Metalla Royalty & Streaming (MTA) 40-F 28 Mar 24 2023 FY Annual report (Canada) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2023 shares
Entity Addresses [Line Items]
Entity Registrant Name	Metalla Royalty & Streaming Ltd.
Entity Central Index Key	0001722606
Current Fiscal Year End Date	--12-31
Document Type	40-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Entity Common Stock, Shares Outstanding	90,877,231
Entity Current Reporting Status	Yes
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Interactive Data Current	Yes
Entity File Number	001-39166
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	543 Granville Street
Entity Address, Address Line Two	Suite 501
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V6C 1X8
City Area Code	604
Local Phone Number	696-0741
Annual Information Form	true
Audited Annual Financial Statements	true
Document Annual Report	true
Document Registration Statement	false
Trading Symbol	MTA
Title of 12(b) Security	Common shares, no par value
Security Exchange Name	NYSE
Auditor Name	KPMG LLP
Auditor Location	Canada
Auditor Firm ID	85
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	Columbia Center
Entity Address, Address Line Two	701 Fifth Avenue, Suite 6100
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98104-7043
City Area Code	206
Local Phone Number	903-8800
Contact Personnel Name	DL Services Inc.

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 14,107	$ 4,555
Accounts receivable	2,811	1,506
Derivative royalty asset	0	2,182
Prepaid expenses and other	734	1,323
Total current assets	17,652	9,566
Non-current assets
Royalty, stream, and other interests	257,824	120,728
Investment in Silverback	450	595
Deferred income tax assets	105	0
Total non-current assets	258,379	121,323
TOTAL ASSETS	276,031	130,889
Current liabilities
Trade and other payables	5,394	1,286
Current acquisition payables	1,598	5,250
Total current liabilities	6,992	6,536
Non-current liabilities
Loans payable	13,027	5,335
Derivative loan liabilities	561	0
Acquisition payable	2,028	0
Deferred income tax liabilities	536	457
Total non-current liabilities	16,152	5,792
Total liabilities	23,144	12,328
EQUITY
Share capital	303,323	161,696
Reserves	12,930	13,199
Deficit	(63,366)	(56,334)
Total equity	252,887	118,561
TOTAL LIABILITIES AND EQUITY	$ 276,031	$ 130,889

CONSOLIDATED STATEMENTS OF LOSS

CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Profit or loss [Abstract]
Revenue from royalty interests	$ 4,595	$ 2,413
Depletion on royalty interests	(2,389)	(1,807)
Gross profit	2,206	606
General and administrative expenses	(4,930)	(3,886)
Share-based payments	(2,255)	(2,881)
Royalty interest impairment	(2,355)	(3,660)
Loss from operations	(7,334)	(9,821)
Share of net income (loss) of Silverback	75	(589)
Mark-to-market gain on derivative royalty asset	684	532
Mark-to-market gain on derivative loan liabilities	673	0
Interest expense	(1,170)	(1,287)
Finance charges	(206)	(138)
Gain (loss) on modification of loan payable	(1,658)	346
Gain on sales of mineral claims	5,093	0
Foreign exchange gain (loss)	(610)	35
Other income (expenses)	(23)	36
Loss before income taxes	(4,476)	(10,886)
Current income tax expense	(1,227)	(53)
Deferred income tax recovery (expense)	(134)	11
Net loss and comprehensive loss	$ (5,837)	$ (10,928)
Earnings (loss) per share - basic	$ (0.11)	$ (0.24)
Earnings (loss) per share - diluted	$ (0.11)	$ (0.24)
Weighted average number of shares outstanding - basic	55,223,734	44,798,615
Weighted average number of shares outstanding - diluted	55,223,734	44,798,615

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (5,837)	$ (10,928)
Items not affecting cash:
Gain on sales of mineral claims	(5,093)	0
Share of net loss (income) of Silverback	(75)	589
Mark-to-market gain on derivative royalty asset	(684)	(532)
Mark-to-market gain on derivative loan liabilities	(673)	0
Depletion	2,389	1,807
Interest and accretion expense	1,169	1,287
Finance charges	206	138
Loss (gain) on modification of loan payable	1,658	(346)
Royalty interest impairment	2,355	3,660
Share-based payments	2,255	2,881
Income tax expense	1,361	42
Unrealized foreign exchange loss (gain)	485	(137)
Other	(136)	17
Total items not affecting cash before changes in non-cash working capital items	(620)	(1,522)
Payments received from derivative royalty asset	2,715	2,365
Income taxes paid	(825)	(268)
Changes in non-cash working capital items:
Accounts receivable	(262)	(186)
Prepaid expenses and other	854	(588)
Trade and other payables	(1,344)	164
Net cash provided by (used in) operating activities	518	(35)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions of royalty and stream interests	(8,777)	(1,467)
Dividends received from Silverback	220	157
Sale of mineral claims	4,972	0
Net cash used in investing activities	(3,585)	(1,310)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Beedie subscription	11,113	0
Proceeds from exercise of stock options	442	350
Proceeds from ATM, net of share issue costs	4,142	4,075
Dividends paid	(1,195)	0
Interest paid	(809)	(494)
Finance charges paid	(864)	(138)
Net cash provided by financing activities	12,829	3,793
Effect of exchange rate changes on cash and cash equivalents	(210)	(237)
Changes in cash and cash equivalents during period	9,552	2,211
Cash and cash equivalents, beginning of period	4,555	2,344
Cash and cash equivalents, end of period	$ 14,107	$ 4,555

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Share capital [Member]	Reserves [Member]	Deficit [Member]	Total
Balance opening at Dec. 31, 2021	$ 133,906	$ 12,051	$ (45,406)	$ 100,551
Balance opening (shares) at Dec. 31, 2021	44,035,569
Shares issued in ATM, net of issue costs	$ 4,076			$ 4,076
Shares issued in ATM, net of issue costs (in shares)	752,296			752,296
Acquisition of royalties and other interests	$ 21,632			$ 21,632
Acquisition of royalties and other interests(shares)	4,168,056			4,168,056
Exercise of stock options	$ 857	(507)		$ 350
Exercise of stock options (shares)	380,456
Shares issued on vesting of restricted share units	$ 1,225	(1,225)
Shares issued on vesting of restricted share unit (shares)	131,500
Share-based payments - stock options		1,524		1,524
Share-based payments - restricted share units		1,356		1,356
Loss for the period			(10,928)	(10,928)
Balance ending at Dec. 31, 2022	$ 161,696	13,199	(56,334)	$ 118,561
Balance ending (shares) at Dec. 31, 2022	49,467,877			49,467,877
Shares issued in ATM, net of issue costs	$ 4,142			$ 4,142
Shares issued in ATM, net of issue costs (in shares)	944,396			944,396
Acquisition of Nova Royalty Corp.	$ 112,053	1,152		$ 113,205
Acquisition of Nova Royalty Corp. (shares)	34,943,542
Acquisition of royalties and other interests	$ 6,225			$ 6,225
Acquisition of royalties and other interests(shares)	1,406,182			1,406,182
Beedie subscription	$ 11,113			$ 11,113
Beedie subscription (shares)	2,835,539
Conversion of loan payable	$ 3,330	(433)		2,897
Conversion of loan payable (shares)	545,702
Extinguishment of loan payable	$ 1,210	(131)		1,079
Exercise of stock options	$ 1,340	(898)		442
Exercise of stock options (shares)	463,289
Shares issued on vesting of restricted share units	$ 2,214	(2,214)
Shares issued on vesting of restricted share unit (shares)	270,704
Share-based payments - stock options		734		734
Share-based payments - restricted share units		1,521		1,521
Dividends paid			(1,195)	(1,195)
Loss for the period			(5,837)	(5,837)
Balance ending at Dec. 31, 2023	$ 303,323	$ 12,930	$ (63,366)	$ 252,887
Balance ending (shares) at Dec. 31, 2023	90,877,231			90,877,231

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2023
Nature Of Operations [Abstract]
NATURE OF OPERATIONS [Text Block]	1. NATURE OF OPERATIONS Metalla Royalty & Streaming Ltd. (" Metalla Company Common Shares TSX-V MTA NYSE MTA The Company has incurred a cumulative deficit to date of $63.4 million as at December 31, 2023, and has had losses from operations for multiple years. Continued operations of the Company are dependent on the Company's ability to generate profitable earnings in the future, receive continued financial support, and/or complete external financing. Management expects that its cash balance, cash flows from operating activities, and available credit facilities will be sufficient to fund the operations of the Company for at least the next twelve months.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Disclosure Of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]	2. SUMMARY OF MATERIAL ACCOUNTING POLICIES (a) Statement of Compliance The consolidated financial statements have been prepared using accounting policies in compliance with International Financial Reporting Standards (" IFRS IASB (b) Basis of Preparation and Measurement These consolidated financial statements have been prepared on a historical cost basis, except for financial instruments, which have been measured at fair value. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting except for cash flow information. These consolidated financial statements are presented in United States dollars except as otherwise indicated. (c) Foreign Currency Translation The functional currency of the Company and its subsidiaries is the principal currency of the economic environment in which they operate. For the Company and its subsidiaries, the functional currency is the U.S. dollar. The presentation currency for the Company is the U.S. dollar. Transactions in currencies other than the functional currency are recorded at exchange rates prevailing on the dates of the transactions. At the end of each reporting period, the monetary assets and liabilities of the Company that are denominated in foreign currencies are translated at the rate of exchange at the reporting date while non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at the exchange rates approximating those in effect on the date of the transactions. Exchange gains and losses arising on translation are included in the consolidated statement of loss and comprehensive loss. (d) Principles of Consolidation These consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, including its principal subsidiaries Nova Royalty Corp. (Canada), Royalty & Streaming Mexico S.A. de C.V. (Mexico), Metalla America Ltd. (USA), Nova Royalty USA Corp. (USA), MTA Royalty & Streaming Pty Ltd. (Australia), ValGold Resources Ltd. (Canada), Geological Services Inc. (USA), Idaho Resources Corporation (USA), Genesis Gold Corporation (USA), and Metalla SEZC (Cayman Islands). All intercompany balances and transactions have been eliminated on consolidation. Subsidiaries Subsidiaries are all entities over which the Company has exposure to variable returns from its involvement and has the ability to use power over the investee to affect its returns. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company until the date on which control ceases. (e) Business Combinations A business combination is an acquisition of assets and liabilities that constitute a business. A business is an integrated set of activities and assets that consist of inputs and processes, including operational processes that, when applied to those inputs, have the ability to create outputs that provide a return to the Company and its shareholders. A business also includes those assets and liabilities that do not necessarily have all the inputs and processes required to produce outputs, but can be integrated with the inputs and processes of the Company to create outputs. When acquiring a set of activities or assets in the exploration and development stage, which may not have outputs, the Company considers other factors to determine whether the set of activities or assets is a business. Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is allocated to the identifiable assets acquired and liabilities assumed based on the acquisition-date fair value. The excess of the cost of acquisition over the fair value of the Company's share of the identifiable net assets acquired is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets acquired, the difference, or gain, is recognized directly in the consolidated statement of operations. The results of businesses acquired during the period are included in the financial statements from the date of acquisition. Acquisition-related costs are expensed as incurred. Provisional fair values are finalized within 12 months of the acquisition date. Measurement period adjustments are adjustments that arise from additional information obtained during the measurement period about facts and circumstances that existed at the acquisition date. (f) Royalty, Stream, and Other Interests Royalty, stream, and other interests consist of acquired royalty, stream, and other interests. These interests are recorded at cost and capitalized as tangible assets with finite lives. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. Project evaluation costs that are not related to a specific royalty or stream asset are expensed in the period incurred. Borrowing costs attributed to the acquisition of qualifying assets are capitalized to royalty, stream, and other interests, and are included in the carrying amounts of related assets until the asset is available for use in the manner intended by management. Producing royalty and stream interests are depleted using the units-of-production method over the life of the property to which the interest relates, which is estimated using available information of proven and probable reserves and the portion of resources expected to be classified as mineral reserves at the mine corresponding to the specific agreement. On acquisition of a royalty or stream interest, an allocation of its fair value may be attributed to the exploration potential of the interest and is recorded as an exploration asset on the acquisition date. The carrying value of the exploration potential is accounted for in accordance with IFRS 6 Exploration and Evaluation of Mineral Resources (" IFRS 6 IAS 16 (g) Impairment of Royalty, Stream, and Other Interests The carrying amounts of non-financial assets, excluding deferred income tax assets, are reviewed for impairment at each reporting date, or whenever events or changes in circumstances indicate the carrying amounts may not be recoverable. If there are indicators of impairment, a review is undertaken to determine whether the carrying amounts are in excess of their recoverable amounts. Reviews are undertaken on an asset-by-asset basis, except where the recoverable amount for an individual asset cannot be determined, in which case the review is undertaken at the cash-generating unit (" CGU If the carrying amount of a CGU or non-financial asset exceeds the recoverable amount, being the higher of its fair value less costs to sell and its value-in-use, an impairment loss is recognized in net loss as the excess of the carrying amount over the recoverable amount. With respect to CGUs, impairment losses are allocated to reduce the carrying amounts of the assets of the CGU on a pro-rata basis. The future cash flows expected is derived using estimates of proven and probable reserves, a portion of resources that is expected to be converted into reserves and information regarding the Company's royalty, stream, and other production-based interests, respectively, that could affect the future recoverability of the Company's interests. Discount factors are determined individually for each asset and reflect their respective risk profiles. In certain circumstances, the Company may use a market approach in determining the recoverable amount which may include an estimate of (a) net present value of estimated future cash flows; (b) dollar value per ounce or pound of reserve/resource; (c) cash-flow multiples; and/or (d) market capitalization of comparable assets. Non-financial assets that have previously been impaired are tested for a possible reversal of the impairment whenever events or changes in circumstances indicate that the impairment may have reversed, or may have partially reversed. In these instances, the impairment loss is reversed to the recoverable amount but not beyond the carrying amount, net of amortization, that would have arisen if the prior impairment loss had not been recognized. (h) Revenue Recognition Revenue is comprised of revenue earned in the year from royalty, stream, and other interests. The Company recognizes revenue upon the transfer of control of the relevant commodity to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those commodities. For stream interests, revenue recognition occurs when the relevant commodity received from the stream operator is delivered by the Company to its third-party customers. Revenue is measured at the fair value of the consideration received or receivable when management can reliably estimate the amount, pursuant to the terms of the sales contract. For royalty interests, revenue recognition occurs when control of the relevant commodity is transferred to the end customer by the operator of the royalty property. Revenue is measured at the fair value of the consideration received or receivable when management can reliably estimate the amount, pursuant to the terms of the royalty agreement. In some instances, the Company will not have access to sufficient information to make a reasonable estimate of consideration to which it expects to be entitled and, accordingly, revenue recognition is deferred until management can make a reasonable estimate. Differences between estimates and actual amounts are adjusted and recorded in the period that the actual amounts are known. (i) Financial Instruments All financial instruments are initially recorded at fair value and designated as follows: Cash includes cash on account and is subsequently measured at amortized cost. Trade receivables relate to amounts received from sales of refined gold and silver and royalty revenue. These receivables are non-interest bearing and are recognized at fair value and are subsequently measured at amortized cost. The Company has applied the simplified approach to determining expected credit losses, which requires expected lifetime losses to be recognized upon initial recognition of the receivables. Marketable securities are designated as fair value through profit and loss (" FVTPL FVOCI Derivative royalty assets and derivative loan liabilities are designated as FVTPL. Fair values are determined using a valuation model and inputs that are not based on observable market data. Accounts payables, accrued liabilities, and loans payable are initially recorded at fair value, less transaction costs. These financial liabilities are subsequently measured at amortized cost, calculated using the effective interest rate method. (j) Related Party Transactions Parties are considered related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered related if they are subject to common control or significant influence. A transaction is considered a related party transaction when there is a transfer of resources or obligations between related parties. (k) Share Capital Common shares issued for non-monetary consideration are recorded at their fair value based on closing price on the measurement date and classified as equity. The measurement date is defined as the earliest of the date at which the commitment for performance by the counterparty to earn the common shares is reached or the date at which the counterparty's performance is complete. The proceeds from the issue of units are allocated between common shares and share purchase warrants on a pro-rata basis based on the relative fair values. The fair value of the common shares is based on the market closing price on the date of issuance and the fair value of the share purchase warrants is determined using the Black-Scholes option pricing model. Transaction costs directly attributable to the issue of common shares are recognized as a deduction from equity, net of any tax effects. (l) Earnings (loss) Per Share The Company presents basic earnings (loss) per share data for its common shares, calculated by dividing the income (loss) attributable to equity holders of the Company by the weighted average number of common shares issued and outstanding during the period. Diluted earnings per share is calculated by adjusting the earnings attributable to equity holders and the weighted average number of common shares outstanding for the effects of all potentially dilutive common shares. The calculation of diluted earnings per share assumes that the proceeds to be received on the exercise of dilutive share options and warrants are used to repurchase common shares at the average market price during the period. In periods where a loss is reported, diluted loss per share is the same as basic loss per share as the effects of potentially dilutive common shares would be anti-dilutive. (m) Income Taxes Income tax expense consists of current and deferred tax expense. Income tax expense is recognized in the consolidated statement of loss and comprehensive loss. Current tax expense is the expected tax payable on the taxable income for the period, using tax rates enacted or substantively enacted at period end, adjusted for amendments to tax payable with regards to previous periods. Deferred tax assets and liabilities are recognized for deferred tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and losses carried forward. Deferred tax assets and liabilities are measured using the enacted or substantively enacted tax rates expected to apply when the asset is realized or the liability is settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that substantive enactment occurs. A deferred tax asset is recognized to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. To the extent that the Company does not consider it probable that a deferred tax asset will be recovered, the deferred tax asset is reduced. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis. (n) Share-based Payments The Company grants stock options and restricted share units (" RSUs The fair value method of accounting is used for share-based payment transactions. Under this method, the cost of stock options and other equity-settled share-based payment arrangements are recorded based on the estimated fair value at the grant date and charged to earnings over the vesting period. Where awards are forfeited because non-market based vesting conditions are not satisfied, the expense previously recognized is proportionately reversed in the period the forfeiture occurs. (o) Segment Reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The chief operating decision-maker, who is responsible for allocating resources and assessing performance of the operating segment, has been identified as the Chief Executive Officer (" CEO The Company operates in a single segment, the acquisition and management of precious metal royalties, streams, and similar production-based interests. In addition, the Company has corporate activities, which include the evaluation and acquisition of new precious metal royalties, streams, and similar production-based interests, treasury and finance, regulatory reporting, and corporate administration. (p) Critical Accounting Estimates and Judgments The preparation of the Company's consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities and contingent liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are continuously evaluated and are based on management's experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about significant areas of estimation uncertainty and judgments made by management in preparing the consolidated financial statements are described below. Critical accounting estimates are estimates and assumptions made by management that may result in a material adjustment to the carrying amount of assets and liabilities within the next financial year and include, but are not limited to, the following: Royalty interests The Company holds royalty interests in production stage mineral properties. The royalty interests are recorded initially at their costs and are being depleted using the units of production basis over the expected life of the related mineral property, which is determined using available estimates of future metal prices and future production. Proven and probable reserves and future production plans associated with the royalty interests as determined by the operators impact the measurement of the respective assets. These estimates affect the depletion of the royalty interests and the assessment of the recoverability of the carrying value of the royalty interests. Management considers both external and internal sources of information in assessing whether there are any indications that the Company's royalty interests are impaired. External sources of information that management considers include changes in the market, economic and legal environment in which the Company operates that are not within its control and affect the recoverable amount of its royalty interests. Internal sources of information that management considers include the indications of economic performance of the assets. In determining the recoverable amounts of the Company's royalty interests, management makes estimates of the discounted net cash flows expected to be derived from the Company's royalty interests, costs of disposal, and the appropriate discount rates and discount multiples that apply to the specific asset. Reductions in metal price forecasts, increases in estimated future costs of production for the mine operators, reductions in the amount of recoverable mineral reserves, mineral resources, and exploration potential, and/or adverse current economics can result in a write-down of the carrying amounts of the Company's royalty interests. Depletion The Company's royalty, stream, and other production-based interests that generate economic benefits are considered depletable and are depleted on a unit-of-production basis over the ounces of production that are expected to generate the cash flows that will be attributable to the Company. These calculations require the use of estimates and assumptions, including the amount of contained metals, the recovery rates, and payable rates for the contained metals being treated through a milling or refining process. Changes to these assumptions may impact the estimated recoverable reserves, resources or exploration potential which could directly impact the depletion rates used. Changes to depletion rates are accounted for prospectively. Derivative loan liabilities The Company holds derivative loan liabilities which are carried at fair value at each period end. In order to calculate the fair value at period end the Company uses a valuation model and is required to make estimates and assumptions on the risk free interest rate, expected stock price volatility, and credit spread. Changes to these assumptions may impact the fair value of the liability at period end. Income taxes The interpretation of existing tax laws or regulations in Canada, Australia, Argentina, Mexico, the United States, or any of the countries in which our property interests are located requires the use of judgment. Differing interpretation of these laws or regulations could result in an increase in the Company's taxes, or other governmental charges, duties or impositions. In addition, the recoverability of deferred income tax assets, including expected periods of reversal of temporary differences and expectations of future taxable income, are assessed by management at the end of each reporting period and adjusted, as necessary, on a prospective basis. Functional currency The functional currency for each of the Company's subsidiaries and associates is the currency of the primary economic environment in which the entity operates. Determination of functional currency may involve certain judgments to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions which determine the primary economic environment. Business combinations The assessment of whether an acquisition meets the definition of a business or is considered an asset acquisition is an area of key judgment. For an acquisition to constitute a business acquisition, the Company should be acquiring inputs and processes which could deliver an output. Management would need to apply judgment to determine whether any processes were acquired as part of the acquisition of assets. For both business combinations and asset acquisitions, the assumptions and estimates with respect to determining the fair values often require management to make assumptions and estimates about future events. The assumptions and estimates with respect to determining the fair value of assets acquired and liabilities assumed, those of mineral interests and other properties in particular, generally require a high degree of judgment and include estimates of mineral reserves and mineral resources acquired, future metal prices, discount rates and reserve/resource conversion. Changes in the judgments made or in any of the assumptions or estimates used in determining the fair value of acquired assets and liabilities could impact the amounts assigned to assets and liabilities. (q) New accounting standards issued but not yet effective which are applicable to the Company. Amendment to IAS 1 - Non-current liabilities with covenants These amendments clarify how conditions with which an entity must comply within 12 months after the reporting period affect the classification of a liability. The amendments also aim to improve the information an entity provides related to liabilities subject to these conditions. These amendments are effective for annual periods beginning on or after January 1, 2024, and are not expected to have a material impact on the Company's future reporting periods.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2023
Trade and other receivables [abstract]
ACCOUNTS RECEIVABLE [Text Block]	3. ACCOUNTS RECEIVABLE As at December 31, December 31, 2023 2022 Royalty, derivative royalty, and stream receivables $ 2,482 $ 1,190 GST and other recoverable taxes 325 302 Other receivables 4 14 Total accounts receivable $ 2,811 $ 1,506 As at December 31, 2023, and December 31, 2022, the Company did not have any royalty, derivative royalty and stream receivables that were past due. The Company's allowance for doubtful accounts as at December 31, 2023, and December 31, 2022, was $ Nil

ROYALTY, STREAM, AND OTHER INTE

ROYALTY, STREAM, AND OTHER INTERESTS	12 Months Ended
	Dec. 31, 2023
Royalty Interests And Deferred Acquisition Costs [Abstract]
ROYALTY, STREAM, AND OTHER INTERESTS [Text Block]	4. ROYALTY, STREAM, AND OTHER INTERESTS Producing assets Development assets Exploration assets Total As at December 31, 2021 $ 10,949 $ 86,631 $ 5,284 $ 102,864 First Majestic portfolio acquisition 3,394 11,147 7,421 21,962 Lac Pelletier acquisition - 253 - 253 Beaufor amendment - 1,000 - 1,000 Endeavor Silver Stream reclassification (2) (1,748 ) 1,748 - - El Realito reclassification (3) 2,297 (2,297 ) - - Joaquin and COSE impairments (3,660 ) - - (3,660 ) Depletion (1) (1,765 ) (30 ) (13 ) (1,808 ) Other - - 117 117 As at December 31, 2022 $ 9,467 $ 98,452 $ 12,809 $ 120,728 Nova portfolio acquisition 10,412 120,438 130 130,980 Alamos portfolio acquisition - 4,192 75 4,267 Lama acquisition - 6,601 - 6,601 Del Carmen and Beaufor impairments - (2,355 ) - (2,355 ) Depletion (1) (2,348 ) (30 ) (11 ) (2,389 ) Reclassifications and other - 5,178 (5,186 ) (8 ) As at December 31, 2023 $ 17,531 $ 232,476 $ 7,817 $ 257,824 Historical cost $ 22,008 $ 240,259 $ 7,866 $ 270,133 Accumulated depletion and impairments $ (4,477 ) $ (7,783 ) $ (49 ) $ (12,309 ) (1) Fixed royalty payments were received in relation to certain exploration and development assets. The depletion related to these payments was recorded based on the total fixed royalty payments expected to be received under each contract. (2) The Endeavor mine was previously classified as production, however it was placed on care and maintenance in December 2019 and has not since restarted, as such the Company had reclassified it to development stage properties in 2022. (3) The Company received its first royalty payments on El Realito in 2022 and reclassified it from a development asset to a producing asset. (a) During the year ended December 31, 2023, the Company completed the following transactions: Nova Royalty Acquisition On December 1, 2023, the Company closed an arrangement agreement whereby the Company acquired all of the issued and outstanding shares of Nova Royalty Corp. (TSX-V: NOVR) (" Nova Arrangement Agreement Beedie Nova Loan Facility Upon completion of the Nova acquisition, existing Metalla and Nova shareholders owned approximately 60.41% and 39.59% of the combined company, respectively. Following the completion of the acquisition, Nova became a wholly owned subsidiary of Metalla. For accounting purposes, the Company determined the acquisition of Nova did not meet the definition of business combination under IFRS 3 - Business Combinations To estimate the fair value of the mineral interest acquired, management used discounted cash flow models and a market-based approach. Management applied significant judgment in determining the fair value of the mineral interests, including the use of significant assumptions, such as discount rates, long-term forecast commodity prices, and future production of operator mineral reserves and resources information for the portfolio of mineral stream and royalty agreements. Future production and operator mineral reserves and resources information are based on information compiled by appropriately qualified persons. The assets and liabilities acquired included mineral interests of $131.0 million, current assets of $1.0 million, and current liabilities of $6.2 million. Below is a reconciliation of the purchase consideration for the Nova acquisition along with the total assets acquired, net of liabilities assumed. Number of Metalla Shares issued to Nova shareholders 33,893,734 Number of Metalla Shares issued to Nova RSU holders 741,597 Total Number of Metalla Shares issued 34,635,331 Closing price of a Metalla Share on November 30, 2023, on TSXV C$4.34 C$/US$ exchange rate on November 30, 2023 1.3560 Market value of Metalla Shares issued $ 110,853 Value of Nova share options converted to Metalla share options 1,152 Nova long-term debt repaid as part of transaction 11,064 Transaction costs 2,695 Purchase consideration $ 125,764 Cash and cash equivalents $ 79 Accounts receivable 892 Mineral interests 130,980 Current liabilities (6,187 ) Total assets acquired, net of liabilities assumed $ 125,764 Details of some of the royalties the Company holds through Nova are discussed below, based on information publicly filed by the applicable owner. Aranzazu The Company acquired a 1.0% NSR royalty on the producing Aranzazu copper-gold-silver mine owned by Aura Minerals Inc. (" Aura Taca Taca The Company acquired a 0.42% NSR royalty on the Taca Taca copper-gold-molybdenum project, owned by First Quantum Minerals Ltd. (" First Quantum Vizcachitas The Company acquired a 0.98% NSR royalty on the open pit operations and a 0.49% NSR royalty on underground operations at Vizcachitas. Vizcachitas is a large copper-molybdenum porphyry deposit in central Chile, owned by Los Andes Copper Ltd. (" Los Andes NuevaUnión The Company acquired a 2.0% NSR royalty on future copper production on the Cantarito claim which makes up part of the La Fortuna deposit forming part of the NuevaUnión copper-gold project (" NuevaUnión Copper World Complex The Company acquired a 0.315% NSR royalty on the Copper World Complex project in Arizona, USA, 100% owned by Hudbay Minerals Inc. (" Hudbay Pine Valley Mineral Claims Sale In June 2023, the Company sold the JR mineral claims that make up the Pine Valley property, which is part of the Cortez complex in Nevada, for $5.0 million in cash to Nevada Gold Mines, LLC, an entity formed by Barrick Gold Corporation (" Barrick NSR Genesis Lama Royalties Acquisition In March 2023, the Company acquired an existing 2.5%-3.75% sliding scale Gross Proceeds royalty over gold and a 0.25%-3.0% NSR royalty on all metals (other than gold and silver) on the majority of Barrick's Lama project located in Argentina from an arm's length seller for aggregate consideration of $6.5 million. The consideration consisted of $2.5 million in cash, $2.1 million in Common Shares upon closing, and an additional $2.5 million to be paid in cash or Common Shares, at the Company's sole discretion, within 90 days upon the earlier of a 2-million-ounce gold mineral reserve estimate on the royalty area or 36 months after the closing date. The Company issued 466,827 Common Shares to the arm's length seller (valued at $4.44 per share on March 9, 2023). The outstanding $2.5 million payment (the " Lama Payable Alamos Portfolio Acquisition In February 2023, the Company acquired one silver stream and three royalties from Alamos Gold Corp. (" Alamos • a 20% silver stream over the Esperanza project located in Morales, Mexico owned by Zacatecas Silver Corp.; • a 1.4% NSR royalty on the Fenn Gibb South project located in Timmins, Ontario owned by Mayfair Gold Corp.; • a 2.0% NSR royalty on the Ronda project located in Shining Tree, Ontario owned by Platinex Inc.; and • a 2.0% NSR royalty on the Northshore West property located in Thunder Bay, Ontario owned by New Path Resources Inc. (b) During the year ended December 31, 2022, the Company completed the following transaction: First Majestic Portfolio Acquisition In December 2022, the Company acquired a portfolio of eight royalties from First Majestic Silver Corp. (" First Majestic • a 100% Gross Value Return (" GVR • a 2.0% NSR royalty on the past producing Del Toro mine owned by First Majestic; • a 2.0% NSR royalty on the La Guitarra mine owned by Sierra Madre Gold and Silver Ltd.; • a 2.0% NSR royalty on the Plomosas project owned by GR Silver Mining Ltd.; • a 2.0% NSR royalty on the past-producing San Martin mine owned by First Majestic; • a 2.0% NSR royalty on the past producing La Parrilla mine owned by Silver Storm Mining Ltd.; • a 2.0% NSR royalty on the La Joya project owned by Silver Dollar Resources; and • a 2.0% NSR royalty on the La Luz project owned by First Majestic. (c) Impairment On November 3, 2023, Monarch Mining Corporation (" Monarch The Company owned a royalty on the Del Carmen project that was owned and operated by Barrick. In July 2023, the Company was notified that Barrick has terminated its agreement to explore and exploit the Del Carmen property and as a result of the termination the 0.5% NSR royalty owned by Metalla had also been terminated. The Company considered this an indicator of impairment on its Del Carmen royalty, and fully impaired the royalty to $Nil, and for the year ended December 31, 2023, recorded an impairment charge of $1.3 million.

DERIVATIVE ROYALTY ASSET

DERIVATIVE ROYALTY ASSET	12 Months Ended
	Dec. 31, 2023
Derivative Royalty Asset [Abstract]
DERIVATIVE ROYALTY ASSET [Text Block]	5. DERIVATIVE ROYALTY ASSET In October 2020, the Company closed an agreement to acquire an existing 27.5% price participation royalty (" PPR Higginsville As the amount received by the Company will vary depending on changes in the London PM fix gold price and the changes in the exchange rate between the A$ and the US$, the Company has recognized the Higginsville PPR as a derivative asset carried at fair value through profit and loss. As per IFRS 9, the Higginsville PPR was recognized as a derivative asset upon inception at $7.2 million, any cash received from the Higginsville PPR will be used to reduce the derivative asset, and at each period-end the Company will estimate the fair value of the Higginsville PPR using a valuation model with any changes between the estimated fair value and the carrying value flowing through profit or loss in the period. As at December 31, 2023, the maximum amount of deliverable ounces pursuant to the Higginsville PPR agreement had been delivered and the remaining net book value of the royalty was reduced to $Nil (December 31, 2022 - $2.2 million). The Company recorded a mark-to-market gain on the Higginsville derivative asset of $0.7 million for the year ended December 31, 2023 (2022 - $0.5 million gain). The changes in the derivative royalty asset for the year ended December 31, 2023, were as follows: Derivative royalty asset As at December 31, 2021 $ 4,034 Payments received or due under derivative royalty asset (2,384 ) Mark-to-market gain on derivative royalty asset 532 As at December 31, 2022 $ 2,182 Payments received or due under derivative royalty asset (2,866 ) Mark-to-market gain on derivative royalty asset 684 As at December 31, 2023 $ -

INVESTMENT IN SILVERBACK

INVESTMENT IN SILVERBACK	12 Months Ended
	Dec. 31, 2023
Investment property [Abstract]
INVESTMENT IN SILVERBACK [Text Block]	6. INVESTMENT IN SILVERBACK Year ended December 31, 2023 2022 Opening balance $ 595 $ 1,341 Income (loss) in Silverback for the period 75 (589 ) Distribution (220 ) (157 ) Ending balance $ 450 $ 595 The Company, through its wholly-owned subsidiary Metalla SEZC, holds a 15% interest in Silverback Ltd. (" Silverback NLGM Summarized financial information for Silverback for the year ended December 31, 2023, was as follows: Year ended December 31, 2023 2022 Current assets $ 230 $ 222 Non-current assets - - Total assets 230 222 Total liabilities (60 ) (60 ) Revenue from stream interest 1,466 1,214 Depletion - (195 ) Net income and comprehensive income for the period $ 1,475 $ 946

TRADE AND OTHER PAYABLES

TRADE AND OTHER PAYABLES	12 Months Ended
	Dec. 31, 2023
Schedule Of Detailed Information About Trade And Others Payable [Abstract]
TRADE AND OTHER PAYABLES [Text Block]	7. TRADE AND OTHER PAYABLES As at December 31, 2023 December 31, 2022 Trade payables and accrued liabilities $ 5,081 $ 1,223 Taxes payable 313 63 Total trade and other payables $ 5,394 $ 1,286

LOANS PAYABLE

LOANS PAYABLE	12 Months Ended
	Dec. 31, 2023
Loan Payable [Abstract]
LOANS PAYABLE [Text Block]	8. LOANS PAYABLE A&R Loan Facility Debt Derivative Castle Portion Portion Mountain Loan Total As at December 31, 2021 $ 5,465 $ - $ 5,050 $ 10,515 Interest expense 1,087 - 200 1,287 Interest payments (494 ) - - (494 ) Foreign exchange adjustments (377 ) - - (377 ) Gain on extension of loan payable (346 ) - - (346 ) As at December 31, 2022 $ 5,335 $ - $ 5,250 $ 10,585 Additions 10,357 707 - 11,064 Conversion (2,737 ) - - (2,737 ) Extinguishment of loan facility (195 ) 428 - 233 Modification of loan facility (410 ) 99 - (311 ) Interest expense 771 - 248 1,019 Interest payments (349 ) - (460 ) (809 ) Principal repayment - - (4,340 ) (4,340 ) Fair value adjustment of derivative portion - (673 ) - (673 ) Foreign exchange adjustments 255 - - 255 As at December 31, 2023 $ 13,027 $ 561 $ 698 $ 14,286 A&R Loan Facility In March 2019, the Company entered into a convertible loan facility with Beedie to fund acquisitions of new royalties and streams which has subsequently been amended from time to time. The loan facility bears interest on amounts advanced and a standby fee on funds available. Funds advanced are convertible into Common Shares at Beedie's option, with the conversion price determined at the date of each drawdown or at the conversion date (in the case of the conversion of accrued and unpaid interest). In August 2022, the Company and Beedie closed a first supplemental loan agreement to extend the maturity date of the loan facility from April 22, 2023, to January 22, 2024. In consideration for the extension the Company incurred a fee of C$0.2 million (the " Loan Extension Fee As at December 31, 2022, the Company had C$5.0 million outstanding with a conversion price of C$14.30 per share (the " Third Drawdown Fourth Drawdown In May 2023, the Company and Beedie closed an additional supplemental loan agreement to further amend the loan facility by: i. ii. iii. iv. v. vi. The amendment was considered a substantial modification of the loan facility, and for accounting purposes the existing debt instruments were extinguished and the new debt instruments were recognized at fair value on the amendment date. The difference in value between the amount that was retired for the old debt instrument and the amount recorded for the new debt instrument, taking into account the modification in conversion price to induce conversion of part of the old debt instrument, was recorded as a loss on extinguishment of loan payable of $1.4 million. Transaction costs of $0.1 million incurred were included in the loss on extinguishment of loan payable. The conversion feature, prepayment options, and availability of credit under the new loan facility (together the " Derivative Loan Liabilities Effective December 1, 2023, Metalla and Beedie entered into an amended and restated convertible loan facility agreement (the " A&R ‎Loan Facility i. ii. iii. Principal Amount iv. Accrued Interest Amount v. Accrued Fees Amount vi. vii. viii. On December 1, 2023, following the changes to the A&R Facility and the drawdown of the C$12.2 million, the Derivative Loan Liabilities were remeasured and were assigned a fair value of $0.9 million, and the debt portion of the Principal Amount was assigned a fair value of $11.2 million for a total face value of $12.1 million (C$16.4 million). The debt portion, including any directly attributable transaction costs and fees will be accounted for at amortized cost using the implied effective interest rate of 14.6%. The Accrued Interest Amount and the Accrued Fees Amount under the A&R Loan Facility are both accounted for as loans payable which were initially valued at fair value and subsequently measured at amortized cost and are included in the total A&R Loan Facility balance. The Derivative Loan Liabilities were calculated at December 1, 2023, and December 31, 2023, using a convertible debt and swaption pricing model with the following major market inputs and assumptions: December 31, December 1, 2023 2023 Maturity date May 10, 2027 May 10, 2027 Risk free interest rate 3.66% 3.98% Share price C$4.05 C$4.44 Expected volatility 52% 52% Dividend yield $ Nil $ Nil Conversion price C$6.00 C$6.00 For the year ended December 31, 2023, the Company recognized finance charges of $0.2 million (December 31, 2022 - $0.1 million) related to costs associated with the A&R Loan Facility, including standby fees on the undrawn portion of the A&R Loan Facility, as well as set up and other associated costs. As at December 31, 2023, under the A&R Loan Facility, the Company had C$16.4 million outstanding from the Principal Amount with a conversion price of C$6.00 per share, C$2.1 million outstanding from the Accrued Interest Amount with a conversion price equal to the market price of the shares of Metalla at the time of conversion, C$0.8 million outstanding from the Accrued Fees Amount which is not convertible into Common Shares, and had C$30.9 million available under the A&R Loan Facility with the conversion price to be determined on the date of any future advances. Subsequent to December 31, 2023, on February 20, 2024, Beedie elected to convert C$1.5 million of the Accrued Interest Amount into Common Shares at a conversion price of C$3.49 per share, being the closing price of the shares of Metalla on the TSX-V on February 20, 2024, for a total of 429,800 Common Shares which were issued on March 19, 2024. Castle Mountain Loan In connection with the Castle Mountain acquisition in October 2021, the Company entered into a $5.0 million loan agreement (the " Castle Mountain Loan

REVENUE

REVENUE	12 Months Ended
	Dec. 31, 2023
Revenue [abstract]
REVENUE [Text Block]	9. REVENUE Year ended December 31, 2023 2022 Royalty revenue Wharf $ 1,648 $ 1,050 El Realito 2,071 404 Aranzazu 137 - La Encantada 504 - COSE - 228 Joaquin - 483 Total royalty revenue 4,360 2,165 Other fixed royalty payments 235 248 Total revenue $ 4,595 $ 2,413 The Company operates in one industry and has one reportable segment, which is reviewed by the chief operating decision maker.

GENERAL AND ADMINISTRATIVE EXPE

GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
	Dec. 31, 2023
General And Administrative Expense [Abstract]
GENERAL AND ADMINISTRATIVE EXPENSES [Text Block]	10. GENERAL AND ADMINISTRATIVE EXPENSES Year ended December 31, 2023 2022 Compensation and benefits $ 2,469 $ 2,007 Corporate administration 1,126 1,097 Professional fees 1,123 586 Listing and filing fees 212 196 Total general and administrative expenses $ 4,930 $ 3,886

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
INCOME TAXES [abstract]
INCOME TAXES [Text Block]	11. INCOME TAXES Income tax expense differs from the amount that would result from applying Canadian income tax rates to earnings before income taxes. These differences result from the following items: Year ended December 31, 2023 2022 Loss before income taxes $ (4,476 ) $ (10,886 ) Canadian federal and provincial income tax rates 27.00% 27.00% Income tax recovery based on the above rates (1,209 ) (2,939 ) Difference between Canadian and foreign tax rate (323 ) 244 Permanent differences 1,490 123 Changes in unrecognized deferred tax assets 814 2,769 Other adjustments 589 (155 ) Total income tax expense $ 1,361 $ 42 Current income tax expense $ 1,227 $ 53 Deferred income tax expense (recovery) $ 134 $ (11 ) The composition of the Company's net deferred income tax asset (liability) that has been recognized is as follows: As at December 31, December 31, 2023 2022 Deferred tax assets: Mineral expenditures and capital assets $ 3,184 $ 1,044 Share issue costs 828 403 Non-capital losses and others 9,609 5,616 13,621 7,063 Unrecognized deferred tax assets (12,696 ) (6,688 ) Deferred tax liabilities (1,356 ) (832 ) Net deferred income tax liabilities $ (431 ) $ (457 ) Deferred income tax assets $ 105 $ - Deferred income tax liabilities $ (536 ) $ (457 ) The Company's significant temporary differences, unused tax credits, and unused tax losses that have not been recognized as deferred income tax assets as at December 31, 2023, are as follows: Mineral Share issue Non-capital Total Expiry 2026 to 2043 $ - $ 3,065 $ 29,467 $ 32,532 No expiry date $ 11,907 $ - $ 5,800 $ 17,707 Tax attributes are subject to review, and potential adjustments, by tax authorities.

SHARE CAPITAL

SHARE CAPITAL	12 Months Ended
	Dec. 31, 2023
Disclosure of classes of share capital [abstract]
SHARE CAPITAL [Text Block]	12. SHARE CAPITAL Authorized share capital consists of an unlimited number of Common Shares without par value. (a) Issued Share Capital As at December 31, 2023, the Company had 90,877,231 Common Shares issued and outstanding (December 31, 2022 - 49,467,877). During the year ended December 31, 2023, the Company: • issued 944,396 Common Shares in the at-the-market offerings at an average price of $4.90 per share for gross proceeds of $4.6 million, with aggregate commissions paid or payable to the agents of $0.1 million and other share issue costs of $0.4 million, resulting in aggregate net proceeds of $4.1 million; • issued 34,943,542 Common Shares related to the acquisition of Nova (Note 4); • issued 1,406,182 Common Shares for the acquisition of royalties and other interests (Note 4); • issued 2,835,539 Common Shares related to a subscription agreement to complete a C$15.0 ‎million ‎equity placement at an average price of C$5.29 per share; • issued 545,702 Common Shares related to the conversion of a portion of the Third Drawdown from the A&R Loan Facility (Note 8); and • issued 733,993 Common Shares related to the vesting of RSUs and the exercise of stock options. During the year ended December 31, 2022, the Company: • issued 752,296 Common Shares in at-the-market offerings at an average price of $6.07 per share for gross proceeds of $4.6 million, with aggregate commissions paid or payable to the agents of $0.1 million and other share issue costs of $0.4 million, resulting in aggregate net proceeds of $4.1 million; • issued 4,168,056 Common Shares for the acquisition of royalty and other interests (Note 4); and • issued 511,956 Common Shares related to the vesting of RSUs and the exercise of stock options. (b) Stock Options The Company has adopted a stock option plan approved by the Company's shareholders. The maximum number of shares that may be reserved for issuance under the plan is limited to 10% of the issued common shares of the Company at any time, less the amount reserved for RSUs. The plan allows for a cash-less broker exercise, or a net exercise on some of the Company's stock options upon vesting, both of which are subject to approval from the Company's Board of Directors. The vesting terms, if any, are determined by the Company's Board of Directors at the time of the grant. The continuity of stock options for the year ended December 31, 2023, was as follows: Weighted average exercise price (C$) Number outstanding As at December 31, 2021 $ 6.81 2,833,438 Granted 5.98 605,000 Exercised (1) 2.20 (479,536 ) Forfeited 9.94 (140,000 ) As at December 31, 2022 $ 7.26 2,818,902 Granted 4.05 922,500 Issued as part of Nova Transaction (Note 4) 6.10 2,013,118 Exercised (1) 2.91 (779,527 ) Expired 11.73 (60,000 ) Forfeited 5.98 (80,000 ) As at December 31, 2023 $ 6.83 4,834,993 (1) During the year ended December 31, 2023, 581,226 stock options were exercised on a net exercise basis with a total of 264,988 Common Shares issued for the exercise (2022 - 282,250 and 183,170, respectively). During the year ended December 31, 2023, the Company granted 922,500 stock options with a weighted-average exercise price of C$4.05 and a fair value of $1.1 million or $1.24 per option. During the year ended December 31, 2022, the Company granted 605,000 stock options with a weighted-average exercise price of C$5.98 and a fair value of $1.2 million or $2.01 per option. The fair value of the stock options granted was estimated using the Black-Scholes option pricing model with weighted average assumptions as follows: Year ended December 31, 2023 2022 Risk free interest rate 3.71% 3.22% Expected dividend yield 0% 0% Expected stock price volatility 53% 59% Expected life in years 3.25 3.25 Forfeiture rate 0% 0% For the year ended December 31, 2023, in accordance with the vesting terms of the stock options granted, the Company recorded charges to share-based payments expense of $0.7 million (December 31, 2022 - $1.5 million), with offsetting credits to reserves. As at December 31, 2023, the weighted average remaining life of the stock options outstanding was 2.17 years (December 31, 2022 - 2.50 years). The Company's outstanding and exercisable stock options as at December 31, 2023, and their expiry dates are as follows: Exercise price Number Number Expiry date (C$) outstanding exercisable January 4, 2024 $ 3.24 65,625 65,625 March 1, 2024 $ 0.70 103,571 103,571 December 1, 2024 $ 13.19 53,100 53,100 December 1, 2024 $ 9.17 736,200 736,200 December 1, 2024 $ 4.33 639,000 639,000 December 1, 2024 $ 4.12 481,247 481,247 January 15, 2025 $ 7.66 518,750 518,750 November 6, 2025 $ 12.85 390,000 390,000 April 27, 2026 $ 11.73 400,000 400,000 August 16, 2027 $ 5.98 525,000 277,500 December 28, 2028 $ 4.05 922,500 - 4,834,993 3,664,993 (c) Restricted Share Units The Company has adopted an RSU plan approved by the Company's shareholders. The maximum number of RSUs that may be reserved for issuance under the plan is limited to 10% of the issued common shares of the Company at any time, less the amount reserved for stock options. The vesting terms are determined by the Company's Board of Directors at the time of issuance, the standard vesting terms have one-half vest in one year and one-half vest in two years. The continuity of RSUs for the year ended December 31, 2023, was as follows: Number outstanding As at December 31, 2021 438,000 Granted 437,554 Settled (131,500 ) Forfeited (22,500 ) As at December 31, 2022 721,554 Granted 587,500 Settled (270,704 ) Forfeited (60,000 ) As at December 31, 2023 978,350 For the year ended December 31, 2023, in accordance with the vesting terms of the RSUs granted, the Company recorded charges to share-based payments expense of $1.5 million (December 31, 2022 - $1.4 million), with offsetting credits to reserves.

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [Abstract]
RELATED PARTY TRANSACTIONS AND BALANCES [Text Block]	13. RELATED PARTY TRANSACTIONS AND BALANCES The aggregate value of transactions and outstanding balances relating to key management personnel were as follows: Year ended 2023 2022 Salaries and fees $ 1,718 $ 1,304 Share-based payments 1,560 2,096 $ 3,278 $ 3,400 As at December 31, 2023, the Company had $0.6 million (December 31, 2022 - $0.3 million) due to directors and management related to remuneration and expense reimbursements. As at December 31, 2023, the Company had $ Nil Nil

SUPPLEMENTAL DISCLOSURE WITH RE

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS	12 Months Ended
	Dec. 31, 2023
Supplemental Disclosure Of Cash Flow [Abstract]
SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS [Text Block]	14. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS Significant Non-Cash Investing and Financing Activities During the year ended December 31, 2023, the Company: a) b) c) d) e) f) During the year ended December 31, 2022, the Company: a) b) c)

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [Abstract]
FINANCIAL INSTRUMENTS [Text Block]	15. FINANCIAL INSTRUMENTS The Company classified its financial instruments as follows: As at December 31, 2023 December 31, 2022 Financial assets Amortized cost: Cash $ 14,107 $ 4,555 Royalty, derivative royalty, and stream receivables 2,482 1,190 Other receivables 329 316 Fair value through profit or loss: Derivative royalty asset - 2,182 Marketable securities 295 30 Total financial assets $ 17,213 $ 8,273 Financial liabilities Amortized cost: Trade and other payables $ 5,394 $ 1,286 Loans payable 13,725 10,585 Acquisition payables 2,928 - Fair value through profit or loss: Derivative loan liabilities 561 - Total financial liabilities $ 22,608 $ 11,871 Fair value Financial instruments recorded at fair value on the consolidated statement of financial position are classified using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels: a) b) c) The fair value hierarchy requires the use of observable market inputs whenever such inputs exist. A financial instrument is classified to the lowest level of the hierarchy for which a significant input has been considered in measuring fair value. Cash, accounts receivables (royalty, derivative royalty, and stream receivables, and other receivables), and accounts payable (trade and other payables), are carried at amortized cost. Their carrying value approximated their fair value because of the short-term nature of these instruments or because they reflect amounts that are receivable to the Company without further adjustments. Marketable securities are carried at fair value and are classified within Level 1 of the fair value hierarchy. The derivative royalty asset is carried at fair value, and was valued using inputs that are not observable, including a gold forward price curve, US$/A$ foreign exchange rates based on forward curves, and an estimated discount rate (Note 5). Therefore, the derivative royalty asset is classified within Level 3 of the fair value hierarchy. There were no transfers between the levels of the fair value hierarchy during the year ended December 31, 2023, and the year ended December 31, 2022. Loans payable and acquisition payables are carried at amortized cost. The fair values of the Company's loans payable are approximated by their carrying values as the interest rates are comparable to market interest rates. The derivative loan liabilities are carried at fair value and were valued using a Black-Scholes option pricing model and a swaption model, with inputs that are not observable (Note 8). Therefore, the derivative loan liabilities are classified within Level 3 of the fair value hierarchy. Capital risk management The Company's objectives when managing capital are to provide shareholder returns through maximization of the profitable growth of the business and to maintain a degree of financial flexibility relevant to the underlying operating and metal price risks while safeguarding the Company's ability to continue as a going concern. The capital of the Company consists of share capital. The Board of Directors does not establish a quantitative return on capital criteria for management. The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. The Company may issue new shares in order to meet its financial obligations. The management of the Company believes that the capital resources of the Company as at December 31, 2023, are sufficient for its present needs for at least the next twelve months. The Company is not subject to externally imposed capital requirements. Credit risk Credit risk arises from cash deposits, as well as credit exposures to counterparties of outstanding receivables and committed transactions. There is no significant concentration of credit risk other than cash deposits. The Company's cash deposits are primarily held with a Canadian chartered bank. Receivables include value added tax due from the Canadian government. The carrying amount of financial assets recorded in the financial statements represents the Company's maximum exposure to credit risk. The Company believes it is not exposed to significant credit risk and overall, the Company's credit risk has not declined from the prior year. Liquidity risk The Company strives to maintain sufficient liquidity to meet its short-term business requirements, taking into account its anticipated cash flows from royalty interests, its holdings of cash, and its committed liabilities. The maturities of the Company's non‐current liabilities are disclosed in Note 4 and Note 8. All current liabilities are settled within one year. Currency risk The Company is exposed to the financial risk related to the fluctuation of foreign exchange rates. The Company primarily operates in Canada, Australia, Argentina, Mexico, and the United States and incurs expenditures in currencies other than United States dollars. Thereby, the Company is exposed to foreign exchange risk arising from currency exposure. The Company has not hedged its exposure to currency fluctuations. Based on the above net exposure, as at December 31, 2023, and assuming that all other variables remain constant, a 1% depreciation or appreciation of the United States dollar against the Canadian dollar, Australian dollar, Argentinian peso, and Mexican peso would result in an increase/decrease in the Company's pre-tax income or loss of approximately $0.1 million.

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2023
Disclosure Of Commitment [Abstract]
COMMITMENTS [Text Block]	16. COMMITMENTS As at December 31, 2023, the Company had the following contractual obligations: Less than 1 to Over 1 year 3 years 3 years Total Trade and other payables $ 5,394 $ - $ - $ 5,394 Loans payable principal and interest payments 351 3,355 17,457 21,163 Payments related to acquisition of royalties and streams 1,618 2,500 - 4,118 Total commitments $ 7,363 $ 5,855 $ 17,457 $ 30,675 In addition to the commitments above, the Company could in the future have additional commitments payable in cash and/or shares related to the acquisition of royalty and stream interests. However, these payments are subject to certain triggers or milestone conditions that have not been met as of December 31, 2023.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Significant Accounting Policies [Abstract]
Statement of Compliance [Policy Text Block]	(a) Statement of Compliance The consolidated financial statements have been prepared using accounting policies in compliance with International Financial Reporting Standards (" IFRS IASB
Basis of Preparation and Measurement [Policy Text Block]	(b) Basis of Preparation and Measurement These consolidated financial statements have been prepared on a historical cost basis, except for financial instruments, which have been measured at fair value. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting except for cash flow information. These consolidated financial statements are presented in United States dollars except as otherwise indicated.
Foreign Currency Translation [Policy Text Block]	(c) Foreign Currency Translation The functional currency of the Company and its subsidiaries is the principal currency of the economic environment in which they operate. For the Company and its subsidiaries, the functional currency is the U.S. dollar. The presentation currency for the Company is the U.S. dollar. Transactions in currencies other than the functional currency are recorded at exchange rates prevailing on the dates of the transactions. At the end of each reporting period, the monetary assets and liabilities of the Company that are denominated in foreign currencies are translated at the rate of exchange at the reporting date while non-monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at the exchange rates approximating those in effect on the date of the transactions. Exchange gains and losses arising on translation are included in the consolidated statement of loss and comprehensive loss.
Principles of Consolidation [Policy Text Block]	(d) Principles of Consolidation These consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, including its principal subsidiaries Nova Royalty Corp. (Canada), Royalty & Streaming Mexico S.A. de C.V. (Mexico), Metalla America Ltd. (USA), Nova Royalty USA Corp. (USA), MTA Royalty & Streaming Pty Ltd. (Australia), ValGold Resources Ltd. (Canada), Geological Services Inc. (USA), Idaho Resources Corporation (USA), Genesis Gold Corporation (USA), and Metalla SEZC (Cayman Islands). All intercompany balances and transactions have been eliminated on consolidation. Subsidiaries Subsidiaries are all entities over which the Company has exposure to variable returns from its involvement and has the ability to use power over the investee to affect its returns. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company until the date on which control ceases.
Business Combinations [Policy Text Block]	(e) Business Combinations A business combination is an acquisition of assets and liabilities that constitute a business. A business is an integrated set of activities and assets that consist of inputs and processes, including operational processes that, when applied to those inputs, have the ability to create outputs that provide a return to the Company and its shareholders. A business also includes those assets and liabilities that do not necessarily have all the inputs and processes required to produce outputs, but can be integrated with the inputs and processes of the Company to create outputs. When acquiring a set of activities or assets in the exploration and development stage, which may not have outputs, the Company considers other factors to determine whether the set of activities or assets is a business. Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is allocated to the identifiable assets acquired and liabilities assumed based on the acquisition-date fair value. The excess of the cost of acquisition over the fair value of the Company's share of the identifiable net assets acquired is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets acquired, the difference, or gain, is recognized directly in the consolidated statement of operations. The results of businesses acquired during the period are included in the financial statements from the date of acquisition. Acquisition-related costs are expensed as incurred. Provisional fair values are finalized within 12 months of the acquisition date. Measurement period adjustments are adjustments that arise from additional information obtained during the measurement period about facts and circumstances that existed at the acquisition date.
Royalty, Stream, and Other Interests [Policy Text Block]	(f) Royalty, Stream, and Other Interests Royalty, stream, and other interests consist of acquired royalty, stream, and other interests. These interests are recorded at cost and capitalized as tangible assets with finite lives. They are subsequently measured at cost less accumulated depletion and accumulated impairment losses, if any. Project evaluation costs that are not related to a specific royalty or stream asset are expensed in the period incurred. Borrowing costs attributed to the acquisition of qualifying assets are capitalized to royalty, stream, and other interests, and are included in the carrying amounts of related assets until the asset is available for use in the manner intended by management. Producing royalty and stream interests are depleted using the units-of-production method over the life of the property to which the interest relates, which is estimated using available information of proven and probable reserves and the portion of resources expected to be classified as mineral reserves at the mine corresponding to the specific agreement. On acquisition of a royalty or stream interest, an allocation of its fair value may be attributed to the exploration potential of the interest and is recorded as an exploration asset on the acquisition date. The carrying value of the exploration potential is accounted for in accordance with IFRS 6 Exploration and Evaluation of Mineral Resources (" IFRS 6 IAS 16
Impairment of Royal, Stream, and Other Interests [Policy Text Block]	(g) Impairment of Royalty, Stream, and Other Interests The carrying amounts of non-financial assets, excluding deferred income tax assets, are reviewed for impairment at each reporting date, or whenever events or changes in circumstances indicate the carrying amounts may not be recoverable. If there are indicators of impairment, a review is undertaken to determine whether the carrying amounts are in excess of their recoverable amounts. Reviews are undertaken on an asset-by-asset basis, except where the recoverable amount for an individual asset cannot be determined, in which case the review is undertaken at the cash-generating unit (" CGU If the carrying amount of a CGU or non-financial asset exceeds the recoverable amount, being the higher of its fair value less costs to sell and its value-in-use, an impairment loss is recognized in net loss as the excess of the carrying amount over the recoverable amount. With respect to CGUs, impairment losses are allocated to reduce the carrying amounts of the assets of the CGU on a pro-rata basis. The future cash flows expected is derived using estimates of proven and probable reserves, a portion of resources that is expected to be converted into reserves and information regarding the Company's royalty, stream, and other production-based interests, respectively, that could affect the future recoverability of the Company's interests. Discount factors are determined individually for each asset and reflect their respective risk profiles. In certain circumstances, the Company may use a market approach in determining the recoverable amount which may include an estimate of (a) net present value of estimated future cash flows; (b) dollar value per ounce or pound of reserve/resource; (c) cash-flow multiples; and/or (d) market capitalization of comparable assets. Non-financial assets that have previously been impaired are tested for a possible reversal of the impairment whenever events or changes in circumstances indicate that the impairment may have reversed, or may have partially reversed. In these instances, the impairment loss is reversed to the recoverable amount but not beyond the carrying amount, net of amortization, that would have arisen if the prior impairment loss had not been recognized.
Revenue Recognition [Policy Text Block]	(h) Revenue Recognition Revenue is comprised of revenue earned in the year from royalty, stream, and other interests. The Company recognizes revenue upon the transfer of control of the relevant commodity to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those commodities. For stream interests, revenue recognition occurs when the relevant commodity received from the stream operator is delivered by the Company to its third-party customers. Revenue is measured at the fair value of the consideration received or receivable when management can reliably estimate the amount, pursuant to the terms of the sales contract. For royalty interests, revenue recognition occurs when control of the relevant commodity is transferred to the end customer by the operator of the royalty property. Revenue is measured at the fair value of the consideration received or receivable when management can reliably estimate the amount, pursuant to the terms of the royalty agreement. In some instances, the Company will not have access to sufficient information to make a reasonable estimate of consideration to which it expects to be entitled and, accordingly, revenue recognition is deferred until management can make a reasonable estimate. Differences between estimates and actual amounts are adjusted and recorded in the period that the actual amounts are known.
Financial Instruments [Policy Text Block]	(i) Financial Instruments All financial instruments are initially recorded at fair value and designated as follows: Cash includes cash on account and is subsequently measured at amortized cost. Trade receivables relate to amounts received from sales of refined gold and silver and royalty revenue. These receivables are non-interest bearing and are recognized at fair value and are subsequently measured at amortized cost. The Company has applied the simplified approach to determining expected credit losses, which requires expected lifetime losses to be recognized upon initial recognition of the receivables. Marketable securities are designated as fair value through profit and loss (" FVTPL FVOCI Derivative royalty assets and derivative loan liabilities are designated as FVTPL. Fair values are determined using a valuation model and inputs that are not based on observable market data. Accounts payables, accrued liabilities, and loans payable are initially recorded at fair value, less transaction costs. These financial liabilities are subsequently measured at amortized cost, calculated using the effective interest rate method.
Related Party Transactions [Policy Text Block]	(j) Related Party Transactions Parties are considered related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered related if they are subject to common control or significant influence. A transaction is considered a related party transaction when there is a transfer of resources or obligations between related parties.
Share Capital [Policy Text Block]	(k) Share Capital Common shares issued for non-monetary consideration are recorded at their fair value based on closing price on the measurement date and classified as equity. The measurement date is defined as the earliest of the date at which the commitment for performance by the counterparty to earn the common shares is reached or the date at which the counterparty's performance is complete. The proceeds from the issue of units are allocated between common shares and share purchase warrants on a pro-rata basis based on the relative fair values. The fair value of the common shares is based on the market closing price on the date of issuance and the fair value of the share purchase warrants is determined using the Black-Scholes option pricing model. Transaction costs directly attributable to the issue of common shares are recognized as a deduction from equity, net of any tax effects.
Earnings (loss) Per Share [Policy Text Block]	(l) Earnings (loss) Per Share The Company presents basic earnings (loss) per share data for its common shares, calculated by dividing the income (loss) attributable to equity holders of the Company by the weighted average number of common shares issued and outstanding during the period. Diluted earnings per share is calculated by adjusting the earnings attributable to equity holders and the weighted average number of common shares outstanding for the effects of all potentially dilutive common shares. The calculation of diluted earnings per share assumes that the proceeds to be received on the exercise of dilutive share options and warrants are used to repurchase common shares at the average market price during the period. In periods where a loss is reported, diluted loss per share is the same as basic loss per share as the effects of potentially dilutive common shares would be anti-dilutive.
Income Taxes [Policy Text Block]	(m) Income Taxes Income tax expense consists of current and deferred tax expense. Income tax expense is recognized in the consolidated statement of loss and comprehensive loss. Current tax expense is the expected tax payable on the taxable income for the period, using tax rates enacted or substantively enacted at period end, adjusted for amendments to tax payable with regards to previous periods. Deferred tax assets and liabilities are recognized for deferred tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and losses carried forward. Deferred tax assets and liabilities are measured using the enacted or substantively enacted tax rates expected to apply when the asset is realized or the liability is settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that substantive enactment occurs. A deferred tax asset is recognized to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. To the extent that the Company does not consider it probable that a deferred tax asset will be recovered, the deferred tax asset is reduced. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.
Share-based Payments [Policy Text Block]	(n) Share-based Payments The Company grants stock options and restricted share units (" RSUs The fair value method of accounting is used for share-based payment transactions. Under this method, the cost of stock options and other equity-settled share-based payment arrangements are recorded based on the estimated fair value at the grant date and charged to earnings over the vesting period. Where awards are forfeited because non-market based vesting conditions are not satisfied, the expense previously recognized is proportionately reversed in the period the forfeiture occurs.
Segment Reporting [Policy Text Block]	(o) Segment Reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The chief operating decision-maker, who is responsible for allocating resources and assessing performance of the operating segment, has been identified as the Chief Executive Officer (" CEO The Company operates in a single segment, the acquisition and management of precious metal royalties, streams, and similar production-based interests. In addition, the Company has corporate activities, which include the evaluation and acquisition of new precious metal royalties, streams, and similar production-based interests, treasury and finance, regulatory reporting, and corporate administration.
Critical Accounting Estimates and Judgments [Policy Text Block]	(p) Critical Accounting Estimates and Judgments The preparation of the Company's consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities and contingent liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are continuously evaluated and are based on management's experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about significant areas of estimation uncertainty and judgments made by management in preparing the consolidated financial statements are described below. Critical accounting estimates are estimates and assumptions made by management that may result in a material adjustment to the carrying amount of assets and liabilities within the next financial year and include, but are not limited to, the following: Royalty interests The Company holds royalty interests in production stage mineral properties. The royalty interests are recorded initially at their costs and are being depleted using the units of production basis over the expected life of the related mineral property, which is determined using available estimates of future metal prices and future production. Proven and probable reserves and future production plans associated with the royalty interests as determined by the operators impact the measurement of the respective assets. These estimates affect the depletion of the royalty interests and the assessment of the recoverability of the carrying value of the royalty interests. Management considers both external and internal sources of information in assessing whether there are any indications that the Company's royalty interests are impaired. External sources of information that management considers include changes in the market, economic and legal environment in which the Company operates that are not within its control and affect the recoverable amount of its royalty interests. Internal sources of information that management considers include the indications of economic performance of the assets. In determining the recoverable amounts of the Company's royalty interests, management makes estimates of the discounted net cash flows expected to be derived from the Company's royalty interests, costs of disposal, and the appropriate discount rates and discount multiples that apply to the specific asset. Reductions in metal price forecasts, increases in estimated future costs of production for the mine operators, reductions in the amount of recoverable mineral reserves, mineral resources, and exploration potential, and/or adverse current economics can result in a write-down of the carrying amounts of the Company's royalty interests. Depletion The Company's royalty, stream, and other production-based interests that generate economic benefits are considered depletable and are depleted on a unit-of-production basis over the ounces of production that are expected to generate the cash flows that will be attributable to the Company. These calculations require the use of estimates and assumptions, including the amount of contained metals, the recovery rates, and payable rates for the contained metals being treated through a milling or refining process. Changes to these assumptions may impact the estimated recoverable reserves, resources or exploration potential which could directly impact the depletion rates used. Changes to depletion rates are accounted for prospectively. Derivative loan liabilities The Company holds derivative loan liabilities which are carried at fair value at each period end. In order to calculate the fair value at period end the Company uses a valuation model and is required to make estimates and assumptions on the risk free interest rate, expected stock price volatility, and credit spread. Changes to these assumptions may impact the fair value of the liability at period end. Income taxes The interpretation of existing tax laws or regulations in Canada, Australia, Argentina, Mexico, the United States, or any of the countries in which our property interests are located requires the use of judgment. Differing interpretation of these laws or regulations could result in an increase in the Company's taxes, or other governmental charges, duties or impositions. In addition, the recoverability of deferred income tax assets, including expected periods of reversal of temporary differences and expectations of future taxable income, are assessed by management at the end of each reporting period and adjusted, as necessary, on a prospective basis. Functional currency The functional currency for each of the Company's subsidiaries and associates is the currency of the primary economic environment in which the entity operates. Determination of functional currency may involve certain judgments to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions which determine the primary economic environment. Business combinations The assessment of whether an acquisition meets the definition of a business or is considered an asset acquisition is an area of key judgment. For an acquisition to constitute a business acquisition, the Company should be acquiring inputs and processes which could deliver an output. Management would need to apply judgment to determine whether any processes were acquired as part of the acquisition of assets. For both business combinations and asset acquisitions, the assumptions and estimates with respect to determining the fair values often require management to make assumptions and estimates about future events. The assumptions and estimates with respect to determining the fair value of assets acquired and liabilities assumed, those of mineral interests and other properties in particular, generally require a high degree of judgment and include estimates of mineral reserves and mineral resources acquired, future metal prices, discount rates and reserve/resource conversion. Changes in the judgments made or in any of the assumptions or estimates used in determining the fair value of acquired assets and liabilities could impact the amounts assigned to assets and liabilities.
New accounting standards issued but not yet effective which are applicable to the Company [Policy Text Block]	(q) New accounting standards issued but not yet effective which are applicable to the Company. Amendment to IAS 1 - Non-current liabilities with covenants These amendments clarify how conditions with which an entity must comply within 12 months after the reporting period affect the classification of a liability. The amendments also aim to improve the information an entity provides related to liabilities subject to these conditions. These amendments are effective for annual periods beginning on or after January 1, 2024, and are not expected to have a material impact on the Company's future reporting periods.

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2023
Trade and other receivables [abstract]
Disclosure of detailed information about accounts receivables [Table Text Block]	As at December 31, December 31, 2023 2022 Royalty, derivative royalty, and stream receivables $ 2,482 $ 1,190 GST and other recoverable taxes 325 302 Other receivables 4 14 Total accounts receivable $ 2,811 $ 1,506

ROYALTY, STREAM, AND OTHER IN_2

ROYALTY, STREAM, AND OTHER INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Disclosure of detailed information about royalty interests and deferred acquisition costs [Table Text Block]	Producing assets Development assets Exploration assets Total As at December 31, 2021 $ 10,949 $ 86,631 $ 5,284 $ 102,864 First Majestic portfolio acquisition 3,394 11,147 7,421 21,962 Lac Pelletier acquisition - 253 - 253 Beaufor amendment - 1,000 - 1,000 Endeavor Silver Stream reclassification (2) (1,748 ) 1,748 - - El Realito reclassification (3) 2,297 (2,297 ) - - Joaquin and COSE impairments (3,660 ) - - (3,660 ) Depletion (1) (1,765 ) (30 ) (13 ) (1,808 ) Other - - 117 117 As at December 31, 2022 $ 9,467 $ 98,452 $ 12,809 $ 120,728 Nova portfolio acquisition 10,412 120,438 130 130,980 Alamos portfolio acquisition - 4,192 75 4,267 Lama acquisition - 6,601 - 6,601 Del Carmen and Beaufor impairments - (2,355 ) - (2,355 ) Depletion (1) (2,348 ) (30 ) (11 ) (2,389 ) Reclassifications and other - 5,178 (5,186 ) (8 ) As at December 31, 2023 $ 17,531 $ 232,476 $ 7,817 $ 257,824 Historical cost $ 22,008 $ 240,259 $ 7,866 $ 270,133 Accumulated depletion and impairments $ (4,477 ) $ (7,783 ) $ (49 ) $ (12,309 ) (1) Fixed royalty payments were received in relation to certain exploration and development assets. The depletion related to these payments was recorded based on the total fixed royalty payments expected to be received under each contract. (2) The Endeavor mine was previously classified as production, however it was placed on care and maintenance in December 2019 and has not since restarted, as such the Company had reclassified it to development stage properties in 2022. (3) The Company received its first royalty payments on El Realito in 2022 and reclassified it from a development asset to a producing asset.
Disclosure of detailed information about purchase price allocation for acquisition [Table Text Block]	Number of Metalla Shares issued to Nova shareholders 33,893,734 Number of Metalla Shares issued to Nova RSU holders 741,597 Total Number of Metalla Shares issued 34,635,331 Closing price of a Metalla Share on November 30, 2023, on TSXV C$4.34 C$/US$ exchange rate on November 30, 2023 1.3560 Market value of Metalla Shares issued $ 110,853 Value of Nova share options converted to Metalla share options 1,152 Nova long-term debt repaid as part of transaction 11,064 Transaction costs 2,695 Purchase consideration $ 125,764 Cash and cash equivalents $ 79 Accounts receivable 892 Mineral interests 130,980 Current liabilities (6,187 ) Total assets acquired, net of liabilities assumed $ 125,764

DERIVATIVE ROYALTY ASSET (Table

DERIVATIVE ROYALTY ASSET (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Royalty Asset [Abstract]
Disclosure of detailed information about changes in derivative royalty asset [Table Text Block]	Derivative royalty asset As at December 31, 2021 $ 4,034 Payments received or due under derivative royalty asset (2,384 ) Mark-to-market gain on derivative royalty asset 532 As at December 31, 2022 $ 2,182 Payments received or due under derivative royalty asset (2,866 ) Mark-to-market gain on derivative royalty asset 684 As at December 31, 2023 $ -

INVESTMENT IN SILVERBACK (Table

INVESTMENT IN SILVERBACK (Tables)	12 Months Ended
	Dec. 31, 2023
Investment property [Abstract]
Disclosure of detailed information about transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [Table Text Block]	Year ended December 31, 2023 2022 Opening balance $ 595 $ 1,341 Income (loss) in Silverback for the period 75 (589 ) Distribution (220 ) (157 ) Ending balance $ 450 $ 595
Disclosure of detailed information about associates [Table Text Block]	Year ended December 31, 2023 2022 Current assets $ 230 $ 222 Non-current assets - - Total assets 230 222 Total liabilities (60 ) (60 ) Revenue from stream interest 1,466 1,214 Depletion - (195 ) Net income and comprehensive income for the period $ 1,475 $ 946

TRADE AND OTHER PAYABLES (Table

TRADE AND OTHER PAYABLES (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Detailed Information About Trade And Others Payable [Abstract]
Disclosure of detailed information about trade and other payables [Table Text Block]	As at December 31, 2023 December 31, 2022 Trade payables and accrued liabilities $ 5,081 $ 1,223 Taxes payable 313 63 Total trade and other payables $ 5,394 $ 1,286

LOANS PAYABLE (Tables)

LOANS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2023
Loan Payable [Abstract]
Disclosure of detailed information about loans payable [Table Text Block]	A&R Loan Facility Debt Derivative Castle Portion Portion Mountain Loan Total As at December 31, 2021 $ 5,465 $ - $ 5,050 $ 10,515 Interest expense 1,087 - 200 1,287 Interest payments (494 ) - - (494 ) Foreign exchange adjustments (377 ) - - (377 ) Gain on extension of loan payable (346 ) - - (346 ) As at December 31, 2022 $ 5,335 $ - $ 5,250 $ 10,585 Additions 10,357 707 - 11,064 Conversion (2,737 ) - - (2,737 ) Extinguishment of loan facility (195 ) 428 - 233 Modification of loan facility (410 ) 99 - (311 ) Interest expense 771 - 248 1,019 Interest payments (349 ) - (460 ) (809 ) Principal repayment - - (4,340 ) (4,340 ) Fair value adjustment of derivative portion - (673 ) - (673 ) Foreign exchange adjustments 255 - - 255 As at December 31, 2023 $ 13,027 $ 561 $ 698 $ 14,286
Disclosure of detailed information about fair value of derivative loan liability assumptions [Table Text Block]	December 31, December 1, 2023 2023 Maturity date May 10, 2027 May 10, 2027 Risk free interest rate 3.66% 3.98% Share price C$4.05 C$4.44 Expected volatility 52% 52% Dividend yield $ Nil $ Nil Conversion price C$6.00 C$6.00

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue [abstract]
Disclosure of detailed information about revenue [Table Text Block]	Year ended December 31, 2023 2022 Royalty revenue Wharf $ 1,648 $ 1,050 El Realito 2,071 404 Aranzazu 137 - La Encantada 504 - COSE - 228 Joaquin - 483 Total royalty revenue 4,360 2,165 Other fixed royalty payments 235 248 Total revenue $ 4,595 $ 2,413

GENERAL AND ADMINISTRATIVE EX_2

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2023
General And Administrative Expense [Abstract]
Disclosure of detailed information about general and administrative expense [Table Text Block]	Year ended December 31, 2023 2022 Compensation and benefits $ 2,469 $ 2,007 Corporate administration 1,126 1,097 Professional fees 1,123 586 Listing and filing fees 212 196 Total general and administrative expenses $ 4,930 $ 3,886

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
INCOME TAXES [abstract]
Disclosure of detailed information about income tax expense [Table Text Block]	Year ended December 31, 2023 2022 Loss before income taxes $ (4,476 ) $ (10,886 ) Canadian federal and provincial income tax rates 27.00% 27.00% Income tax recovery based on the above rates (1,209 ) (2,939 ) Difference between Canadian and foreign tax rate (323 ) 244 Permanent differences 1,490 123 Changes in unrecognized deferred tax assets 814 2,769 Other adjustments 589 (155 ) Total income tax expense $ 1,361 $ 42 Current income tax expense $ 1,227 $ 53 Deferred income tax expense (recovery) $ 134 $ (11 )
Disclosure of detailed information about deferred income tax asset (liability) [Table Text Block]	As at December 31, December 31, 2023 2022 Deferred tax assets: Mineral expenditures and capital assets $ 3,184 $ 1,044 Share issue costs 828 403 Non-capital losses and others 9,609 5,616 13,621 7,063 Unrecognized deferred tax assets (12,696 ) (6,688 ) Deferred tax liabilities (1,356 ) (832 ) Net deferred income tax liabilities $ (431 ) $ (457 ) Deferred income tax assets $ 105 $ - Deferred income tax liabilities $ (536 ) $ (457 )
Disclosure of detailed information about significant temporary differences, unused tax credits, and unused tax losses [Table Text Block]	Mineral Share issue Non-capital Total Expiry 2026 to 2043 $ - $ 3,065 $ 29,467 $ 32,532 No expiry date $ 11,907 $ - $ 5,800 $ 17,707

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of classes of share capital [abstract]
Disclosure of detailed information about number and weighted average exercise prices of stock options [Table Text Block]	Weighted average exercise price (C$) Number outstanding As at December 31, 2021 $ 6.81 2,833,438 Granted 5.98 605,000 Exercised (1) 2.20 (479,536 ) Forfeited 9.94 (140,000 ) As at December 31, 2022 $ 7.26 2,818,902 Granted 4.05 922,500 Issued as part of Nova Transaction (Note 4) 6.10 2,013,118 Exercised (1) 2.91 (779,527 ) Expired 11.73 (60,000 ) Forfeited 5.98 (80,000 ) As at December 31, 2023 $ 6.83 4,834,993 (1) During the year ended December 31, 2023, 581,226 stock options were exercised on a net exercise basis with a total of 264,988 Common Shares issued for the exercise (2022 - 282,250 and 183,170, respectively).
Disclosure of detailed information about pricing model with weighted average assumptions for share option granted [Table Text Block]	Year ended December 31, 2023 2022 Risk free interest rate 3.71% 3.22% Expected dividend yield 0% 0% Expected stock price volatility 53% 59% Expected life in years 3.25 3.25 Forfeiture rate 0% 0%
Disclosure of detailed information about range of exercise prices of outstanding share options [Table Text Block]	Exercise price Number Number Expiry date (C$) outstanding exercisable January 4, 2024 $ 3.24 65,625 65,625 March 1, 2024 $ 0.70 103,571 103,571 December 1, 2024 $ 13.19 53,100 53,100 December 1, 2024 $ 9.17 736,200 736,200 December 1, 2024 $ 4.33 639,000 639,000 December 1, 2024 $ 4.12 481,247 481,247 January 15, 2025 $ 7.66 518,750 518,750 November 6, 2025 $ 12.85 390,000 390,000 April 27, 2026 $ 11.73 400,000 400,000 August 16, 2027 $ 5.98 525,000 277,500 December 28, 2028 $ 4.05 922,500 - 4,834,993 3,664,993
Disclosure of detailed information about number and weighted average exercise prices of Restricted share units [Table Text Block]	Number outstanding As at December 31, 2021 438,000 Granted 437,554 Settled (131,500 ) Forfeited (22,500 ) As at December 31, 2022 721,554 Granted 587,500 Settled (270,704 ) Forfeited (60,000 ) As at December 31, 2023 978,350

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of transactions between related parties [Abstract]
Disclosure of detailed information about transactions between related parties [Table Text Block]	Year ended 2023 2022 Salaries and fees $ 1,718 $ 1,304 Share-based payments 1,560 2,096 $ 3,278 $ 3,400

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [Abstract]
Disclosure of detailed information about classification of financial instruments [Table Text Block]	As at December 31, 2023 December 31, 2022 Financial assets Amortized cost: Cash $ 14,107 $ 4,555 Royalty, derivative royalty, and stream receivables 2,482 1,190 Other receivables 329 316 Fair value through profit or loss: Derivative royalty asset - 2,182 Marketable securities 295 30 Total financial assets $ 17,213 $ 8,273 Financial liabilities Amortized cost: Trade and other payables $ 5,394 $ 1,286 Loans payable 13,725 10,585 Acquisition payables 2,928 - Fair value through profit or loss: Derivative loan liabilities 561 - Total financial liabilities $ 22,608 $ 11,871

COMMITMENTS (Tables)

COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Of Commitment [Abstract]
Disclosure of detailed information about contractual obligations [Table Text Block]	Less than 1 to Over 1 year 3 years 3 years Total Trade and other payables $ 5,394 $ - $ - $ 5,394 Loans payable principal and interest payments 351 3,355 17,457 21,163 Payments related to acquisition of royalties and streams 1,618 2,500 - 4,118 Total commitments $ 7,363 $ 5,855 $ 17,457 $ 30,675

NATURE OF OPERATIONS (Narrative

NATURE OF OPERATIONS (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Nature Of Operations [Abstract]
Cumulative deficit	$ 63,366	$ 56,334

ACCOUNTS RECEIVABLE (Narrative)

ACCOUNTS RECEIVABLE (Narrative) (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Trade and other receivables [abstract]
Allowance for doubtful accounts

ROYALTY, STREAM, AND OTHER IN_3

ROYALTY, STREAM, AND OTHER INTERESTS (Narrative) (Details) $ / shares in Units, $ / shares in Units, $ in Thousands, $ in Millions	1 Months Ended						12 Months Ended
	Dec. 31, 2023 USD ($) Share	Nov. 30, 2023 $ / shares	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($) $ / shares shares	Feb. 28, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) Share shares	Dec. 31, 2022 USD ($) shares	Dec. 01, 2023 USD ($) Share	Nov. 03, 2023 CAD ($)
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Purchase price of acquisition							$ 8,777	$ 1,467
Sale of mineral claims							4,972	0
Gain on sales of mineral claims							5,093	0
Amount owed	$ 13,725					$ 10,585	13,725	10,585
Acquisition payables	2,928					0	2,928	0
Pine Valley [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest			3%
Fair value of NSR royalty	$ 100						$ 100
Sale of mineral claims			$ 5,000
Gain on sales of mineral claims			$ 5,000
Nova Royalty Corp [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Share exchange ratio									0.36
Number of Metalla Shares issued to Nova shareholders | Share									33,893,734
Number of Metalla Shares issued to Nova RSU holders | Share									741,597
Number of common shares issued for acquisitions | Share	34,943,542						34,943,542		34,635,331
Number of common shares issued for acquisitions of royalty interests | shares							34,943,542
Common shares issued for acquisitions of royalty interests							$ 112,100
Share price per share | $ / shares		$ 4.34
Exchange price per share | $ / shares		$ 1.356
Percentage of ownership interest in subsidiary	60.41%
Proportion of ownership interests held by non-controlling interests	39.59%
Mineral interests									$ 130,980
Current assets									1,000
Current liabilities									$ 6,187
Aranzazu [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							1%
Fair value of NSR royalty	$ 10,400						$ 10,400
Taca Taca [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							0.42%
Fair value of NSR royalty	34,600						$ 34,600
Vizcachitas [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest - open pit operations							0.98%
Percentage of NSR royalty interest - underground operations							0.49%
Fair value of NSR royalty	33,100						$ 33,100
NuevaUnión [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							2%
Fair value of NSR royalty	21,200						$ 21,200
Copper World Complex [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							0.315%
Right of first refusal on NSR royalty							0.36%
Fair value of NSR royalty	$ 12,700						$ 12,700
Lama Royalties Acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Purchase price of agreement				$ 6,500
Purchase price of acquisition paid in cash				$ 2,500
Number of common shares issued for acquisitions of royalty interests | shares				466,827			466,827
Common shares issued for acquisitions of royalty interests				$ 2,500			$ 2,100
Share price per share | $ / shares				$ 4.44
Transaction costs on acquisition				$ 200
Purchase price of agreement payable in shares				2,100
Estimation of mineral reserve of royalty				2,000
Outstanding payment of fair value acquisition date				$ 2,500
Discount rate of acquisition date				10%
Amount of estimated payment				$ 1,900
Acquisition payables				2,500
Accretion expense				$ 100
Lama Royalties Acquisition [Member] | Minimum [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest - gold				2.50%
Percentage of NSR royalty interest - other metals				0.25%
Lama Royalties Acquisition [Member] | Maximum [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest - gold				3.75%
Percentage of NSR royalty interest - other metals				3%
Alamos royalty portfolio acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Purchase price of agreement					$ 4,200
Number of common shares issued for acquisitions of royalty interests | shares					939,355		939,355
Common shares issued for acquisitions of royalty interests							$ 4,200
Share price per share | $ / shares					$ 4.42
Transaction costs on acquisition					$ 100
Zacatecas Silver Corp [Member] | Esperanza Project [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of GVR royalty interest					20%
Mayfair Gold Corp [Member] | Fenn Gibb South Project [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest					1.40%
Platinex Inc [Member] | Ronda Project [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest					2%
New Path Resources Inc [Member] | Northshore West Property [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest					2%
First Majestic Silver Corp [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Purchase price of agreement						$ 21,600		$ 21,600
Number of common shares issued for acquisitions of royalty interests | shares						4,168,056		4,168,056
Common shares issued for acquisitions of royalty interests								$ 21,600
Share price per share | $ / shares						$ 5.19
Transaction costs on acquisition						$ 300
First Majestic Silver Corp [Member] | La Encantada Mine [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of GVR royalty interest							100%
First Majestic Silver Corp [Member] | Del Toro Mine [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							2%
First Majestic Silver Corp [Member] | San Martin Mine [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							2%
First Majestic Silver Corp [Member] | La Luz Project [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							2%
Sierra Madre Gold and Silver Ltd [Member] | La Guitarra Mine [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							2%
GR Silver Mining Ltd [Member] | Plomosas Project [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							2%
Silver Storm Mining Ltd [Member] | La Parrilla Mine [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							2%
Silver Dollar Resources [Member] | La Joya Project [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							2%
Monarch [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Amount owed										$ 10.1
Impairment charge							$ 1,100
Barrick [Member] | Del Carmen Royalty [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Percentage of NSR royalty interest							0.50%
Impairment charge							$ 1,300

DERIVATIVE ROYALTY ASSET (Narra

DERIVATIVE ROYALTY ASSET (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Oct. 31, 2020 USD ($) oz $ / Ounce
Disclosure Of Derivative Royalty Asset [Line Items]
Derivative financial assets	$ 0	$ 2,182	$ 4,034
Mark-to-market gain on derivative royalty asset	684	532
Higginsville Gold Operations [Member] | Karora Resources Inc [Member]
Disclosure Of Derivative Royalty Asset [Line Items]
Percentage of price participation royalty interest				27.50%
Gold price per ounce | $ / Ounce				1,340
Number of gold ounces | oz				2,500
Cumulative gold ounces | oz				34,000
Derivative financial assets	0	2,200		$ 7,200
Mark-to-market gain on derivative royalty asset	$ 700	$ 500

INVESTMENT IN SILVERBACK (Narra

INVESTMENT IN SILVERBACK (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023
Silverback Ltd. ("Silverback") [Member]
Disclosure of associates [line items]
Percentage of ownership interest in subsidiary	15%

LOANS PAYABLE (Narrative) (Deta

LOANS PAYABLE (Narrative) (Details) $ / shares in Units, $ in Thousands, $ in Millions				1 Months Ended									12 Months Ended
	Dec. 01, 2023 CAD ($) $ / shares	Dec. 01, 2023 USD ($)	Jul. 07, 2023 USD ($)	Apr. 30, 2024	Feb. 20, 2024 CAD ($) $ / shares shares	May 31, 2023 CAD ($) $ / shares	May 31, 2023 CAD ($) $ / shares shares	May 31, 2023 USD ($) shares	May 19, 2023	Dec. 31, 2022 CAD ($) $ / shares	Aug. 31, 2022 CAD ($) $ / shares	Oct. 31, 2021 USD ($)	Dec. 31, 2023 CAD ($) $ / shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 01, 2023 USD ($)	Nov. 30, 2023 CAD ($)	May 31, 2023 USD ($)	Apr. 30, 2023 CAD ($)	Mar. 31, 2023 USD ($)
Disclosure Of Loans Payable [Line Items]
Finance charges														$ 206	$ 138
Loss on extinguishment of loan payable														$ 2,355	3,660
Risk free interest rate	3.98%	3.98%												3.66%
Dividend yield	0%	0%												0%
Expected volatility	52%	52%												52%
Loan Amendment [Member] | Third Drawdown [Member]
Disclosure Of Loans Payable [Line Items]
Conversion on loan payable (shares) | shares														545,702
Beedie Capital ("Beedie") [Member] | Amended Facility [Member]
Disclosure Of Loans Payable [Line Items]
Risk free interest rate									4%
Dividend yield									0%
Expected volatility									51%
Expected life in years									2 years
Beedie Capital ("Beedie") [Member] | Amended Facility [Member] | Second Amendment [Member]
Disclosure Of Loans Payable [Line Items]
Effective interest rate on liability									14.60%
Loss on extinguishment of loan payable								$ 1,400
Transaction costs								$ 100
Derivative loan liability fair value																			$ 400
Financial liabilities																			2,700
Face value of the debt						$ 4.2	$ 4.2												$ 3,100
Beedie Capital ("Beedie") [Member] | Loan Amendment [Member]
Disclosure Of Loans Payable [Line Items]
Conversion price per share | $ / shares										$ 7.34
Loan extension fee										$ 0.2
Remaining undrawn available from original loan facility										$ 12
Beedie Capital ("Beedie") [Member] | Loan Amendment [Member] | First Amendment [Member]
Disclosure Of Loans Payable [Line Items]
Conversion price per share | $ / shares											$ 7.34
Loan extension fee											$ 0.2
Gain on extension of loan payable											$ 0.3
Beedie Capital ("Beedie") [Member] | Loan Amendment [Member] | Second Amendment [Member]
Disclosure Of Loans Payable [Line Items]
Convertible loan facility						25	$ 25													$ 20
Effective interest rate on liability				8%			10%	10%
Addition to loan facility							$ 5
Beedie Capital ("Beedie") [Member] | Loan Amendment [Member] | Third Drawdown [Member]
Disclosure Of Loans Payable [Line Items]
Conversion price per share | $ / shares										$ 14.3
Additions to loan payable										$ 5
Beedie Capital ("Beedie") [Member] | Loan Amendment [Member] | Third Drawdown [Member] | Second Amendment [Member] | 5-day VWAP [Member]
Disclosure Of Loans Payable [Line Items]
Conversion price per share | $ / shares							$ 14.3
Conversion of loan facility, converted amount						$ 4	$ 4
Revised conversion price per share | $ / shares						$ 7.33
Conversion of loan facility, shares issued | shares							545,702	545,702
Beedie Capital ("Beedie") [Member] | Loan Amendment [Member] | Third Drawdown [Member] | Second Amendment [Member] | 30-day VWAP [Member]
Disclosure Of Loans Payable [Line Items]
Conversion price per share | $ / shares							$ 14.3
Conversion of loan facility, converted amount						$ 1	$ 1
Revised conversion price per share | $ / shares						$ 8.67
Beedie Capital ("Beedie") [Member] | Loan Amendment [Member] | Fourth Drawdown [Member]
Disclosure Of Loans Payable [Line Items]
Conversion price per share | $ / shares							$ 11.16			$ 11.16
Additions to loan payable										$ 3
Beedie Capital ("Beedie") [Member] | Loan Amendment [Member] | Fourth Drawdown [Member] | Second Amendment [Member]
Disclosure Of Loans Payable [Line Items]
Revised conversion price per share | $ / shares						$ 8.67
Premium percentage to 30-day Volume Weighted Average Price ("VWAP")							30%	30%
Beedie Capital ("Beedie") [Member] | A&R Loan Facility [Member]
Disclosure Of Loans Payable [Line Items]
Convertible loan facility	$ 4.2												$ 30.9
Conversion price per share | $ / shares	$ 6				$ 3.49								$ 6
Effective interest rate on liability	14.60%	14.60%
Conversion of loan facility, converted amount					$ 1.5
Additional draw down		$ 12,200
Fair value of derivative loan liabilities																	$ 900
Conversion of loan facility, shares issued | shares					429,800
Finance charges														$ 200	$ 100
Derivative loan liability fair value																	11,200
Face value of the debt	$ 16.4																$ 12,100
Principal amount of loan	50																	$ 25
Accrued interest amount													$ 2.1
Accrued fees amount													0.8
Amendment fee	0.1
Outstanding principal amount													$ 16.4
Beedie Capital ("Beedie") [Member] | A&R Loan Facility [Member] | Fifth Drawdown [Member]
Disclosure Of Loans Payable [Line Items]
Convertible loan facility	$ 4.2
Conversion price per share | $ / shares	$ 6
Additions to loan payable	$ 12.2
Principal amount of loan	16.4
Nova Royalty Corp [Member] | A&R Loan Facility [Member]
Disclosure Of Loans Payable [Line Items]
Accrued interest amount	2
Accrued fees amount	$ 0.8
Paid-in-kind interest rate	10%																10%
Castle Mountain Acquisition [Member]
Disclosure Of Loans Payable [Line Items]
Stated rate percentage												4%									12%
Additions to loan payable												$ 5,000
Accrued interest amount																$ 700					$ 300
Principal repayment			$ 4,300

SHARE CAPITAL (Narrative) (Deta

SHARE CAPITAL (Narrative) (Details) $ / shares in Units, $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023 CAD ($) Share $ / shares shares	Dec. 31, 2023 USD ($) Share $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) Share $ / shares shares	Dec. 01, 2023 Share
Disclosure of classes of share capital [line items]
Number of shares issued | shares		90,877,231	49,467,877	49,467,877
Number of shares outstanding | shares		90,877,231	49,467,877	49,467,877
Number of shares issued in ATM | shares	944,396	944,396		752,296
ATM average share price | $ / shares		$ 4.9		$ 6.07
ATM gross proceeds | $		$ 4,600,000		$ 4,600,000
Aggregate commissions paid or payable to agents and other share issue costs | $		100,000		100,000
ATM aggregate commissions paid or payable to agents and other share issue costs | $		400,000		400,000
Proceeds from ATM, net of share issue costs | $		$ 4,142,000		$ 4,075,000
Acquisition of royalties and other interests(shares) | shares	1,406,182	1,406,182		4,168,056
Number of shares issued during period for vesting of RSU and exercise of stock options | shares	733,993	733,993		511,956
Percentage of maximum number of shares reserved for issuance under stock option plan	10%	10%
Stock options exercised on a net exercise basis | shares	581,226	581,226		282,250
Number of common shares issued for exercise | shares	264,988	264,988		183,170
Stock options granted | Share	922,500	922,500		605,000
Weighted average exercise price, Granted | $ / shares	$ 4.05		$ 5.98
Fair value at measurement date, share options granted | $		$ 1,100,000	$ 1,200,000	$ 1,200,000
Weighted average fair value per option granted | $		1.24	$ 2.01	2.01
Share-based payments expense | $		$ 734,000		$ 1,524,000
Weighted average remaining life of stock options outstanding	2 years 2 months 1 day	2 years 2 months 1 day		2 years 6 months
Percentage of maximum number of shares reserved for issuance under RSU plan	10%	10%
Share-based payments expense vesting terms of RSUs granted | $		$ 1,500,000		$ 1,400,000
Nova Royalty Corp [Member]
Disclosure of classes of share capital [line items]
Number of common shares issued for acquisitions | Share		34,943,542			34,635,331
Subscription Agreement [Member]
Disclosure of classes of share capital [line items]
Increase decrease in number of shares issued | shares	2,835,539	2,835,539
Proceeds from issuing shares | $	$ 15
Average share price | $ / shares	$ 5.29
Third Drawdown [Member] | Amended Loan Facility [Member]
Disclosure of classes of share capital [line items]
Conversion of loan facility, shares issued | shares	545,702	545,702

RELATED PARTY TRANSACTIONS AN_3

RELATED PARTY TRANSACTIONS AND BALANCES (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Due to directors and management for remuneration and expense reimbursements	$ 0.6	$ 0.3
Amounts due from directors and management related to the payment of withholding amounts

SUPPLEMENTAL DISCLOSURE WITH _2

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS (Narrative) (Details) $ in Millions	1 Months Ended			12 Months Ended
	Mar. 31, 2023 USD ($) shares	Feb. 28, 2023 shares	Dec. 31, 2022 shares	Dec. 31, 2023 USD ($) Share shares	Dec. 31, 2022 USD ($) Share shares
Supplemental Disclosure Of Cash Flow [Line Items]
Value of common shares issued for vesting of RSU				$ 2.2	$ 1.2
Number of common shares issued for vesting of RSU | shares				270,704	131,500
Reallocation from reserves for stock options exercised				$ 0.9	$ 0.5
Number of stock options exercised | Share				779,527	479,536
Third Drawdown [Member] | Amended Loan Facility [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Conversion on loan payable (shares) | shares				545,702
Conversion on loan payable				$ 3.3
Nova Royalty Corp [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Number of common shares issued for acquisitions of royalty interests | shares				34,943,542
Common shares issued for acquisitions of royalty interests				$ 112.1
Lama Royalties Acquisition [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Number of common shares issued for acquisitions of royalty interests | shares	466,827			466,827
Common shares issued for acquisitions of royalty interests	$ 2.5			$ 2.1
Alamos royalty portfolio acquisition [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Number of common shares issued for acquisitions of royalty interests | shares		939,355		939,355
Common shares issued for acquisitions of royalty interests				$ 4.2
First Majestic Silver Corp [Member]
Supplemental Disclosure Of Cash Flow [Line Items]
Number of common shares issued for acquisitions of royalty interests | shares			4,168,056		4,168,056
Common shares issued for acquisitions of royalty interests					$ 21.6

FINANCIAL INSTRUMENTS (Narrativ

FINANCIAL INSTRUMENTS (Narrative) (Details) - Currency risk [Member] $ in Millions	Dec. 31, 2023 USD ($)
Disclosure of detailed information about financial instruments [line items]
Sensitivity analysis, variance, percentage	1%
Value at risk	$ 0.1

ACCOUNTS RECEIVABLE - Disclosur

ACCOUNTS RECEIVABLE - Disclosure of detailed information about accounts receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Trade and other receivables [abstract]
Royalty, derivative royalty, and stream receivables	$ 2,482	$ 1,190
GST and other recoverable taxes	325	302
Other receivables	4	14
Total accounts receivable	$ 2,811	$ 1,506

ROYALTY, STREAM, AND OTHER IN_4

ROYALTY, STREAM, AND OTHER INTERESTS - Disclosure of detailed information about royalty interests and deferred acquisition costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beginning balance	$ 120,728	$ 102,864
Depletion	(2,389)	(1,808)
Other	(8)	117
Ending Balance	257,824	120,728
Historical cost	270,133
Accumulated depletion	(12,309)
First Majestic Portfolio Acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		21,962
Lac Pelletier Acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		253
Beaufor amendment [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beaufor Amendment		1,000
Endeavor Silver Stream reclassification [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Reclassification		0
El Realito reclassification [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Reclassification		0
Joaquin and COSE impairments [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interest impairment		(3,660)
Nova Royalty Corp [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	130,980
Alamos royalty portfolio acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	4,267
Lama Acquisitions [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	6,601
Del Carmen acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	(2,355)
Producing assets [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beginning balance	9,467	10,949
Depletion	(2,348)	(1,765)
Other	0	0
Ending Balance	17,531	9,467
Historical cost	22,008
Accumulated depletion	(4,477)
Producing assets [Member] | First Majestic Portfolio Acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		3,394
Producing assets [Member] | Lac Pelletier Acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		0
Producing assets [Member] | Beaufor amendment [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beaufor Amendment		0
Producing assets [Member] | Endeavor Silver Stream reclassification [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Reclassification		(1,748)
Producing assets [Member] | El Realito reclassification [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Reclassification		2,297
Producing assets [Member] | Joaquin and COSE impairments [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interest impairment		(3,660)
Producing assets [Member] | Nova Royalty Corp [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	10,412
Producing assets [Member] | Alamos royalty portfolio acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	0
Producing assets [Member] | Lama Acquisitions [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	0
Producing assets [Member] | Del Carmen acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	0
Development assets [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beginning balance	98,452	86,631
Depletion	(30)	(30)
Other	5,178	0
Ending Balance	232,476	98,452
Historical cost	240,259
Accumulated depletion	(7,783)
Development assets [Member] | First Majestic Portfolio Acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		11,147
Development assets [Member] | Lac Pelletier Acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		253
Development assets [Member] | Beaufor amendment [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beaufor Amendment		1,000
Development assets [Member] | Endeavor Silver Stream reclassification [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Reclassification		1,748
Development assets [Member] | El Realito reclassification [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Reclassification		(2,297)
Development assets [Member] | Joaquin and COSE impairments [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interest impairment		0
Development assets [Member] | Nova Royalty Corp [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	120,438
Development assets [Member] | Alamos royalty portfolio acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	4,192
Development assets [Member] | Lama Acquisitions [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	6,601
Development assets [Member] | Del Carmen acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	(2,355)
Exploration assets [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beginning balance	12,809	5,284
Depletion	(11)	(13)
Other	(5,186)	117
Ending Balance	7,817	12,809
Historical cost	7,866
Accumulated depletion	(49)
Exploration assets [Member] | First Majestic Portfolio Acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		7,421
Exploration assets [Member] | Lac Pelletier Acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs		0
Exploration assets [Member] | Beaufor amendment [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Beaufor Amendment		0
Exploration assets [Member] | Endeavor Silver Stream reclassification [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Reclassification		0
Exploration assets [Member] | El Realito reclassification [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Reclassification		0
Exploration assets [Member] | Joaquin and COSE impairments [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interest impairment		$ 0
Exploration assets [Member] | Nova Royalty Corp [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	130
Exploration assets [Member] | Alamos royalty portfolio acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	75
Exploration assets [Member] | Lama Acquisitions [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	0
Exploration assets [Member] | Del Carmen acquisition [Member]
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Royalty interests and deferred acquisition costs	$ 0

ROYALTY, STREAM, AND OTHER IN_5

ROYALTY, STREAM, AND OTHER INTERESTS - Disclosure of detailed information about transaction along with total assets acquired, net of liabilities assumed (Details) - Nova Royalty Corp [Member] $ in Thousands	1 Months Ended
	Nov. 30, 2023 $ / shares	Dec. 31, 2023 Share	Dec. 01, 2023 USD ($) Share
Disclosure Of Royalty Interests And Deferred Acquisition Costs [Line Items]
Number of Metalla Shares issued to Nova shareholders | Share			33,893,734
Number of Metalla Shares issued to Nova RSU holders | Share			741,597
Total Number of Metalla Shares issued | Share		34,943,542	34,635,331
Closing price of a Metalla Share on November 30, 2023, on TSXV | $ / shares	$ 4.34
C$/US$ exchange rate on November 30, 2023 | $ / shares	$ 1.356
Value of common shares issued as consideration			$ 110,853
Value of Nova share options converted to Metalla share options			1,152
Nova long-term debt repaid as part of transaction			11,064
Transaction costs			2,695
Purchase consideration			125,764
Cash and cash equivalents			79
Accounts receivable			892
Mineral interests			130,980
Current liabilities			(6,187)
Total assets acquired, net of liabilities assumed			$ 125,764

DERIVATIVE ROYALTY ASSET - Disc

DERIVATIVE ROYALTY ASSET - Disclosure of detailed information about changes in the derivative royalty asset (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Derivative Royalty Asset [Abstract]
Derivative royalty asset, beginning balance	$ 2,182	$ 4,034
Payments received or due under derivative royalty asset	(2,866)	(2,384)
Mark-to-market gain on derivative royalty asset	684	532
Derivative royalty asset, ending balance	0	2,182
Current portion	$ 0	$ 2,182

INVESTMENT IN SILVERBACK - Disc

INVESTMENT IN SILVERBACK - Disclosure of detailed information about transactions recognised separately from acquisition of assets and assumption of liabilities in business combination (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of associates [line items]
Opening balance	$ 595
Income (loss) in Silverback for the period	75	$ (589)
Ending balance	450	595
Silverback Ltd. ("Silverback") [Member]
Disclosure of associates [line items]
Opening balance	595	1,341
Income (loss) in Silverback for the period	75	(589)
Distribution	(220)	(157)
Ending balance	$ 450	$ 595

INVESTMENT IN SILVERBACK - Di_2

INVESTMENT IN SILVERBACK - Disclosure of detailed information about subsidiary (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of associates [line items]
Current assets	$ 17,652	$ 9,566
Non-current assets	258,379	121,323
Total assets	276,031	130,889
Total liabilities	(23,144)	(12,328)
Silverback Ltd. ("Silverback") [Member]
Disclosure of associates [line items]
Current assets	230	222
Non-current assets	0	0
Total assets	230	222
Total liabilities	(60)	(60)
Revenue from stream interest	1,466	1,214
Depletion	0	(195)
Net income and comprehensive income for the period	$ 1,475	$ 946

TRADE AND OTHER PAYABLES - Disc

TRADE AND OTHER PAYABLES - Disclosure of detailed information about trade and other payable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Trade and other payables [abstract]
Trade payables and accrued liabilities	$ 5,081	$ 1,223
Taxes payable	313	63
Total trade and other payables	$ 5,394	$ 1,286

LOANS PAYABLE - Disclosure of d

LOANS PAYABLE - Disclosure of detailed information about loans payable (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loan Payable [Line Items]
Opening balance	$ 10,585
Interest expense	1,170	$ 1,287
Interest payments	(809)	(494)
Ending balance	13,725	10,585
Loans Payable [Member]
Loan Payable [Line Items]
Opening balance	10,585	10,515
Additions	11,064
Conversion	(2,737)
Extinguishment of loan facility	233
Modification of loan facility	311
Interest expense	1,019	1,287
Interest payments	(809)	(494)
Principal repayment	(4,340)
Fair value adjustment of derivative portion	(673)
Foreign exchange adjustments	255	(377)
Gain on extension of loan payable		(346)
Ending balance	14,286	10,585
A&R Loan Facility Debt Portion [Member] | Loans Payable [Member]
Loan Payable [Line Items]
Opening balance	5,335	5,465
Additions	10,357
Conversion	(2,737)
Extinguishment of loan facility	(195)
Modification of loan facility	(410)
Interest expense	771	1,087
Interest payments	(349)	(494)
Principal repayment	0
Fair value adjustment of derivative portion	0
Foreign exchange adjustments	255	(377)
Gain on extension of loan payable		(346)
Ending balance	13,027	5,335
A&R Loan Facility Derivative Portion [Member] | Loans Payable [Member]
Loan Payable [Line Items]
Opening balance	0	0
Additions	707
Conversion	0
Extinguishment of loan facility	428
Modification of loan facility	99
Interest expense	0	0
Interest payments	0	0
Principal repayment	0
Fair value adjustment of derivative portion	(673)
Foreign exchange adjustments	0	0
Gain on extension of loan payable		0
Ending balance	561	0
Castle Mountain Loan [Member] | Loans Payable [Member]
Loan Payable [Line Items]
Opening balance	5,250	5,050
Additions	0
Conversion	0
Extinguishment of loan facility	0
Modification of loan facility	0
Interest expense	248	200
Interest payments	(460)	0
Principal repayment	(4,340)
Fair value adjustment of derivative portion	0
Foreign exchange adjustments	0	0
Gain on extension of loan payable		0
Ending balance	$ 698	$ 5,250

LOANS PAYABLE - Disclosure of_2

LOANS PAYABLE - Disclosure of detailed information about fair value of derivative loan liability assumptions (Details) - $ / shares		12 Months Ended
	Dec. 01, 2023	Dec. 31, 2023
Loan Payable [Abstract]
Maturity date	May 10, 2027	May 10, 2027
Risk free interest rate	3.98%	3.66%
Share price	$ 4.44	$ 4.05
Expected volatility	52%	52%
Dividend yield	0%	0%
Conversion Price	$ 6	$ 6

REVENUE - Disclosure of detaile

REVENUE - Disclosure of detailed information about revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue [Line Items]
Royalty revenue	$ 4,360	$ 2,165
Other fixed royalty payments	235	248
Total revenue	4,595	2,413
Wharf [Member]
Revenue [Line Items]
Royalty revenue	1,648	1,050
El Realito [Member]
Revenue [Line Items]
Royalty revenue	2,071	404
Aranzazu [Member]
Revenue [Line Items]
Royalty revenue	137	0
La Encantada [Member]
Revenue [Line Items]
Royalty revenue	504	0
COSE [Member]
Revenue [Line Items]
Royalty revenue	0	228
Joaquin [Member]
Revenue [Line Items]
Royalty revenue	$ 0	$ 483

GENERAL AND ADMINISTRATIVE EX_3

GENERAL AND ADMINISTRATIVE EXPENSES - Disclosure of detailed information about general and administrative expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
General And Administrative Expense [Abstract]
Compensation and benefits	$ 2,469	$ 2,007
Corporate administration	1,126	1,097
Professional fees	1,123	586
Listing and filing fees	212	196
Total general and administrative expenses	$ 4,930	$ 3,886

INCOME TAXES - Disclosure of de

INCOME TAXES - Disclosure of detailed information about income tax expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
INCOME TAXES [abstract]
Loss before income taxes	$ (4,476)	$ (10,886)
Canadian federal and provincial income tax rates	27%	27%
Income tax recovery based on the above rates	$ (1,209)	$ (2,939)
Difference between Canadian and foreign tax rate	(323)	244
Permanent differences	1,490	123
Changes in unrecognized deferred tax assets	814	2,769
Other adjustments	589	(155)
Total income tax expense	1,361	42
Current income tax expense (recovery)	1,227	53
Deferred income tax expense (recovery)	$ 134	$ (11)

INCOME TAXES - Disclosure of _2

INCOME TAXES - Disclosure of detailed information about deferred income tax asset (liability) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Deferred tax assets	$ 13,621	$ 7,063
Unrecognized deferred tax assets	(12,696)	(6,688)
Deferred tax liabilities	(1,356)	(832)
Net deferred income tax liabilities	(431)	(457)
Deferred income tax assets	105	0
Deferred income tax liabilities	(536)	(457)
Mineral expenditures and capital assets [Member]
Deferred tax assets:
Deferred tax assets	3,184	1,044
Share issue costs [Member]
Deferred tax assets:
Deferred tax assets	828	403
Non-capital losses and others [Member]
Deferred tax assets:
Deferred tax assets	$ 9,609	$ 5,616

INCOME TAXES - Disclosure of _3

INCOME TAXES - Disclosure of detailed information about significant temporary differences, unused tax credits, and unused tax losses (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Unrecognized deferred tax assets	$ 12,696	$ 6,688
Expiry 2026 To 2043 [Member]
Deferred tax assets:
Unrecognized deferred tax assets	32,532
No expiry date [Member]
Deferred tax assets:
Unrecognized deferred tax assets	17,707
Mineral expenditures and other capital assets [Member] | Expiry 2026 To 2043 [Member]
Deferred tax assets:
Unrecognized deferred tax assets	0
Mineral expenditures and other capital assets [Member] | No expiry date [Member]
Deferred tax assets:
Unrecognized deferred tax assets	11,907
Share issue costs [Member] | Expiry 2026 To 2043 [Member]
Deferred tax assets:
Unrecognized deferred tax assets	3,065
Share issue costs [Member] | No expiry date [Member]
Deferred tax assets:
Unrecognized deferred tax assets	0
Non-capital losses and others [Member] | Expiry 2026 To 2043 [Member]
Deferred tax assets:
Unrecognized deferred tax assets	29,467
Non-capital losses and others [Member] | No expiry date [Member]
Deferred tax assets:
Unrecognized deferred tax assets	$ 5,800

SHARE CAPITAL - Disclosure of d

SHARE CAPITAL - Disclosure of detailed information about number and weighted average exercise prices of stock options (Details)	12 Months Ended
	Dec. 31, 2023 Share $ / shares shares	Dec. 31, 2022 Share $ / shares
Disclosure of classes of share capital [abstract]
Balance | Share	2,818,902	2,833,438
Granted | Share	922,500	605,000
Issued as part of Nova Transaction | shares	2,013,118
Exercised | Share	(779,527)	(479,536)
Cancelled/Expired | Share	(60,000)
Forfeited | Share	(80,000)	(140,000)
Balance | Share	4,834,993	2,818,902
Weighted average exercise price, Balance	$ 7.26	$ 6.81
Weighted average exercise price, Granted	4.05	5.98
Weighted average exercise price, Issued as part of Nova Transaction	6.1
Weighted average exercise price, Exercised	2.91	2.2
Weighted average exercise price, Cancelled/Expired	11.73
Weighted average exercise price, Forfeited	5.98	9.94
Weighted average exercise price, Balance	$ 6.83	$ 7.26

SHARE CAPITAL - Disclosure of_2

SHARE CAPITAL - Disclosure of detailed information about pricing model with weighted average assumptions for share option granted (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
Risk free interest rate	3.71%	3.22%
Expected dividend yield	0%	0%
Expected stock price volatility	53%	59%
Expected life in years	3.25	3.25
Forfeiture rate	0%	0%

SHARE CAPITAL - Disclosure of_3

SHARE CAPITAL - Disclosure of detailed information about range of exercise prices of outstanding share options (Details)	Dec. 31, 2023 Share $ / shares	Dec. 31, 2022 Share	Dec. 31, 2021 Share
Disclosure of range of exercise prices of outstanding share options [line items]
Outstanding	4,834,993	2,818,902	2,833,438
Exercisable	3,664,993
January 4, 2024 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 3.24
Outstanding	65,625
Exercisable	65,625
March 1, 2024 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 0.7
Outstanding	103,571
Exercisable	103,571
December 1, 2024 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 13.19
Outstanding	53,100
Exercisable	53,100
December 1, 2024 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 9.17
Outstanding	736,200
Exercisable	736,200
December 1, 2024 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 4.33
Outstanding	639,000
Exercisable	639,000
December 1, 2024 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 4.12
Outstanding	481,247
Exercisable	481,247
January 15, 2025 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 7.66
Outstanding	518,750
Exercisable	518,750
November 6, 2025 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 12.85
Outstanding	390,000
Exercisable	390,000
April 27, 2026 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 11.73
Outstanding	400,000
Exercisable	400,000
August 16, 2027 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 5.98
Outstanding	525,000
Exercisable	277,500
December 28, 2028 [Member]
Disclosure of range of exercise prices of outstanding share options [line items]
Exercise price of outstanding share options | $ / shares	$ 4.05
Outstanding	922,500
Exercisable	0

SHARE CAPITAL - Disclosure of_4

SHARE CAPITAL - Disclosure of detailed information about number and weighted average exercise prices of Restricted share units (Details) - Share	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
Balance	721,554	438,000
Granted	587,500	437,554
Settled	(270,704)	(131,500)
Forfeited	(60,000)	(22,500)
Balance	978,350	721,554

RELATED PARTY TRANSACTIONS AN_4

RELATED PARTY TRANSACTIONS AND BALANCES - Disclosure of detailed information about transactions between related parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [Abstract]
Salaries and fees	$ 1,718	$ 1,304
Share-based payments	1,560	2,096
Total	$ 3,278	$ 3,400

FINANCIAL INSTRUMENTS - Disclos

FINANCIAL INSTRUMENTS - Disclosure of detailed information about classification of financial instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Amortized cost:
Cash	$ 14,107	$ 4,555
Royalty, derivative royalty, and stream receivables	2,482	1,190
Other receivables	329	316
Fair value through profit or loss:
Derivative royalty asset	0	2,182	$ 4,034
Marketable securities	295	30
Total financial assets	17,213	8,273
Amortized cost:
Trade and other payables	5,394	1,286
Loans payable	13,725	10,585
Acquisition payables	2,928	0
Fair value through profit or loss:
Derivative loan liability	561	0
Total financial liabilities	$ 22,608	$ 11,871

COMMITMENTS - Disclosure of det

COMMITMENTS - Disclosure of detailed information about contractual obligations (Detail) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments [Line Items]
Total contractual commitments	$ 30,675
Less than 1 year [Member]
Commitments [Line Items]
Total contractual commitments	7,363
1 to 3 years [Member]
Commitments [Line Items]
Total contractual commitments	5,855
Over 4 years [Member]
Commitments [Line Items]
Total contractual commitments	17,457
Trade and other payables [Member]
Commitments [Line Items]
Total contractual commitments	5,394
Trade and other payables [Member] | Less than 1 year [Member]
Commitments [Line Items]
Total contractual commitments	5,394
Trade and other payables [Member] | 1 to 3 years [Member]
Commitments [Line Items]
Total contractual commitments	0
Trade and other payables [Member] | Over 4 years [Member]
Commitments [Line Items]
Total contractual commitments	0
Loans payable principal and interest payments [Member]
Commitments [Line Items]
Total contractual commitments	21,163
Loans payable principal and interest payments [Member] | Less than 1 year [Member]
Commitments [Line Items]
Total contractual commitments	351
Loans payable principal and interest payments [Member] | 1 to 3 years [Member]
Commitments [Line Items]
Total contractual commitments	3,355
Loans payable principal and interest payments [Member] | Over 4 years [Member]
Commitments [Line Items]
Total contractual commitments	17,457
Payments related to acquisition of royalties and streams [Member]
Commitments [Line Items]
Total contractual commitments	4,118
Payments related to acquisition of royalties and streams [Member] | Less than 1 year [Member]
Commitments [Line Items]
Total contractual commitments	1,618
Payments related to acquisition of royalties and streams [Member] | 1 to 3 years [Member]
Commitments [Line Items]
Total contractual commitments	2,500
Payments related to acquisition of royalties and streams [Member] | Over 4 years [Member]
Commitments [Line Items]
Total contractual commitments	$ 0