Metalla Royalty & Streaming Ltd.
Metalla Royalty & Streaming Ltd. is a precious-metals-focused royalty and streaming company (originally incorporated 1983 as Excalibur Resources Ltd., renamed Dec 2016) with interests across Australia, Brazil, Mexico and the United States, including six currently producing royalties/streams. The company reported record 2025 results (revenue of US$11.74 million, up ~100% y/y) and continued the momentum into Q1 2026: revenue of US$3.06 million (up 78% y/y), a return to net income (US$111.0 thousand), and Adjusted EBITDA of US$1.9 million (+115% y/y), with an operating cash margin of US$4,848 per GEO across its six producing royalties. As at 31 Mar 2026 the company held US$10.0 million in cash and US$12.3 million drawn on its revolving credit facility, against total assets of US$270.0 million and equity of US$253.1 million. 2026 production is guided to weight toward H2 as Tocantinzinho and Wharf ramp toward full-year guidance and La Parrilla and Amalgamated Kirkland contribute first cash flows, alongside continued advancement of cornerstone development assets Cote-Gosselin and Taca Taca. Brett Heath is Chief Executive Officer; Saurabh Handa is Chief Financial Officer.
Jurisdiction (40%, counts 100% here)9/10
Vancouver-based royalty and streaming company with interests across Australia, Brazil, Mexico and the US; the rating reflects its home jurisdiction rather than any single mine.
Infrastructure (40%)Not scored
A royalty/streaming company holds interests in other operators' mines rather than building its own, so a flagship infrastructure checklist isn't scored for it.
Nearby producing mine (20%)Not scored
Not scored for a royalty/streaming company, which doesn't build or run a mine of its own.
Your Rankings
Metalla Royalty & Streaming Ltd. does not operate mines, so it has no technical study of its own. What it holds instead is a book of royalty and stream interests in other companies' assets -- the portfolio below. Only figures the company has actually disclosed are shown; nothing here is estimated.
| Asset | Commodity | Interest | Rate / price | Stage | Next Production |
|---|---|---|---|---|---|
Tocantinzinho G Mining Ventures · Brazil | Gold | Royalty GVR | 0.75% | Production | — |
Wharf Coeur Mining · USA | Gold | Royalty GVR | 1% | Production | — |
Aranzazu Aura Minerals · Mexico | Gold | Royalty NSR | 1% | Production | — |
Endeavor Polymetals Resources · Australia | Other | Royalty NSR | 4% | Production | — |
La Guitarra Sierra Madre Gold and Silver · Mexico | Gold | Royalty NSR | 2% | Production | — |
La Encantada First Majestic Silver · Mexico | Gold | Royalty GVR | 100% | Production | — |
Côté-Gosselin IAMGOLD/Sumitomo · Canada | Gold | Royalty NSR | 1.5% | — | — |
Taca Taca First Quantum Minerals · Argentina | Copper | Royalty NSR | 0.42% | — | Early 2030s |
Castle Mountain (South Domes) Equinox Gold · USA | Gold | Royalty NSR | 5% | — | — |
Copper World Hudbay Minerals · USA | Copper | Royalty NSR | 0.315% | — | ~2029 (if sanctioned in 2026) |
Wasamac Agnico Eagle · Canada | Gold | Royalty NSR | 1.5% | — | As early as 2033 |
Amalgamated Kirkland/North AK Agnico Eagle · Canada | Gold | Royalty NSR | 0.45% | — | First cash flow expected 2026 |
La Parrilla Silver Storm Mining · Mexico | Silver | Royalty NSR | 2% | — | First cash flow expected 2026 |
Gurupi G Mining Ventures · Brazil | Gold | Royalty NSR | — | — | — |
Management Team
President and Chief Executive Officer of Metalla Royalty & Streaming Ltd. Career in structured finance, corporate finance and investment management. Career: Chairman and CEO, High Stream Corporation (a specialty streaming and royalty consulting company working with First Mining Finance and other private equity funds), through its real, completed Aug 2016 acquisition by Metalla; earlier, President of a private streaming company (name not disclosed in sources found) that deployed US$11 million across 4 producing streaming transactions.
Chief Financial Officer of Metalla Royalty & Streaming Ltd. since Nov 2020 (CPA, CA). Over 15 years' senior-level mining-industry finance experience; also Director and Audit Committee Chair of K92 Mining Inc. Career: CFO and Secretary, Titan Mining Corp. (2017-2018, US zinc producer); VP Finance, Imperial Metals Corp. (2016-2017); earlier CFO roles at Yellowhead Mining Inc. and Meryllion Resources Corp., and Controller at SouthGobi Resources Ltd.; independent consulting through Handa Financial Consulting Inc. between engagements.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Tether International, the stablecoin issuer, has been buying this stock on the open market almost daily for months as part of a publicly reported push into gold-royalty companies, raising its stake to roughly 14%. EuroPac Gold Fund and ASA Gold & Precious Metals (advised by Merk Investments) also hold real specialist positions. A director made one clean on-market purchase alongside Tether's buying, with no offsetting selling found.
No notable insiders tracked for this miner yet.