04:57 PM EDT, 05/15/2024 (MT Newswires) -- Metalla Royalty & Streaming ( MTA ) after trade Wednesday reported results for the first quarter of 2024 that represented something of a steadying of the ship after its recent merger with Nova Royalty.

It recognized revenue from royalty and stream interests, including fixed royalty payments, of US$1.3 million, up from nearer US$981,000 a year earlier and a net loss of US$1.7 million compared to a net loss of US$1.36 million.

Among other highlights, it received or accrued payments on 624 attributable Gold Equivalent Ounces at an average realized price of US$2,069 and an average cash cost of US$8 per attributable GEO. It generated operating cash margin of US$2,061 per attributable GEO from the Wharf, El Realito, Aranzazu, La Encantada, the New Luika Gold Mine stream held by Silverback Ltd., and other royalty interests.

Brett Heath, President and CEO, in Wednesday's statement said, "In the first quarter of 2024 we focused on integrating and streamlining our business following the completion of the merger with Nova Royalty in December 2023. Now we will continue to seek acquisitions that will be accretive to shareholders and look for ways to refine our current portfolio of royalties to maximize value."

Metalla shares closed up C$0.07 to C$4.12 on the TSX Venture Exchange.