Metalla completes Wharf mine royalty acquisition

On June 30, 2020, Metalla Royalty & Streaming Ltd. (TSXV: MTA) (NYSE American: MTA) announced that it had completed its acquisition of a net 1.0% royalty interest on the operating Wharf mine owned by Coeur Mining, Inc. (NYSE: CDE) from third parties for total consideration of US$5.77 million, consisting of $1.0 million in cash and the issuance of 899,201 Metalla common shares.

Wharf has been in production since 1983 and is an open pit, heap leach operation located in the Northern Black Hills of South Dakota.

Gowling WLG advised Metalla with respect to this transaction with a team that included Denis Silva and Jill Dunn (corporate) and Brent Kerr and Anita Yuk (tax).