07:44 AM EST, 11/03/2025 (MT Newswires) -- Metalla Royalty & Streaming ( MTA ) traded 1.8% higher at last look Monday in NYSE American pre-market trading as the company completed the acquisition of the remaining 0.15% net smelter royalty interest on a portion of the Cote gold mine and the Gosselin project in Ontario.

Metalla said it paid C$3.4 million to acquire the royalty interest, increasing its total royalty percentage at Cote to 1.5%.

The mine reached commercial production in August 2024 after pouring its first gold in March 2024. With plans to integrate the Gosselin deposit into an updated mine plan and boost overall throughput, the mine is positioned to become one of Canada's largest gold-producing complexes, Metalla said.

"By increasing our royalty, we have enhanced our leverage to one of the premier gold assets globally," chief executive officer Brett Heath said. "IAMGOLD ( IAG ) continues to demonstrate the scale and quality of the Cote-Gosselin system. We expect this acquisition to further bolster Metalla's portfolio as IAMGOLD ( IAG ) expects to integrate Gosselin into the mine plan and resources continue to expand."

The Cote mine is owned by Iamgold ( IAG ) and Sumitomo Metal Mining.