Metalla Royalty Q1 Revenue Up 78% to $3.1M, EBITDA Jumps 115%
Metalla Royalty Q1 revenue of $3.064 million, net income of $0.111 million and Adjusted EBITDA of $1.863 million were up 78% and 115% YoY on 660 attributable GEOs at $4,871 per ounce. The company anticipates Q2 cash flows from Amalgamated Kirkland, La Parrilla and advances on Côté-Gosselin and Taca Taca.
1. Financial Results
Metalla Royalty recorded $3.064 million in Q1 revenue, net income of $0.111 million and Adjusted EBITDA of $1.863 million, year-over-year increases of 78% and 115%. Total attributable GEOs were 660 at an average realized price of $4,871 per ounce, driving an operating cash margin of $4,848 per GEO.
2. Asset Updates
Tocantinzinho delivered Q1 gold production of 31,846 oz and sales of 33,776 oz. Milling at Amalgamated Kirkland and production at La Parrilla are expected to begin in Q2 2026, positioning Metalla to receive initial cash flows from both streams as early as the second quarter.
3. Development Projects
IAMGOLD will issue an expanded Côté-Gosselin NI 43-101 technical report in Q4 2026, incorporating 2025 drilling results with updated reserve and resource estimates due in Q2 2026. First Quantum’s updated Taca Taca report supports a 35-year open pit mine with initial 40 Mtpa capacity (expanding to 60 Mtpa), average annual output of 291 kt copper and 133 koz gold, and 1,990 Mt of proven and probable reserves.