# METALLA REPORTS RECORD 2025 FINANCIAL RESULTS HIGHLIGHTING PORTFOLIO INFLECTION AND FUTURE CASH FLOW GROWTH Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476 Original source: https://money.tmx.com/en/quote/MTA/news/5986486554443228/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection- Publisher: tmx Original announcement: 2026-03-26T11:00:00.000Z 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, Lead, Zinc - Document categories: Resource update, Production, Economic study, Capital raise, Permitting, Agreement transaction - Extracted: 2026-09-18 11:02:06 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Metalla Royalty & Streaming Ltd. reported record financial results for the year ended December 31, 2025, with attributable Gold Equivalent Ounces \(GEOs\) increasing 38% to 3,436 GEOs. The company also provided numerous updates across its royalty and stream portfolio, including significant resource estimates for the Taca Taca, Tocantinzinho, Wharf, Gurupi, Joaquin, and Tower Mountain projects. Economic studies are advancing for 15-Mile \(PFS\), Copper World \(DFS\), Gurupi \(PEA\), and Tower Mountain \(PEA\), while key permits are progressing for Castle Mountain, Taca Taca, and Gurupi. Reasoning: Metalla reported record financial results for 2025, driven by increased attributable GEOs and higher realized prices. The company also provided numerous positive updates across its portfolio, including new resource estimates and progress on economic studies and permitting for key projects. - Positive factor: record financial results - Positive factor: significant increase in attributable GEOs - Positive factor: multiple positive project updates - Positive factor: advancing economic studies and permitting Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 43 ## 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 ## Extracted facts Stored fact records: 17. Some facts used in scoring do not have a stored record. ## Resource Estimates (17) ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-16) Taca Taca · copper #### Identity - Project: Taca Taca - Commodity: copper - Region: argentina - Reported Region: Argentina - Ticker: MTA #### Resource scope - Estimate type: reserve - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:ead751febf5205107904 - Mining method: open\_pit #### 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: 2026-03-26T00:00:00.000Z Reasoning: Updated Proven and Probable Mineral Reserves for Taca Taca project. - Positive factor: large reserve base - Positive factor: high confidence category Evidence · text > Proven and Probable Mineral Reserves total 1,990 Mt grading 0.42% copper and 0.09 g/t gold, containing an estimated 8,429 kt of copper #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-17) Taca Taca · gold #### Identity - Project: Taca Taca - Commodity: gold - Region: argentina - Reported Region: Argentina - Ticker: MTA #### Resource scope - Estimate type: reserve - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:ead751febf5205107904 - Mining method: open\_pit #### 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: 2026-03-26T00:00:00.000Z Reasoning: Updated Proven and Probable Mineral Reserves for Taca Taca project, including gold byproduct. - Positive factor: significant gold byproduct Evidence · text > 0.09 g/t gold, containing an estimated ... 5,532 koz gold #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-18) Taca Taca · copper #### Identity - Project: Taca Taca - Commodity: copper - Region: argentina - Reported Region: Argentina - Ticker: MTA #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:039130133cb25361da81 - Mining method: open\_pit #### 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: 2026-03-26T00:00:00.000Z Reasoning: Updated Measured and Indicated Mineral Resources for Taca Taca project. - Positive factor: large resource base - Positive factor: high confidence category Evidence · text > Measured and Indicated Mineral Resources total 2,078 Mt grading 0.42% copper and 0.09 g/t gold, containing an estimated 8,716 kt of copper #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-19) Taca Taca · gold #### Identity - Project: Taca Taca - Commodity: gold - Region: argentina - Reported Region: Argentina - Ticker: MTA #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:039130133cb25361da81 - Mining method: open\_pit #### 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: 2026-03-26T00:00:00.000Z Reasoning: Updated Measured and Indicated Mineral Resources for Taca Taca project, including gold byproduct. - Positive factor: significant gold byproduct Evidence · text > 0.09 g/t gold, containing an estimated ... 5,715 koz 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-20) Tocantinzinho · gold #### Identity - Project: Tocantinzinho - Commodity: gold - Ticker: MTA #### Resource scope - Estimate type: reserve - Effective date: 2025-12-31T00:00:00.000Z - Resource group id: resource:6f7f02cfc96400af5876 #### Resource Data - Category: probable - Tonnes: 49784000 - Grade: 1.17 - Grade Unit: g/t - Contained Metal: 1.87 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-26T00:00:00.000Z Reasoning: Year-end Mineral Reserves for Tocantinzinho. - Positive factor: updated reserves 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 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-21) Tocantinzinho · gold #### Identity - Project: Tocantinzinho - Commodity: gold - Ticker: MTA #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Resource group id: resource:c3621b8ac1a2c91976c4 #### Resource Data - Category: indicated - Tonnes: 47665000 - Grade: 1.25 - Grade Unit: g/t - Contained Metal: 1.92 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-26T00:00:00.000Z Reasoning: Year-end Mineral Resources for Tocantinzinho. - Positive factor: updated resources Evidence · text > Measured and Indicated Resources of 1.92 Moz gold at a grade of 1.25 g/t within 47,665 kt #### 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-22) Wharf · gold #### Identity - Project: Wharf - Commodity: gold - Ticker: MTA #### Resource scope - Estimate type: reserve - 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: 2026-03-26T00:00:00.000Z Reasoning: Updated Proven and Probable Mineral Reserves for Wharf, showing a 65% increase. - Positive factor: significant increase in reserves - Positive factor: extended mine life 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 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: the source states a 65% increase in contained ounces ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-23) Wharf · gold #### Identity - Project: Wharf - Commodity: gold - Ticker: MTA #### Resource scope - Estimate type: resource - 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: 2026-03-26T00:00:00.000Z Reasoning: Updated Measured and Indicated Mineral Resources for Wharf. - Positive factor: updated resources Evidence · text > Measured and Indicated Resources of 61.8 Mt at 0.6 g/t for 1.19 Moz 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-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-24) Wharf · gold #### Identity - Project: Wharf - Commodity: gold - Ticker: MTA #### Resource scope - Estimate type: resource - 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: 2026-03-26T00:00:00.000Z Reasoning: Inferred Mineral Resources for Wharf, indicating potential for further mine life extensions. - Positive factor: additional resource potential Evidence · text > Inferred resource estimate of 72.9 Mt at 0.63 g/t for 1.49 Moz 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-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-25) Gurupi · gold #### Identity - Project: Gurupi - Commodity: gold - Ticker: MTA #### Resource scope - Estimate type: resource - Resource group id: resource:91418c285b6268f0123e - Deposit or zone: Gosselin #### 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: 2026-03-26T00:00:00.000Z Reasoning: Year-end Indicated Mineral Resources for Gurupi. - Positive factor: updated resources Evidence · text > Indicated Resources of 1.83 Moz gold at a grade of 1.31 g/t within 43,512 kt #### 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-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-26) Gurupi · gold #### Identity - Project: Gurupi - Commodity: gold - Ticker: MTA #### Resource scope - Estimate type: resource - Resource group id: resource:dd1a1a7207f769b867d6 - Deposit or zone: Gosselin #### 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: 2026-03-26T00:00:00.000Z Reasoning: Year-end Inferred Mineral Resources for Gurupi. - Positive factor: additional resource potential Evidence · text > Inferred Resources of 0.77 Moz gold at a grade of 1.29 g/t within 18,518 kt #### 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-27) 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: 2026-03-26T00:00:00.000Z Reasoning: Maiden JORC Mineral Resource Estimate for Joaquin, including silver. - Positive factor: maiden JORC estimate - Positive factor: significant silver resource - Negative factor: high inferred component Evidence · text > Indicated and Inferred Resources at Joaquin of 45.3 Mt grading 85 g/t silver and 0.36% gold for 123 Moz of silver #### 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-28) 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: 2026-03-26T00:00:00.000Z Reasoning: Maiden JORC Mineral Resource Estimate for Joaquin, including gold byproduct. - Positive factor: maiden JORC estimate - Positive factor: significant gold byproduct - Negative factor: high inferred component Evidence · text > 0.36% gold for ... 522 koz of 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-29) Tower Mountain · gold #### Identity - Project: Tower Mountain - Commodity: gold - Region: canada\_on - Reported Region: Ontario - 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: 2026-03-26T00:00:00.000Z Reasoning: Inaugural Indicated Mineral Resource estimate for Tower Mountain. - Positive factor: inaugural resource estimate Evidence · text > Indicated Mineral Resource of 34.5 Mt averaging 0.46 g/t gold for a total of 514 koz 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-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-30) Tower Mountain · gold #### Identity - Project: Tower Mountain - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: MTA #### Resource scope - Estimate type: resource - 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: 2026-03-26T00:00:00.000Z Reasoning: Inaugural Inferred Mineral Resource estimate for Tower Mountain. - Positive factor: significant inferred resource Evidence · text > Inferred Mineral Resource of 211.1 Mt averaging 0.45 g/t gold for a total of 3.05 Moz 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-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-31) 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:6e1a26b23472f6f4ad88 #### 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 #### Dates - Event date: 2026-03-26T00:00:00.000Z Reasoning: Historical Measured and Indicated Mineral Resource estimate for Del Toro. - Negative factor: historical estimate only - Negative factor: metal equivalent opaque Evidence · text > historical Measured and Indicated Mineral Resource estimate consisting of 592 kt grading 398 g/t for 7.57 Moz silver-equivalent #### 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-reports-record-2025-financial-results-highlighting-portfolio-inflection--f27b286e-ec76-418e-baac-69e9427b2476#fact-resource-facts-32) 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:3b579470b12dd7eb106a #### 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 #### Dates - Event date: 2026-03-26T00:00:00.000Z Reasoning: Historical Inferred Mineral Resource estimate for Del Toro. - Negative factor: historical estimate only - Negative factor: metal equivalent opaque Evidence · text > historical Inferred Mineral Resource estimate of 1.19 million tonnes grading 293 g/t for 11.8 Moz silver-equivalent #### 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 ## 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.