이 에피소드에 관해
Metalla Royalty & Streaming (NYSE American: MTA; TSXV: MTA) CEO Brett Heath joins Kitco Mining’s Investment Trends at the 35th BMO Metals & Mining Conference as the royalty sector sees a surge in billion-dollar deals.
Following a $4.3 billion copper stream and other large transactions, Heath says the activity reflects structural change tied to higher metal prices and looming supply needs. “We’re entering a period of time right now where there’s going to be a new copper build cycle,” he said, arguing royalties and streams will play a growing role in financing multi-billion-dollar projects.
Heath also discusses Tether’s expanding ownership in the sector, gold-token dividends, and increasing generalist investor interest. After reporting record 2025 revenue of just under $12 million, which he called “a step change,” Metalla is targeting roughly 35% compound annual growth toward 2030 while trading near 0.6x NAV at spot prices.
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00:27 – Surge in Billion-Dollar Royalty & Streaming Deals
02:01 – Copper Build Cycle and Mega Project Financing
04:41 – Tether’s Entry into the Royalty Sector
07:57 – Gold-Backed Token Dividends Explained
09:09 – Metalla’s Record 2025 Revenue and Step Change
10:17 – 35% CAGR Growth Drivers Toward 2030
12:31 – Higher Gold Prices Expand Royalties and Mine Life
16:14 – Deal Flow Dynamics in a High-Liquidity Market
18:29 – Mid-Tier Valuation Gap and NAV Discount
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Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.
