SAILFISH ROYALTY CORP - SROYF STOCK NEWS

Sailfish Royalty Corp. announced its Q3 2022 results, reporting revenues of $600,578 and a net loss of $388,265. During this quarter, the company earned 347 gold ounces, while for the nine months ending September 30, 2022, revenues reached $1,970,002 with a net loss of $1,070,644. The company repurchased over 594,600 shares under its normal course issuer bid. CEO Paolo Lostritto noted a record revenue achievement and steady gold production, with expectations for further revenue enhancements. However, the market undervalues Sailfish's stock, which may not be sustainable.

Sailfish Royalty Corp. (SROYF) provided an update regarding U.S. sanctions imposed on the General Directorate of Mines, effective from October 24, 2022. Mako Mining Corp. stated that there would be no material changes to its operations in Nicaragua due to these sanctions. CEO Paolo Lostritto reassured that the company's Nicaraguan stream has not faced material impacts and confirmed active share repurchases under a normal course issuer bid, aiming to reflect the company's fundamental asset value.

Sailfish Royalty Corp. has appointed Paolo Lostritto as the new CEO and Director, replacing Cesar Gonzalez, who will focus on his role at Bonterra Resources. Lostritto has been with the company since March 2021, contributing to its growth and operations, including the acquisition of a royalty on the Tocantinzinho gold project. He highlighted the company’s strong financial position and growth potential in the precious metals royalty sector.

Gonzalez, a co-founder, will continue as a consultant, aiding in strategic developments.

Sailfish Royalty Corp. (SROYF) announced a cash dividend of US$0.0125 per common share for Q3 2022, payable on October 14, 2022. Shareholders on record by September 30, 2022 will receive this dividend. The company's Board of Directors will continue to review its dividend policy, which may change based on financial performance, profitability, and cash flow considerations. Sailfish holds precious metal assets, including a gold stream at the San Albino mine and the Spring Valley project, asserting its commitment to shareholder returns.

Sailfish Royalty Corp. reported its Q2 2022 results, featuring a total of 345 gold ounces earned and revenues of $646,859. The gross profit stood at $349,757, while the company faced a net loss of $885,833 for the quarter. For the six months, revenues reached $1,369,424 with a gross profit of $713,017 and a net loss of $682,380. The company repurchased over 1 million shares and paid dividends totaling $0.0125 per common share. CEO Cesar Gonzalez expressed optimism for continued shareholder returns through share buybacks and dividends.

Sailfish Royalty Corp. announced a Normal Course Issuer Bid, allowing it to repurchase up to 3,586,886 common shares, or 5% of outstanding shares, from July 14, 2022, to July 13, 2023. The buyback will be executed at market price and funded from working capital. The Board believes current market prices do not reflect the true value of shares, and repurchases are expected to benefit remaining shareholders by increasing their equity interest. Previously, the Company bought 2,593,800 shares at an average price of $1.3229 per share in a prior bid.