAINST
WITHHELD/ABSTAIN
FOR
AGAINST
WITHHELD/ABSTAIN
NUMBER OF DIRECTORS
50,703,130
77,644
0
99.85%
0.15%
0.00%
BRETT HEATH
50,744,372
0
36,402
99.93%
0.00%
0.07%
LAWRENCE ROULSTON
48,394,905
0
2,385,869
95.30%
0.00%
4.70%
E.B. TUCKER
50,687,163
0
93,611
99.82%
0.00%
0.15%
ALEXANDER MOLYNEUX
48,392,966
0
2,387,808
95.30%
0.00%
4.70%
JAMES BEEBY
50,705,828
0
74,946
99.85%
0.00%
0.15%
APPOINTMENT OF AUDITORS
66,160,195
0
634,987
99.05%
0.00%
0.95%
SHARE COMPENSATION PLAN
48,960,919
1,819,855
0
96.42%
3.58%
0.00%
TOTAL SHARES ISSUED & OUTSTANDING
134,419,952
TOTAL SHARES VOTED
66,795,182
TOTAL % OF SHARES VOTED
49.69%
ABOUT METALLA
Metalla is a precious metals royalty and streaming company. Metalla provides shareholders with
leveraged precious metal exposure through a diversified and growing 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
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
President and CEO
Neither the TSXV 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 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 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, continued cash flow from COSE and Joaquin, 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, 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.
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-based 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 and the Annual Information Form of the Company both
dated
September 26, 2019
and filed with the Canadian securities regulatory authorities on the
SEDAR website at
www.sedar.com
and with the SEC on the EDGAR website at
https://www.sec.gov/
.
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.
SOURCE
Metalla Royalty and Streaming Ltd.
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%SEDAR: 00005157E
For further information:
CONTACT INFORMATION: METALLA ROYALTY & STREAMING LTD.,
Brett Heath, President & CEO, Phone: 604-696-0741, Email: [email protected]; Kristina
Pillon, Investor Relations, Phone: 604-908-1695, Email: [email protected]; Website:
www.metallaroyalty.com
CO: Metalla Royalty and Streaming Ltd.
CNW 08:30e 08-NOV-19