# METALLA REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2026 AND PROVIDES ASSET UPDATES

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973

Original source: https://money.tmx.com/en/quote/MTA/news/7073332179459476/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass

Publisher: tmx

Original announcement: 2026-05-14T20:30:00.000Z

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, Zinc, Lead

- Document categories: Production, Resource update, Drill results, Metallurgy, Economic study, Permitting, Agreement transaction

- Extracted: 2026-09-18 10:51:05 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Metalla Royalty & Streaming Ltd. announced strong financial results for the first quarter of 2026, reporting a 115% increase in Adjusted EBITDA to $1.9 million and a return to net income. The company received or accrued payments on 660 attributable Gold Equivalent Ounces \(GEOs\) at an average realized price of $4,871 per GEO. Metalla also provided extensive asset updates, highlighting significant resource estimates for projects like Taca Taca and Joaquin, high-grade drill results from La Parrilla and Mirado Mine, and progress on economic studies and permitting for several development-stage assets.

Reasoning: Metalla reported strong financial results for Q1 2026, including a 115% increase in Adjusted EBITDA and a return to net income, driven by its royalty and streaming portfolio. The company also provided numerous positive asset updates, including significant resource estimates, high-grade drill results, and progress on economic studies and permitting for key development projects.

- Positive factor: Significant increase in Adjusted EBITDA and return to net income

- Positive factor: Strong operating cash margin per attributable GEO

- Positive factor: Advancement of key development assets towards production and milestones

- Positive factor: Multiple updated resource estimates showing significant contained metal

- Positive factor: High-grade drill intercepts reported from several projects

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 71

## Classification and evidence

**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

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: the document describes a flotation route \("flotation"\)

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 36. Some facts used in scoring do not have a stored record.

## Drill Results (18)

### IDP-SN-26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-39)

La Parrilla

#### Identity

- Hole ID: IDP-SN-26-001
- Project: La Parrilla
- Region: canada
- Reported Region: canada
- Ticker: MTA

#### Geometry

- Intercept: 3.6 m

#### Classification

- Sample Type: drill
- Group ID: IDP-SN-26-001:null-null

#### Location

- Location: San Nicolas zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 473
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Hole IDP-SN-26-001 returned a high-grade silver equivalent intercept over a significant width, confirming the presence of high-grade mineralization in the San Nicolas zone.

- Positive factor: High-grade silver equivalent intercept

- Positive factor: Confirms presence of high-grade mineralization

- Negative factor: Metal equivalent assumptions not disclosed

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 473 g/t AgEq over 3.60 m is an exceptionally high-grade intercept for silver.

Evidence · text

> 473 g/t AgEq over 3.60 m

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Evidence · text

> 473 g/t AgEq over 3.60 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### IDP-SN-26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-40)

La Parrilla

#### Identity

- Hole ID: IDP-SN-26-001
- Project: La Parrilla
- Region: canada
- Reported Region: canada
- Ticker: MTA

#### Geometry

- Intercept: 1.65 m

#### Classification

- Sample Type: drill
- Group ID: IDP-SN-26-001:null-null

#### Location

- Location: San Nicolas zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 740
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Hole IDP-SN-26-001 included an exceptionally high-grade silver equivalent intercept, further highlighting the strong mineralization in the San Nicolas zone.

- Positive factor: Exceptional high-grade silver equivalent intercept

- Positive factor: Confirms presence of high-grade mineralization

- Negative factor: Metal equivalent assumptions not disclosed

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 740 g/t AgEq over 1.65 m is an exceptionally high-grade intercept for silver.

Evidence · text

> 740 g/t AgEq over 1.65 m

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Evidence · text

> 740 g/t AgEq over 1.65 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### IDP-SN-26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-41)

La Parrilla

#### Identity

- Hole ID: IDP-SN-26-001
- Project: La Parrilla
- Region: canada
- Reported Region: canada
- Ticker: MTA

#### Geometry

- Intercept: 0.9 m

#### Classification

- Sample Type: drill
- Group ID: IDP-SN-26-001:null-null

#### Location

- Location: San Nicolas zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Metal Equivalent

- Metal Eq. Grade: 527
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Hole IDP-SN-26-001 also included another high-grade silver equivalent intercept, reinforcing the strong mineralization in the San Nicolas zone.

- Positive factor: High-grade silver equivalent intercept

- Positive factor: Confirms presence of high-grade mineralization

- Negative factor: Metal equivalent assumptions not disclosed

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 527 g/t AgEq over 0.90 m is an exceptionally high-grade intercept for silver.

Evidence · text

> 527 g/t AgEq over 0.90 m

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Evidence · text

> 527 g/t AgEq over 0.90 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 4

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-42)

Garrison · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Garrison
- Commodity: gold
- Region: canada
- Reported Region: canada
- Ticker: MTA

#### Geometry

- Grade: 6.03
- Grade Unit: g/t
- Intercept: 22.25 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: Jonpol deposit
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: A drill intercept at Garrison's Jonpol deposit returned high-grade gold over a significant width, supporting the potential for strike extension of the mineralization.

- Positive factor: High-grade gold intercept over significant width

- Positive factor: Supports strike extension of mineralization

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 6.03 g/t Au over 22.25 m is an exceptionally high-grade intercept for gold.

Evidence · text

> 6.03 g/t Au over 22.25 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 5

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-43)

Garrison · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Garrison
- Commodity: gold
- Region: canada
- Reported Region: canada
- Ticker: MTA

#### Geometry

- Grade: 12.67
- Grade Unit: g/t
- Intercept: 9.25 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: Jonpol deposit
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: An included interval within the Garrison drill result showed exceptionally high-grade gold, further confirming strong mineralization.

- Positive factor: Exceptional high-grade gold intercept

- Positive factor: Confirms strong mineralization within the broader intercept

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 12.67 g/t Au over 9.25 m is an exceptionally high-grade intercept for gold.

Evidence · text

> 12.67 g/t Au over 9.25 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 6

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-44)

Garrison · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Garrison
- Commodity: gold
- Region: canada
- Reported Region: canada
- Ticker: MTA

#### Geometry

- Grade: 2.14
- Grade Unit: g/t
- Intercept: 33.86 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: Jonpol deposit
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Another drill intercept at Garrison's Jonpol deposit returned strong gold grades over a significant width, further supporting the potential for strike extension.

- Positive factor: Strong gold intercept over significant width

- Positive factor: Supports strike extension of mineralization

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 7

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-45)

Garrison · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Garrison
- Commodity: gold
- Region: canada
- Reported Region: canada
- Ticker: MTA

#### Geometry

- Grade: 14.89
- Grade Unit: g/t
- Intercept: 2.33 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: Jonpol deposit
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: An included interval within the Garrison drill result showed exceptionally high-grade gold, further confirming strong mineralization.

- Positive factor: Exceptional high-grade gold intercept

- Positive factor: Confirms strong mineralization within the broader intercept

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 14.89 g/t Au over 2.33 m is an exceptionally high-grade intercept for gold.

Evidence · text

> 14.89 g/t Au over 2.33 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 8

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-46)

Garrison · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Garrison
- Commodity: gold
- Region: canada
- Reported Region: canada
- Ticker: MTA

#### Geometry

- Grade: 9.22
- Grade Unit: g/t
- Intercept: 5.85 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: Jonpol deposit
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: An initial assay from Garrison's Jonpol deposit returned high-grade gold, supporting the western strike extension of the mineralization.

- Positive factor: High-grade gold intercept

- Positive factor: Supports western strike extension

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 9.22 g/t Au over 5.85 m is an exceptionally high-grade intercept for gold.

Evidence · text

> 9.22 g/t Au over 5.85 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### Fact 9

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-47)

Garrison · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Garrison
- Commodity: gold
- Region: canada
- Reported Region: canada
- Ticker: MTA

#### Geometry

- Grade: 1.46
- Grade Unit: g/t
- Intercept: 22.65 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: Jonpol deposit
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Another initial assay from Garrison's Jonpol deposit returned strong gold grades over a significant width, supporting the western strike extension of the mineralization.

- Positive factor: Strong gold intercept over significant width

- Positive factor: Supports western strike extension

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### KLM26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-48)

Mirado Mine · gold

#### Identity

- Hole ID: KLM26-001
- Project: Mirado Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: MTA

#### Geometry

- Grade: 5.66
- Grade Unit: g/t
- Intercept: 18.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: KLM26-001:null-null

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Hole KLM26-001 at Mirado Mine returned a high-grade gold intercept over a significant width, contributing to the ongoing resource update program.

- Positive factor: High-grade gold intercept over significant width

- Positive factor: Part of a program designed for resource update

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 5.66 g/t Au over 18.2 m is an exceptionally high-grade intercept for gold.

Evidence · text

> 5.66 g/t Au over 18.2 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### KLM26-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-49)

Mirado Mine · gold

#### Identity

- Hole ID: KLM26-001
- Project: Mirado Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: MTA

#### Geometry

- Grade: 23.03
- Grade Unit: g/t
- Intercept: 4.3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: KLM26-001:null-null

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: An included interval within Hole KLM26-001 showed exceptionally high-grade gold, further confirming strong mineralization at Mirado Mine.

- Positive factor: Exceptional high-grade gold intercept

- Positive factor: Confirms strong mineralization within the broader intercept

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 23.03 g/t Au over 4.3 m is an exceptionally high-grade intercept for gold.

Evidence · text

> 23.03 g/t Au over 4.3 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### KLM26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-50)

Mirado Mine · gold

#### Identity

- Hole ID: KLM26-002
- Project: Mirado Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: MTA

#### Geometry

- Grade: 1.01
- Grade Unit: g/t
- Intercept: 121 m
- From: 11 m
- To: 132 m
- Intercept Depth: 11 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: KLM26-002:11-132

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Hole KLM26-002, a step-out hole, confirmed continuous mineralization over a very significant width in the South Zone at Mirado Mine, indicating good continuity.

- Positive factor: Confirms continuous mineralization over a very significant width

- Positive factor: Step-out drilling extends known mineralization

#### Tags used in scoring

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The second drill hole, targeting the South Zone at Mirado, stepped out 75 m southeast of KLM26-001 and confirmed continuous mineralization

Evidence · text

> stepped out 75 m southeast of KLM26-001 and confirmed continuous mineralization

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### KLM26-002

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-51)

Mirado Mine · gold

#### Identity

- Hole ID: KLM26-002
- Project: Mirado Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: MTA

#### Geometry

- Grade: 7.41
- Grade Unit: g/t
- Intercept: 4.8 m
- From: 74.2 m
- To: 79 m
- Intercept Depth: 74.2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: KLM26-002:74.2-79

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: An included high-grade interval within Hole KLM26-002 further confirmed strong mineralization in the South Zone at Mirado Mine.

- Positive factor: High-grade gold intercept within a broader zone

- Positive factor: Confirms strong mineralization

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 7.41 g/t over 4.8 m is an exceptionally high-grade intercept for gold.

Evidence · text

> 7.41 g/t over 4.8 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### KLM26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-52)

Mirado Mine · gold

#### Identity

- Hole ID: KLM26-004
- Project: Mirado Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: MTA

#### Geometry

- Grade: 39.35
- Grade Unit: g/t
- Intercept: 16.4 m
- From: 53.6 m
- To: 70 m
- Intercept Depth: 53.6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: KLM26-004:53.6-70

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Hole KLM26-004 at Mirado Mine returned an exceptionally high-grade gold intercept over a significant width, confirming lateral continuity of the South Zone mineralized system.

- Positive factor: Exceptional high-grade gold intercept over significant width

- Positive factor: Confirms lateral continuity of mineralization

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 39.35 g/t Au over 16.4m is an exceptionally high-grade intercept for gold.

Evidence · text

> 39.35 g/t Au over 16.4m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### KLM26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-53)

Mirado Mine · gold

#### Identity

- Hole ID: KLM26-004
- Project: Mirado Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: MTA

#### Geometry

- Grade: 106.9
- Grade Unit: g/t
- Intercept: 6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: KLM26-004:53.6-70

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: An included interval within Hole KLM26-004 showed an extremely high-grade gold intercept, demonstrating the presence of bonanza-grade shoots within the South Zone.

- Positive factor: Extremely high-grade gold intercept

- Positive factor: Confirms presence of high-grade shoots

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 106.9 g/t Au over 6.0 m is an exceptionally high-grade intercept for gold.

Evidence · text

> 106.9 g/t Au over 6.0 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### KLM26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-54)

Mirado Mine · gold

#### Identity

- Hole ID: KLM26-004
- Project: Mirado Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: MTA

#### Geometry

- Grade: 1670
- Grade Unit: g/t
- Intercept: 0.38 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: KLM26-004:53.6-70

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: An included interval within Hole KLM26-004 showed an ultra-high-grade gold intercept, providing strong evidence of bonanza-grade shoots within the South Zone.

- Positive factor: Ultra-high-grade gold intercept

- Positive factor: Confirms presence of bonanza-grade shoots

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 1,670 g/t over 0.38 m is an exceptionally high-grade intercept for gold.

Evidence · text

> 1,670 g/t over 0.38 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### KLM26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-55)

Mirado Mine · gold

#### Identity

- Hole ID: KLM26-004
- Project: Mirado Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: MTA

#### Geometry

- Grade: 2.22
- Grade Unit: g/t
- Intercept: 26.1 m
- From: 78.7 m
- To: 104.8 m
- Intercept Depth: 78.7 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: KLM26-004:78.7-104.8

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Another strong gold intercept over a significant width in Hole KLM26-004 further confirms the lateral continuity of the South Zone mineralized system at Mirado Mine.

- Positive factor: Strong gold intercept over significant width

- Positive factor: Confirms lateral continuity of mineralization

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

### KLM26-004

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-drill-facts-56)

Mirado Mine · gold

#### Identity

- Hole ID: KLM26-004
- Project: Mirado Mine
- Commodity: gold
- Region: canada\_on
- Reported Region: canada\_on
- Ticker: MTA

#### Geometry

- Grade: 3.75
- Grade Unit: g/t
- Intercept: 13.5 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: KLM26-004:78.7-104.8

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: An included high-grade interval within Hole KLM26-004 further confirmed strong mineralization in the South Zone at Mirado Mine.

- Positive factor: High-grade gold intercept within a broader zone

- Positive factor: Confirms strong mineralization

#### Tags used in scoring

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 3.75 g/t Au over 13.5 m is an exceptionally high-grade intercept for gold.

Evidence · text

> 3.75 g/t Au over 13.5 m

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**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

## Resource Estimates (17)

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-22)

Taca Taca · copper

#### Identity

- Project: Taca Taca
- Commodity: copper
- Ticker: MTA

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:5f7b6b80c855dc501607

#### Resource Data

- Category: probable
- Tonnes: 1990000000
- Grade: 0.42
- Grade Unit: %
- Contained Metal: 8429
- Contained Unit: kt

#### Prior Estimate

- Resource Date: 2025-12-31

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Taca Taca reported substantial Proven and Probable Mineral Reserves for copper, indicating a robust and high-confidence resource base for future development.

- Positive factor: Large Proven and Probable Mineral Reserves for copper

- Positive factor: High confidence in the reserve estimate \(NI 43-101 compliant\)

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: Proven and Probable Mineral Reserves total 1,990 Mt grading 0.42% copper and 0.09 g/t gold

Evidence · text

> Proven and Probable Mineral Reserves total 1,990 Mt grading 0.42% copper and 0.09 g/t gold

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: updated technical report for the Taca Taca project prepared in accordance with NI 43-101

Evidence · text

> updated technical report for the Taca Taca project prepared in accordance with NI 43-101

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-23)

Taca Taca · gold

#### Identity

- Project: Taca Taca
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:5f7b6b80c855dc501607

#### Resource Data

- Category: probable
- Tonnes: 1990000000
- Grade: 0.09
- Grade Unit: g/t
- Contained Metal: 5532
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2025-12-31

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Taca Taca reported significant Proven and Probable Mineral Reserves for gold, adding to the project's overall value and confidence.

- Positive factor: Significant Proven and Probable Mineral Reserves for gold

- Positive factor: High confidence in the reserve estimate \(NI 43-101 compliant\)

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: Proven and Probable Mineral Reserves total 1,990 Mt grading 0.42% copper and 0.09 g/t gold

Evidence · text

> Proven and Probable Mineral Reserves total 1,990 Mt grading 0.42% copper and 0.09 g/t gold

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: updated technical report for the Taca Taca project prepared in accordance with NI 43-101

Evidence · text

> updated technical report for the Taca Taca project prepared in accordance with NI 43-101

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-24)

Taca Taca · copper

#### Identity

- Project: Taca Taca
- Commodity: copper
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:2f68a9ad041e65926d4d

#### Resource Data

- Category: indicated
- Tonnes: 2078000000
- Grade: 0.42
- Grade Unit: %
- Contained Metal: 8716
- Contained Unit: kt

#### Prior Estimate

- Resource Date: 2025-12-31

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Taca Taca reported substantial Measured and Indicated Mineral Resources for copper, providing a strong foundation for economic studies and development.

- Positive factor: Large Measured and Indicated Mineral Resources for copper

- Positive factor: High confidence in the resource estimate \(NI 43-101 compliant\)

#### 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: Measured and Indicated Mineral Resources total 2,078 Mt grading 0.42% copper and 0.09 g/t gold

Evidence · text

> Measured and Indicated Mineral Resources total 2,078 Mt grading 0.42% copper and 0.09 g/t gold

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: updated technical report for the Taca Taca project prepared in accordance with NI 43-101

Evidence · text

> updated technical report for the Taca Taca project prepared in accordance with NI 43-101

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-25)

Taca Taca · gold

#### Identity

- Project: Taca Taca
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Effective date: 2025-12-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:2f68a9ad041e65926d4d

#### Resource Data

- Category: indicated
- Tonnes: 2078000000
- Grade: 0.09
- Grade Unit: g/t
- Contained Metal: 5715
- Contained Unit: koz

#### Prior Estimate

- Resource Date: 2025-12-31

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Taca Taca reported significant Measured and Indicated Mineral Resources for gold, further enhancing the project's overall value.

- Positive factor: Significant Measured and Indicated Mineral Resources for gold

- Positive factor: High confidence in the resource estimate \(NI 43-101 compliant\)

#### 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: Measured and Indicated Mineral Resources total 2,078 Mt grading 0.42% copper and 0.09 g/t gold

Evidence · text

> Measured and Indicated Mineral Resources total 2,078 Mt grading 0.42% copper and 0.09 g/t gold

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: updated technical report for the Taca Taca project prepared in accordance with NI 43-101

Evidence · text

> updated technical report for the Taca Taca project prepared in accordance with NI 43-101

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-26)

Tocantinzinho · gold

#### Identity

- Project: Tocantinzinho
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: reserve
- Resource group id: resource:694a0d64fffe03f0bfd7

#### Resource Data

- Category: probable
- Tonnes: 49784000
- Grade: 1.17
- Grade Unit: g/t
- Contained Metal: 1.87
- Contained Unit: moz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Tocantinzinho reported substantial Proven and Probable Reserves for gold, indicating a strong and reliable resource base.

- Positive factor: Significant Proven and Probable Reserves for gold

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: Proven and Probable Reserves of 1.87 Moz of gold at a grade of 1.17 g/t contained in 49,784 kt

Evidence · text

> Proven and Probable Reserves of 1.87 Moz of gold at a grade of 1.17 g/t contained in 49,784 kt

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-27)

Tocantinzinho · gold

#### Identity

- Project: Tocantinzinho
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Resource group id: resource:cffc56a71aa602d7ac76

#### Resource Data

- Category: indicated
- Tonnes: 47665000
- Grade: 1.25
- Grade Unit: g/t
- Contained Metal: 1.92
- Contained Unit: moz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Tocantinzinho reported significant Measured and Indicated Resources for gold, providing a strong base for future mine planning.

- Positive factor: Significant Measured and Indicated Resources for 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: Measured and Indicated Resources of 1.92 Moz gold at a grade of 1.25 g/t within 47,665 kt

Evidence · text

> Measured and Indicated Resources of 1.92 Moz gold at a grade of 1.25 g/t within 47,665 kt

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-28)

Wharf · gold

#### Identity

- Project: Wharf
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: reserve
- Reporting standards: ni\_43\_101
- Resource group id: resource:342b44e18c250c77e978

#### Resource Data

- Category: probable
- Tonnes: 55100000
- Grade: 0.71
- Grade Unit: g/t
- Contained Metal: 1.25
- Contained Unit: moz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Wharf reported a substantial 65% increase in Proven and Probable Mineral Reserves, nearly doubling the mine life and indicating significant project de-risking.

- Positive factor: Proven and Probable Mineral Reserves increased significantly

- Positive factor: Mine life nearly doubled

- Positive factor: High confidence in the reserve estimate \(NI 43-101 compliant\)

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: Proven and Probable Mineral Reserves at Wharf increased by 65% to 1.25 Moz of gold at a grade of 0.71 g/t, contained within 55.1 Mt

Evidence · text

> Proven and Probable Mineral Reserves at Wharf increased by 65% to 1.25 Moz of gold at a grade of 0.71 g/t, contained within 55.1 Mt

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: updated NI 43-101 compliant technical report for Wharf

Evidence · text

> updated NI 43-101 compliant technical report for Wharf

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-29)

Wharf · gold

#### Identity

- Project: Wharf
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:08c0e398b9be33d53b24

#### Resource Data

- Category: indicated
- Tonnes: 61800000
- Grade: 0.6
- Grade Unit: g/t
- Contained Metal: 1.19
- Contained Unit: moz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Wharf reported significant Measured and Indicated Resources for gold, providing a strong base for future mine planning and potential extensions.

- Positive factor: Significant Measured and Indicated Resources for gold

- Positive factor: High confidence in the resource estimate \(NI 43-101 compliant\)

#### 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: Measured and Indicated Resources of 1.19 Moz gold at a grade of 0.6 g/t, contained within 61.8 Mt

Evidence · text

> Measured and Indicated Resources of 1.19 Moz gold at a grade of 0.6 g/t, contained within 61.8 Mt

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: updated NI 43-101 compliant technical report for Wharf

Evidence · text

> updated NI 43-101 compliant technical report for Wharf

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-30)

Wharf · gold

#### Identity

- Project: Wharf
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:0ef9ac7663e1877e2282

#### Resource Data

- Category: inferred
- Tonnes: 72900000
- Grade: 0.63
- Grade Unit: g/t
- Contained Metal: 1.49
- Contained Unit: moz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Wharf reported a substantial Inferred Resource, indicating significant potential for future mine life extensions and exploration upside.

- Positive factor: Significant Inferred Resource provides potential for future mine life extensions

- Positive factor: High confidence in the resource estimate \(NI 43-101 compliant\)

#### 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: total Inferred resource estimate of 72.9 Mt at 0.63 g/t for 1.49 Moz gold

Evidence · text

> total Inferred resource estimate of 72.9 Mt at 0.63 g/t for 1.49 Moz gold

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: updated NI 43-101 compliant technical report for Wharf

Evidence · text

> updated NI 43-101 compliant technical report for Wharf

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-31)

Côté-Gosselin · gold

#### Identity

- Project: Côté-Gosselin
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Resource group id: resource:75e13754d1f473390f75

#### Resource Data

- Category: indicated
- Contained Metal: 18.2
- Contained Unit: moz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Côté-Gosselin reported very large Measured and Indicated Mineral Resources for gold, indicating a significant and high-confidence resource base.

- Positive factor: Very large Measured and Indicated Mineral Resources for 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: 18.2 million ounces Measured and Indicated Mineral Resources

Evidence · text

> 18.2 million ounces Measured and Indicated Mineral Resources

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-32)

Côté-Gosselin · gold

#### Identity

- Project: Côté-Gosselin
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Resource group id: resource:b6f9cf7ad97790f13992

#### Resource Data

- Category: inferred
- Contained Metal: 2.2
- Contained Unit: moz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Côté-Gosselin reported significant Inferred Mineral Resources for gold, indicating further exploration potential.

- Positive factor: Significant Inferred Mineral Resources for 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: 2.2 million ounces Inferred Mineral Resources

Evidence · text

> 2.2 million ounces Inferred Mineral Resources

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-33)

Joaquin · silver

#### Identity

- Project: Joaquin
- Commodity: silver
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:946107953f6710222b06

#### Resource Data

- Category: inferred
- Tonnes: 45300000
- Grade: 85
- Grade Unit: g/t
- Contained Metal: 123
- Contained Unit: moz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Joaquin reported substantial Indicated and Inferred Resources for silver, establishing a significant resource base under JORC\(2012\) standards.

- Positive factor: Significant Indicated and Inferred Resources for silver

- Positive factor: JORC\(2012\) compliant estimate

#### 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: Indicated and Inferred Resources of 45.3 Mt grading 85 g/t silver and 0.36% gold for 123 Moz of silver

Evidence · text

> Indicated and Inferred Resources of 45.3 Mt grading 85 g/t silver and 0.36% gold for 123 Moz of silver

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: JORC\(2012\) Mineral Resource Estimate for Joaquin

Evidence · text

> JORC\(2012\) Mineral Resource Estimate for Joaquin

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-34)

Joaquin · gold

#### Identity

- Project: Joaquin
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- Resource group id: resource:946107953f6710222b06

#### Resource Data

- Category: inferred
- Tonnes: 45300000
- Grade: 0.36
- Grade Unit: %
- Contained Metal: 522
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Joaquin reported significant Indicated and Inferred Resources for gold, adding to the project's overall value under JORC\(2012\) standards.

- Positive factor: Significant Indicated and Inferred Resources for gold

- Positive factor: JORC\(2012\) compliant estimate

#### Tags used in scoring

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: JORC\(2012\) Mineral Resource Estimate for Joaquin

Evidence · text

> JORC\(2012\) Mineral Resource Estimate for Joaquin

**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

#### Rejected tags

**Inferred Resource** — Rejected; excluded from scoring

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Reason: Indicated and Inferred Resources of 45.3 Mt grading 85 g/t silver and 0.36% gold for 522 koz of gold

Evidence · text

> Indicated and Inferred Resources of 45.3 Mt grading 85 g/t silver and 0.36% gold for 522 koz of gold

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-35)

Gurupi · gold

#### Identity

- Project: Gurupi
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Resource group id: resource:48ae60ed3b63eebbccae

#### Resource Data

- Category: indicated
- Tonnes: 43512000
- Grade: 1.31
- Grade Unit: g/t
- Contained Metal: 1.83
- Contained Unit: moz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Gurupi reported significant Indicated Resources for gold, providing a strong base for ongoing technical studies.

- Positive factor: Significant Indicated Resources for 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: Indicated Resources of 1.83 Moz gold at a grade of 1.31 g/t within 43,512 kt

Evidence · text

> Indicated Resources of 1.83 Moz gold at a grade of 1.31 g/t within 43,512 kt

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-36)

Gurupi · gold

#### Identity

- Project: Gurupi
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Resource group id: resource:01b140afdc6f79f0c140

#### Resource Data

- Category: inferred
- Tonnes: 18518000
- Grade: 1.29
- Grade Unit: g/t
- Contained Metal: 0.77
- Contained Unit: moz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Gurupi reported significant Inferred Resources for gold, indicating further exploration potential.

- Positive factor: Significant Inferred Resources for 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: Inferred Resources of 0.77 Moz gold at a grade of 1.29 g/t within 18,518 kt

Evidence · text

> Inferred Resources of 0.77 Moz gold at a grade of 1.29 g/t within 18,518 kt

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-37)

Tower Mountain · gold

#### Identity

- Project: Tower Mountain
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- 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: 2026-05-14T00:00:00.000Z

Reasoning: Tower Mountain reported a significant Indicated Mineral Resource for gold, establishing a solid base for future economic assessment under NI 43-101.

- Positive factor: Significant Indicated Mineral Resource for gold

- Positive factor: NI 43-101 compliant estimate

#### 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: Indicated Mineral Resource of 34.5 Mt averaging 0.46 g/t gold for a total of 514 koz gold

Evidence · text

> Indicated Mineral Resource of 34.5 Mt averaging 0.46 g/t gold for a total of 514 koz gold

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: filed a NI 43-101 Technical Report supporting the Mineral Resource estimate at the Tower Mountain project

Evidence · text

> filed a NI 43-101 Technical Report supporting the Mineral Resource estimate at the Tower Mountain project

**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-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-resource-facts-38)

Tower Mountain · gold

#### Identity

- Project: Tower Mountain
- Commodity: gold
- Ticker: MTA

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:d412a6bde853207b6ca6

#### Resource Data

- Category: inferred
- Tonnes: 211100000
- Grade: 0.45
- Grade Unit: g/t
- Contained Metal: 3.05
- Contained Unit: moz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Tower Mountain reported a very large Inferred Mineral Resource for gold, indicating significant exploration upside and potential for future resource conversion under NI 43-101.

- Positive factor: Very large Inferred Mineral Resource for gold

- Positive factor: NI 43-101 compliant estimate

#### 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: Inferred Mineral Resource of 211.1 Mt averaging 0.45 g/t gold for a total of 3.05 Moz gold

Evidence · text

> Inferred Mineral Resource of 211.1 Mt averaging 0.45 g/t gold for a total of 3.05 Moz gold

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: filed a NI 43-101 Technical Report supporting the Mineral Resource estimate at the Tower Mountain project

Evidence · text

> filed a NI 43-101 Technical Report supporting the Mineral Resource estimate at the Tower Mountain project

**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

## Metallurgical Results (1)

### metallurgical test work studies

[Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-ass--69ec5b32-8493-46eb-85b0-faaa349ad973#fact-metallurgical-facts-57)

Plomosas

#### Identity

- Project: Plomosas
- Ticker: MTA

#### Test Work

- Test Type: metallurgical test work studies
- Sample: Sampled and composite feed grades in zones targeted for the BSTM in the historical Plomosas Mine

#### Recovery

- Recovery Basis: actual\_test

#### Reagents

- Reagent Notes: concentrates that were within acceptable commercial specifications with no concerns over potential penalties or deleterious elements.

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-14T00:00:00.000Z

Reasoning: Metallurgical test work at Plomosas yielded positive results, with concentrates meeting commercial specifications and no penalty elements, supporting de-risking and pilot plant design.

- Positive factor: Concentrates met commercial specifications

- Positive factor: No concerns over penalties or deleterious elements

- Positive factor: Supports basic engineering and pilot plant design

#### Rejected tags

**Clean Ore** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: concentrates that were within acceptable commercial specifications with no concerns over potential penalties or deleterious elements.

Evidence · text

> concentrates that were within acceptable commercial specifications with no concerns over potential penalties or deleterious elements.

## 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.