# METALLA ANNOUNCES PRELIMINARY 2025 GEO DELIVERIES, RECORD ANNUAL REVENUES AND CORPORATE UPDATES Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/metalla-announces-preliminary-2025-geo-deliveries-record-annual-revenues-and-cor--05ff45d7-33bb-4d74-a8a3-03608eb8d23b Original source: https://money.tmx.com/en/quote/MTA/news/5605535724843311/metalla-announces-preliminary-2025-geo-deliveries-record-annual-revenues-and-cor Publisher: tmx Original announcement: 2026-02-11T22:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Metalla Royalty & Streaming Ltd. - Ticker: MTA - Exchange: TSX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Silver, Copper, Molybdenum, Lead - Document categories: Resource update, Production, Other - Extracted: 2026-09-18 11:03:36 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Metalla reported record preliminary 2025 revenue of $11.7 million, a 99% increase year-over-year, and 3,436 Gold Equivalent Ounces \(GEOs\). While revenue and GEOs grew, results were tempered by operational delays and a safety incident at Endeavor Mine and lower performance at Wharf Mine. The release also provided updates on several royalty assets, including resource estimates for Tower Mountain and study progress for Copper World and Gurupi. Reasoning: The company reports strong top-line revenue and GEO growth despite operational headwinds at specific underlying assets. - Positive factor: Record annual revenue growth of 99% YoY - Positive factor: Significant GEO increase of 38% YoY - Positive factor: Multiple asset updates including resource estimates and study progress - Negative factor: Ramp-up delays and safety incident at Endeavor Mine - Negative factor: Wharf Mine performance below internal forecasts - Negative factor: Fire at Wharf mine crushing facility Facts used in scoring: 6 ## Classification and evidence **production** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document reports preliminary 2025 revenue and GEO deliveries. Evidence · text > The Company expects to recognize record revenue from royalty and stream interests, including fixed royalty payments, of $11.7 million **resource\_update** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document contains inaugural mineral resource estimates for Tower Mountain and historical estimates for Del Toro. Evidence · text > Inaugural Indicated Mineral Resource estimate of 514 Koz with 34.5Mt averaging 0.46 g/t gold **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > updated Mineral Resource Estimate ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-announces-preliminary-2025-geo-deliveries-record-annual-revenues-and-cor--05ff45d7-33bb-4d74-a8a3-03608eb8d23b#fact-resource-facts-2) Tower Mountain · gold #### Identity - Project: Tower Mountain - Commodity: gold - Ticker: MTA #### Resource scope - Estimate type: resource - Resource group id: resource:914d10d9ccd5a2ef8037 #### Resource Data - Category: indicated - Tonnes: 34500000 - Grade: 0.46 - Grade Unit: g/t - Contained Metal: 514 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-11T00:00:00.000Z Reasoning: First formal resource estimate for the project. - Positive factor: Inaugural resource estimate Evidence · text > Indicated Mineral Resource of 514 koz with 34.5Mt averaging 0.46 g/t gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-announces-preliminary-2025-geo-deliveries-record-annual-revenues-and-cor--05ff45d7-33bb-4d74-a8a3-03608eb8d23b#fact-resource-facts-3) Tower Mountain · gold #### Identity - Project: Tower Mountain - Commodity: gold - Ticker: MTA #### Resource scope - Estimate type: resource - Resource group id: resource:9b5b30bff7f6f40cbe2d #### Resource Data - Category: inferred - Tonnes: 221100000 - Grade: 0.45 - Grade Unit: g/t - Contained Metal: 3.05 - Contained Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-11T00:00:00.000Z Reasoning: Large inferred component. Evidence · text > Inferred Mineral Resource Estimate of 3.05 Moz with 221.1Mt averaging 0.45 g/t gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-announces-preliminary-2025-geo-deliveries-record-annual-revenues-and-cor--05ff45d7-33bb-4d74-a8a3-03608eb8d23b#fact-resource-facts-4) Del Toro · silver Historical result Needs review: historical\_restatement #### Identity - Project: Del Toro - Commodity: silver - Ticker: MTA #### Resource scope - Estimate type: resource - Resource group id: resource:6b138db7b381f3a21967 #### Resource Data - Category: indicated - Tonnes: 592000 - Grade: 398 - Grade Unit: g/t - Contained Metal: 7.57 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-11T00:00:00.000Z Reasoning: Historical estimate that has not been verified by the current owner \(Sierra Madre\). - Negative factor: Historical estimate - Negative factor: Not independently verified by current owner Evidence · text > historical Measured and Indicated Mineral Resource estimate of 7.57 Moz silver-equivalent consisting of 592,000 tonnes at 398 g/t #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-announces-preliminary-2025-geo-deliveries-record-annual-revenues-and-cor--05ff45d7-33bb-4d74-a8a3-03608eb8d23b#fact-resource-facts-5) Del Toro · silver Historical result Needs review: historical\_restatement #### Identity - Project: Del Toro - Commodity: silver - Ticker: MTA #### Resource scope - Estimate type: resource - Resource group id: resource:f00c759e537b9052480b #### Resource Data - Category: inferred - Tonnes: 1190000 - Grade: 293 - Grade Unit: g/t - Contained Metal: 11.8 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-12-31T00:00:00.000Z #### Dates - Event date: 2026-02-11T00:00:00.000Z Reasoning: Historical estimate that has not been verified by the current owner \(Sierra Madre\). - Negative factor: Historical estimate - Negative factor: Not independently verified by current owner Evidence · text > Inferred Mineral Resource estimate of 11.8 Moz silver-equivalent consisting of 1.19 million tonnes at 293 g/t #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.1 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.