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Sailfish Royalty Corp. (SROYF) is a precious metals royalty and streaming company with a portfolio of assets in the Americas. The company recently entered into a share purchase option agreement with CMC Metals Ltd. to acquire shares of Swordfish Silver Corp., enhancing its mineral rights in Mexico. Sailfish focuses on projects like the Gavilanes Silver Project in Durango, Mexico, and holds royalties on the San Albino gold mine in Nicaragua and the Spring Valley gold project in Nevada. The Company's Board of Directors has declared quarterly cash dividends, demonstrating financial stability and growth.
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.
Sailfish Royalty Corp. (OTCQX: SROYF) announced significant updates regarding its gold stream, equivalent to a 3% net smelter return royalty on the San Albino gold mine in Nicaragua. Highlights include new high-grade drill results from Mako Mining Corp., revealing a mineralized area of 530m x 470m at the SW Pit, an increase from 50m x 50m in earlier estimates. Notable drill results show gold grades up to 42.91 g/t Au. The aim of the drilling program is to identify new mineral resources for potential open pit and underground mining.
Sailfish Royalty Corp. (SROYF) announced a significant gold discovery by Mako Mining Corp. at Las Conchitas North, with impressive intercepts of 51.80 g/t gold and 29.8 g/t silver over 0.90 meters. Sailfish holds a 3% net smelter return royalty on the San Albino mine and a 2% NSR on Las Conchitas, enhancing future cash flow prospects. The company declared a quarterly dividend of $0.0125 per share, payable on July 15, 2022, to shareholders on record by June 30, 2022. This discovery may contribute to increased shareholder value.
Sailfish Royalty Corp. (OTCQX: SROYF) announced receiving a lead order commitment from Barnwell Investments LLC for a private placement as part of its proposed transaction with 1287398 B.C. Ltd. (Swordfish Silver). This placement involves 4,310,345 subscription receipts priced at US$1.16 each, totaling US$5 million. The proceeds aim to advance the Commonwealth Silver-Gold Project and the Gavilanes Silver Project. Completion of the transaction hinges on several conditions, including regulatory approvals and the transfer of the Gavilanes Silver Project to Pubco.
Sailfish Royalty Corp. (SROYF) announced its Q1 2022 results, reporting 389 gold ounces earned and revenues of $722,564. The gross profit stood at $363,259, with a net income of $203,454. The company repurchased 554,000 shares under its normal course issuer bid and declared a quarterly dividend of $0.0125 per share. Following Q1, Sailfish bought back an additional 387,200 shares. The financial performance reflects ongoing profitability from its operations, including cash flow from a gold-linked loan to Mako Mining Corp.
Sailfish Royalty Corp. (OTCQX: SROYF) announced strong operating results for 2021, earning 823 ounces of gold and generating revenues of $1,475,283. The company's gross profit was $780,977, and it reported a net income of $3,268,873. During Q4 2021, Sailfish earned 394 ounces of gold, with revenues of $702,687 and a gross profit of $372,964, although it faced a net loss of $486,936. The company declared dividends of $0.0125 per share and continues to rank among high-yield dividend payers in the precious metals sector.
Sailfish Royalty Corp. (SROYF) is progressing discussions to finalize a transaction with Pubco, aiming to establish a silver-focused exploration company. This will involve transferring the Gavilanes silver project in Durango, Mexico, to Pubco in exchange for shares, contingent upon the acquisition of the Commonwealth silver-gold project and a planned US$5,000,000 private placement. Recent exploration work at both projects indicates substantial growth potential, with new veins identified at Gavilanes and ongoing geophysical studies at Commonwealth.
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