SAILFISH ROYALTY CORP - SROYF STOCK NEWS

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) reported record Q2 2024 results, with significant improvements across key financial metrics. Highlights include:

- Gold ounces earned from stream interests increased to 365 for Q2 2024 (up from 268 in Q2 2023)
- Total revenues reached $1,026,242 for Q2 2024 (up from $529,648 in Q2 2023)
- Net income of $1,141,470 for Q2 2024 (compared to a net loss of $434,676 in Q2 2023)
- Quarterly dividends of $0.0125 per share declared and paid

The company also announced engaging Renmark Financial Communications Inc. to enhance investor relations activities, with a monthly fee of up to CAD$8,000 for seven months, subject to TSX-V approval.

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) has announced a new Normal Course Issuer Bid (NCIB) approved by the TSX Venture Exchange. The company plans to repurchase up to 3,539,756 common shares, approximately 5% of its outstanding shares, between July 22, 2024, and July 21, 2025. Purchases will be made on the open market at prevailing prices through Ventum Financial Corp. and funded from working capital.

This follows the completion of a previous NCIB where Sailfish bought back 1,825,400 shares at an average price of $1.2187 per share. The Board believes the current share price undervalues the company and that the buyback is in shareholders' best interests, potentially increasing their equity stake if repurchased shares are cancelled.

Sailfish Royalty has declared its second quarterly cash dividend for 2024, set at US$0.0125 per common share. The dividend will be payable on July 15, 2024, to shareholders on record as of June 30, 2024.

The Board retains the discretion to alter future dividends based on the company's financial status and other factors. Additionally, Sailfish has decided to settle US$205,000 in accrued interest via issuing 221,696 common shares at a price of CDN$1.267 per share to holders of convertible debentures.

This share issuance involves related party transactions with Wexford Catalyst Trading and Wexford Spectrum Trading but is exempt from certain regulatory requirements. The issuance is pending TSXV approval and the shares will be under a four-month statutory hold.

Sailfish Royalty Corp. (TSXV: FISH, OTCQX: SROYF) announced its Q1 2024 financial results. Key highlights include gold ounces earned from stream interests of 91, reflecting a decline from 360 in Q1 2023. Royalty revenue surged to $161,987, up from $0 in the same period last year. Total revenues stood at $357,955, down from $676,478 in Q1 2023. The company reported a gross profit of $248,088 compared to $366,181 a year ago. Notably, Sailfish achieved a net income of $148,034, a recovery from a net loss of $609,557 in Q1 2023. The firm repurchased and canceled 516,100 common shares and declared a quarterly dividend of $0.0125 per share. Subsequent to Q1, Sailfish received 13,500 ounces of silver, canceled 348,700 shares, and purchased 321,200 shares on the market.

Sailfish Royalty Corp. reported its annual and Q4 2023 results, showcasing positive highlights such as earnings of 1,078 gold ounces from stream interests and royalty revenue of $261,106 for the year. The company also declared a quarterly dividend of $0.0125 per common share for Q1-Q4 2023. However, there was a net loss of $1,105,864 for the year. In Q4 2023, Sailfish earned 243 gold ounces and recorded $246,445 in royalty revenue. The company achieved a gross profit of $499,999 and a net income of $204,956 for the quarter. Despite these positive results, there was an overall decrease in total revenues from 2022 to 2023.

Sailfish Royalty Corp. announces the progress made in the permitting process for the Spring Valley Mine Project in Nevada. The Company's royalty portfolio covers 100% of the proposed open pit with a 3% net smelter return royalty. The project includes various facilities and activities, with an expected 29-year lifespan employing a workforce of up to 250 employees. Sailfish holds different NSR royalties on portions of the open pit area. The Spring Valley Mine Project hosts a 2014 NI 43-101 compliant report.

Sailfish Royalty Corp. (SROYF) declares its first quarterly cash dividend for 2024 of US$0.0125 per common share. The Board of Directors will review future dividends based on financial position and other factors. The Company also announces the termination of the share purchase option agreement with CMC Metals regarding the acquisition of Swordfish Silver Corp.

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) has entered into a share purchase option agreement with CMC Metals Ltd. to acquire all shares of Swordfish Silver Corp., which holds mineral rights to the Gavilanes property in Mexico. CMC will make cash payments, issue common shares, and incur exploration expenditures to exercise the option.

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) declares fourth quarterly cash dividend of US$0.0125 per common share payable on January 15, 2024. The company also completed the issuance of 219,397 common shares at a price of C$1.28 per Share in settlement of interest owed to the holders of convertible debentures dated May 24, 2023.