Sailfish Royalty Stock Price, News & Analysis

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) has announced two significant developments. First, the company received TSX Venture Exchange approval for a Normal Course Issuer Bid (NCIB) to repurchase up to 3,767,749 common shares (5% of outstanding shares) between August 12, 2025, and August 11, 2026. Under its previous NCIB, the company purchased 1,400,200 shares at an average price of $1.4759.

Second, Sailfish has completed the sale of its Gavilanes silver project to Advance Metals Limited (AML) in exchange for US$50,000 cash, 16.8 million AML shares, 33.6 million performance rights, and a 2% net smelter return royalty. Additionally, the company will transition from OTCQX to OTCQB market effective August 28, 2025, to reduce costs.

Sailfish Royalty Corp. (OTCQX: SROYF) announced that the U.S. Bureau of Land Management has approved the Spring Valley Gold Mine Project in Pershing County, Nevada. The project, operated by Solidus Resources, will include an open-pit gold mine with a 21-year total life span, comprising 2 years of construction, 11 years of mining, 3 years of ore processing, and 5 years of reclamation.

The project will employ 130 contractors during construction and 250 full-time employees during operations. Sailfish holds various net smelter return (NSR) royalties on the project, including up to 3% NSR on the majority of the open pit area. The approved operations plan allows for 33% more throughput than outlined in the 2025 feasibility study, which was based on a gold price of $1,800/oz.

The Bureau of Land Management (BLM) has issued the Final Environmental Impact Statement for the Spring Valley Gold Mine in Pershing County, Nevada, ahead of schedule. Sailfish Royalty Corp holds significant royalty interests in the project, including up to a 3% NSR on the majority of the proposed open pit. Following a 30-day review period ending July 14, 2025, a Record of Decision is expected by August 11, 2025, potentially allowing immediate construction start with first gold production targeted for 2028. The project's 21-year lifespan includes 2 years of construction, 11 years of mining, 3 years of processing, and 5 years of reclamation. Spring Valley will employ 130 contractors during construction and 250 full-time employees during operations. The company expects potential optimization of the project beyond the current feasibility study's $1,800/oz gold price assumption.

Sailfish Royalty Corp (SROYF) reported its Q1 2025 financial results, showing mixed performance. Total revenues increased to $587,220, up from $357,955 in Q1 2024, with royalty revenue reaching $535,923. While gross profit grew to $562,488 from $248,088 year-over-year, the company recorded a net loss of $75,718 compared to a net income of $148,034 in Q1 2024. Gold ounces earned from stream interests decreased to 18 ounces from 91 ounces in the previous year. The company maintained its quarterly dividend of $0.0125 per share and continued its share buyback program, repurchasing 182,600 shares. Post-quarter, Sailfish exercised a $1 million option to purchase remaining silver production from Mako's San Albino mine and converted outstanding Convertible Debentures into 4,134,013 common shares.

Sailfish Royalty Corp (SROYF) reported significant drilling results from Mako Mining's exploration program at the El Golfo area within the El Jicaro concession, where Sailfish holds a 2% net smelter return royalty. Key highlights include drill hole EJ25-RC53 intersecting 39.15 g/t gold and 27.8 g/t silver over 8.0m (5.9m estimated true width) just 19.2m below surface. Additionally, Mako released results from 91 drill holes at Las Conchitas operation, with notable intersections including 117.98 g/t Au over 2.0m at Cruz Grande/El Limon Vein and 18.14 g/t Au over 7.0m at Mina Francisco Vein. The El Golfo area is located less than a kilometer from current Las Conchitas mining pits, with 12 drill holes completed targeting the Pavona zone.

Sailfish Royalty Corp (SROYF) announced that Solidus Resources has received a Letter of Interest from the Export-Import Bank of the United States for potential financing of up to US$835 million for the Spring Valley Gold Project in Nevada. The funding is being considered under EXIM's Make More in America initiative and China and Transformational Exports Program.

Sailfish holds significant royalty interests in Spring Valley, including up to 3% NSR on the majority of the proposed open pit area, 1.5% NSR on a portion, and 0.5% NSR on another portion. The operator expects first gold production in 2028, with full construction permits anticipated by August 2025. The development follows gold's classification as a critical mineral in a March 2025 White House Executive order.

Sailfish Royalty Corp. (SROYF) has declared its Q2 2025 quarterly cash dividend of US$0.0125 per common share, payable on July 15, 2025, to shareholders of record as of June 30, 2025. Additionally, the company has converted outstanding convertible debentures into 4,134,013 common shares and will settle US$185,639 in accrued interest through the issuance of 124,322 shares at CDN$2.06 per share. The debentures, dated May 24, 2023, accrue interest at 10% per annum payable semi-annually.

Sailfish Royalty has exercised its option to purchase all remaining silver production from Mako Mining's San Albino mine for US$1 million. The transaction covers silver production from the mine and Mako-owned concessions as of March 1, 2023.

In a significant development for the Spring Valley Mine Project, the Bureau of Land Management (BLM) has announced key timeline targets:

• Final Environmental Impact Statement expected by July 11, 2025
• Record of Decision anticipated by August 11, 2025
• Project construction planned to begin in Q3/25

The company highlights three key points: anticipated improved silver exposure, positive construction outlook, and gold's recent classification as a critical mineral by White House Executive order (March 20, 2025). Additionally, a recent benchmark transaction of US$248 million for a 1% NSR on Silicon-Merlin provides valuable context for Sailfish's royalty holdings, which include up to 3% NSR on Spring Valley and 2% NSR on Moonlight.

Sailfish Royalty Corp (SROYF) has released its annual and Q4 2024 financial results. For the full year 2024, the company reported total revenues of $2.84 million, up from $2.33 million in 2023, with a gross profit of $1.87 million. The company earned 782 gold ounces from stream interests and generated royalty revenue of $974,644.

Notable achievements include the sale of 160,067 ounces of silver from its Silver Receivable for $4.4 million and a net income of $550,033, compared to a net loss of $1.1 million in 2023. The company maintained consistent quarterly dividends of $0.0125 per share throughout 2024 and repurchased 1,836,300 common shares.

In Q4 2024, Sailfish reported revenues of $725,712 and gross profit of $599,002, but recorded a net loss of $601,824 compared to a net income of $204,956 in Q4 2023. Gold ounces earned from stream interests decreased to 111 ounces in Q4 2024 from 243 ounces in Q4 2023.