Metalla Royalty & Streaming (MTA) Q1 2026 earnings summary

Executive summary

• Achieved revenue of $3.1 million, up 78% year-over-year, and returned to net income of $0.1 million from a net loss of $0.7 million in Q1 2025.

• Adjusted EBITDA reached $1.9 million, a 115% increase year-over-year, with six producing royalties generating an operating cash margin of $4,848 per GEO.

• Received or accrued payments on 660 attributable Gold Equivalent Ounces (GEOs) at an average realized price of $4,871 per GEO.

• Production expected to be weighted to the second half of 2026 as new assets come online and cornerstone projects advance.

Financial highlights

• Revenue from royalty interests was $3.1 million for Q1 2026, up from $1.7 million in Q1 2025.

• Net income of $0.1 million compared to a net loss of $0.7 million year-over-year.

• Adjusted EBITDA of $1.9 million, up from $0.9 million in Q1 2025.

• Operating cash margin per attributable GEO was $4,848.

Outlook and guidance

• Production for 2026 expected to be back-end weighted as Tocantinzinho and Wharf ramp up, and La Parrilla and Amalgamated Kirkland begin contributing cash flows.

• IAMGOLD to release an updated technical report for Côté-Gosselin in Q4 2026, with a larger scale mine plan.

• Initial cash flows from Amalgamated Kirkland and La Parrilla expected as early as Q2 2026.