Sailfish Reports Record Q2 2024 Results and Engages Renmark Financial Communications Inc.
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) ha riportato risultati record per il secondo trimestre del 2024, con significativi miglioramenti in vari indicatori finanziari chiave. I punti salienti includono:
- Le once d'oro guadagnate dagli interessi di streaming sono aumentate a 365 per il secondo trimestre del 2024 (rispetto a 268 nel secondo trimestre del 2023)
- I ricavi totali hanno raggiunto $1.026.242 per il secondo trimestre del 2024 (rispetto a $529.648 nel secondo trimestre del 2023)
- Reddito netto di $1.141.470 per il secondo trimestre del 2024 (rispetto a una perdita netta di $434.676 nel secondo trimestre del 2023)
- Dividendi trimestrali di $0,0125 per azione dichiarati e pagati
La società ha anche annunciato di aver ingaggiato Renmark Financial Communications Inc. per migliorare le attività di relazioni con gli investitori, con una commissione mensile di fino a CAD$8.000 per sette mesi, soggetta all'approvazione di TSX-V.
Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) reportó resultados récord para el segundo trimestre de 2024, con mejoras significativas en diversas métricas financieras clave. Los aspectos más destacados incluyen:
- Las onzas de oro obtenidas de intereses de streaming aumentaron a 365 en el segundo trimestre de 2024 (frente a 268 en el segundo trimestre de 2023)
- Los ingresos totales alcanzaron $1,026,242 en el segundo trimestre de 2024 (frente a $529,648 en el segundo trimestre de 2023)
- Ingresos netos de $1,141,470 en el segundo trimestre de 2024 (comparado con una pérdida neta de $434,676 en el segundo trimestre de 2023)
- Dividendos trimestrales de $0.0125 por acción declarados y pagados
La empresa también anunció la contratación de Renmark Financial Communications Inc. para mejorar las actividades de relaciones con inversionistas, con una tarifa mensual de hasta CAD$8,000 por siete meses, sujeta a la aprobación de TSX-V.
Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF)는 2024년 2분기 기록적인 실적을 발표했으며, 주요 재무 지표에서 유의미한 개선이 있었습니다. 주요 내용은 다음과 같습니다:
- 스트림 이자로 얻은 금은 2024년 2분기에 365온스에 이르렀으며(2023년 2분기 268온스에서 증가)
- 2024년 2분기 총 수익은 $1,026,242에 달했으며(2023년 2분기 $529,648에서 증가)
- 2024년 2분기 순이익은 $1,141,470이며(2023년 2분기 순손실 $434,676에 비해)
- 주당 $0.0125의 분기 배당금이 선언되고 지급되었습니다.
회사는 또한 Renmark Financial Communications Inc.를 고용하여 투자자 관계 활동을 강화한다고 발표했으며, 월 최대 CAD$8,000의 수수료를 7개월 동안 지급할 예정이며, TSX-V의 승인을 받아야 합니다.
Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) a annoncé des résultats record pour le deuxième trimestre 2024, avec des améliorations significatives dans plusieurs indicateurs financiers clés. Les principaux points à retenir incluent :
- Les onces d'or gagnées grâce aux intérêts de streaming ont augmenté à 365 pour le deuxième trimestre 2024 (contre 268 pour le deuxième trimestre 2023)
- Les revenus totaux ont atteint 1 026 242 $ pour le deuxième trimestre 2024 (en hausse par rapport à 529 648 $ pour le deuxième trimestre 2023)
- Un bénéfice net de 1 141 470 $ pour le deuxième trimestre 2024 (comparé à une perte nette de 434 676 $ pour le deuxième trimestre 2023)
- Des dividendes trimestriels de 0,0125 $ par action déclarés et payés
L'entreprise a également annoncé avoir engagé Renmark Financial Communications Inc. pour améliorer ses activités de relations avec les investisseurs, avec des frais mensuels allant jusqu'à 8 000 $ CAD pendant sept mois, sous réserve de l'approbation de la TSX-V.
Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) hat rekordverdächtige Ergebnisse für das zweite Quartal 2024 gemeldet, mit signifikanten Verbesserungen in mehreren finanziellen Kennzahlen. Zu den Höhepunkten gehören:
- Die erlangten Goldunzen aus Stream-Interessen stiegen im zweiten Quartal 2024 auf 365 (von 268 im zweiten Quartal 2023)
- Die Gesamterlöse beliefen sich im zweiten Quartal 2024 auf 1.026.242 $ (von 529.648 $ im zweiten Quartal 2023)
- Der Nettogewinn betrug im zweiten Quartal 2024 1.141.470 $ (im Vergleich zu einem Nettoverlust von 434.676 $ im zweiten Quartal 2023)
- Quartalsdividenden von 0,0125 $ pro Aktie wurden erklärt und ausgezahlt
Das Unternehmen gab außerdem bekannt, dass es Renmark Financial Communications Inc. engagiert hat, um die Investor Relations-Aktivitäten zu verbessern, mit einer monatlichen Gebühr von bis zu CAD$8.000 für sieben Monate, vorbehaltlich der Genehmigung von TSX-V.
- Record Q2 2024 results with significant year-over-year improvements
- Gold ounces earned from stream interests increased by 36.2% year-over-year in Q2
- Total revenues grew by 93.8% year-over-year in Q2 2024
- Net income of $1,141,470 in Q2 2024, compared to a net loss in Q2 2023
- Continued quarterly dividend payments of $0.0125 per share
- Engagement of Renmark Financial Communications to expand investor relations activities
- Increased expenses related to new investor relations agreement with Renmark Financial Communications
Tortola, British Virgin Islands--(Newsfile Corp. - August 21, 2024) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce its operating and financial results for the second quarter ended June 30, 2024 ("Q2 2024"). All amounts are in U.S. dollars unless otherwise indicated.
Q2 2024 Highlights:
- Gold ounces earned from stream interests of 365 and 456 for the three and six months ended June 30, 2024 (268 and 628 for the three and six months ended June 30, 2023);
- Royalty revenue earned of
$167,844 and$329,831 for the three and six months ended June 30, 2024 ($nil for the three and six months ended June 30, 2023); - Total revenues of
$1,026,242 and$1,384,197 for the three and six months ended June 30, 2024 ($529,648 and$1,206,126 for the three and six months ended June 30, 2023); - Gross profit of
$565,681 and$813,768 for the three and six months ended June 30, 2024 ($292,348 and$658,528 for the three and six months ended June 30, 2023); - Net income of
$1,141,470 and$1,289,505 for the three and six months ended June 30, 2024 (net loss of$434,676 and$1,044,232 for the three and six months ended June 30, 2023); - Repurchased for cancellation an aggregate of 983,400 common shares of the Company under the current normal course issuer bid for the six months ended June 30, 2024 (322,200 for the six months ended June 30, 2023); and
- Declared quarterly dividends of
$0.01 25 per common share on March 22, 2024 and May 28, 2024, which were paid on April 15, 2024 and July 15, 2024, respectively.
Summary of Quarterly Results:
| Three months ended June 30, 2024 | Three months ended June 30, 2023 | Six months ended June 31, 2024 | Six months ended June 31, 2023 | ||||||||||
| Condensed interim consolidated statements of comprehensive income (loss) | $ | $ | |||||||||||
| Revenues | 1,026,242 | 529,648 | 1,384,197 | 1,206,126 | |||||||||
| Gross profit | 565,681 | 292,348 | 813,768 | 658,528 | |||||||||
| Net income (loss) | 1,141,470 | (434,676 | ) | 1,289,505 | (1,044,232 | ) | |||||||
| Basic loss per share | 0.02 | (0.01 | ) | 0.02 | (0.01 | ) | |||||||
| Diluted loss per share | 0.02 | (0.01 | ) | 0.02 | (0.01 | ) |
For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three and six months ended June 30, 2024 and 2023 and associated Management Discussion and Analysis for the three and six months ended June 30, 2024, available on SEDAR+ (www.sedarplus.ca) or on the Company's website (www.sailfishroyalty.com).
Subsequent to Q2 2024 Highlights:
- On July 19, 2024, the Company announced that the TSX-V had accepted a notice filed by the Company of its intention to make a normal course issuer bid to be transacted through the facilities of the TSXV. The notice provides that the Company may, during the 12-month period commencing July 22, 2024 and ending July 21, 2025, purchase up to 3,539,756 common shares of the Company in total, being approximately
5% of the total number of shares outstanding as at July 16, 2024.
- Subsequent to June 30, 2024, the Company received 15,010 ounces of silver pertaining to its Silver Receivable.
- Subsequent to June 30, 2024, the Company cancelled 214,100 common shares.
- Subsequent to June 30, 2024, the Company purchased 266,400 common shares on-market under the Company's normal course issuer bid.
Renmark Financial Communications Inc.
The Company is pleased to announce that it has retained the services of Renmark Financial Communications Inc. ("Renmark") to expand its investor relations activities.
"We are pleased to announce that we have added Renmark to reinforce the Company's message with the investment community and enhance the visibility of our company as the Spring Valley Gold Project approaches final permits. We chose Renmark because of its track record of reaching institutional investors and family offices." - Paolo Lostritto, Chief Executive Officer.
In consideration of the services to be provided, the monthly fees incurred by the Company will be a cash consideration of up to CAD
Renmark does not have any interest, directly or indirectly, in Sailfish or its securities, or any right or intent to acquire such an interest. This agreement is subject to the approval of the TSX-V.
About Renmark Financial Communications Inc.
Founded in 1999, Renmark is a privately held full-service investor relations firm, located in Atlanta, New York, Toronto and Montreal. For the past 25 years, Renmark has provided services in investor relations, media relations and web development representing small, medium and large cap public companies listed on all major North American exchanges. On a daily basis our team of professionals enhance our client's visibility within the retail market space as corporate communicators. With the largest roadshow footprint in North America, and a state-of-the-art media studio, we host a multitude of live streaming Virtual Non-Deal Roadshows across North America and Europe.
About Sailfish
Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are three main assets in the Americas: a gold stream equivalent to a
Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under the symbol "SROYF". Please visit the Company's website at www.sailfishroyalty.com for additional information.
For further information: Paolo Lostritto, CEO, tel. 416-602-2645 or Bryan McKenzie, CFO, tel. 604-443-3834, or
Renmark Financial Communications Inc.
Ben Ozerkevich: bozerkevich@renmarkfinancial.com
Tel.: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220623
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