Coeur Mining to become largest shareholder in Metalla Royalty & Streaming

Metalla Royalty & Streaming (CSE: MTA; US-OTC: EXCFF) is picking up a package of three royalties and one stream – two of which are currently in production – from Coeur Mining (NYSE: CDE) in a deal worth US$13 million. In exchange, Coeur will receive about 19.9% of the junior’s common shares and the balance of the purchase price will be in the form of an unsecured convertible debenture bearing interest at 5% a year. The assets in Australia, Argentina, Ecuador and Chile are owned by CBH Resources, Pan American Silver (TSX: PAA; NASDAQ: PAAS), Dynasty Metals & Mining (TSX: DMM; US-OTC: DMMIF) and Regulus Resources (TSXV: REG). The company’s strategy is to target royalties and streams on the smaller side of the spectrum to avoid competition with the bigger and more powerful companies like Franco-Nevada (TSX: FNV; NYSE: FNV), Silver Wheaton (TSX: SLW; NYSE: SLW), Royal Gold (NASDAQ: RGLD), Osisko Gold Royalties (TSX: OR; NYSE: OR) and Sandstorm Gold (TSX: SSL; NYSE: SAND). Continue reading at The Northern Miner.