Billion-Dollar Streams, 35% Growth, and a Royalty Repricing | Brett Heath

Описание: 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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