“The sale is consistent with Alamos’ strategy of monetizing and maximizing the value of its non-core assets while focusing on advancing its strong portfolio of high-return growth projects,” the Toronto-based miner said in its release.
The sale of non-core assets and equity in other companies over the past two years has realized some C$100 million for the intermediate gold producer.
Metalla, which reported a net loss of $6 million for the nine months through September, adds to its portfolio of royalties and streams across the Americas, a few in Australia and one in Africa.
“This transaction adds meaningful silver leverage to our portfolio while complementing our Canadian exploration portfolio in known mining camps and on proven geological trends,” Brett Heath, president and CEO of Metalla, said in a statement.
Metalla is acquiring the 20% silver stream on Zacatecas Silver’s (TSXV: ZAC) Esperanza gold…
