When you buy a gold miner, you buy their costs with it. The capex, the overruns, the diesel, the labor, the grade misses. Today's sponsor built a business designed to own the gold without owning the problems.
Mattala Royalty and Streaming, ticker MTA on the NYC American and TSX Venture exchanges, holds close to 100 gold, silver, and copper royalties across North America, South America, and Australia.
A royalty company doesn't build mines and doesn't operate them. It holds a financial interest in production, so shareholders get leveraged exposure to the metal without the capital costs and without the operating risk.
And these aren't lottery tickets. Metalla's royalties sit on assets operated by Agnico Eagle, I am Gold, First Quantum, Kerr, and Nevada Gold Mines, among the largest, best capitalized operators in the industry.
They fund their drilling and they fund the mine build. Metalla holds the royalty. Now, here's the part most investors haven't done the work on today. Roughly 11% of Metalla's portfolio by net present value is in production.
By 2030, the company expects that to be 50% or more. That's a massive growth trajectory, a portfolio moving from development into cash flow.