Welcome to our dedicated page for Sailfish Royalty news (Ticker: SROYF), a resource for investors and traders seeking the latest updates and insights on Sailfish Royalty stock.
Sailfish Royalty Corp. (SROYF) news covers the activities of a precious metals royalty and streaming company with NSR and stream interests on gold and silver projects in the Americas. The company’s updates frequently highlight developments at its key assets, including San Albino in Nicaragua, the Spring Valley gold project in Nevada, the Gavilanes Silver Project in Mexico, and new transactions such as the Mt. Hamilton gold‑silver stream and royalty in Nevada.
Investors following SROYF news can expect regular coverage of quarterly financial and operating results, where Sailfish reports royalty revenue, total revenues, gross profit, net income or loss, and gold and silver ounces earned from stream interests. These releases also describe share repurchases under normal course issuer bids, dividend declarations, and subsequent events such as additional share buybacks or receipt of metal deliveries.
Company news also includes transaction and portfolio updates, such as the acquisition of a five‑year gold stream and subsequent 2% NSR on the permitted Mt. Hamilton Gold‑Silver Project, the conversion of the Gavilanes property into a 2% NSR, and the exercise of an option to purchase remaining silver production from Mako Mining Corp.’s San Albino mine. Regulatory and permitting milestones at Spring Valley, including the issuance of a Final Environmental Impact Statement and approval for construction and operation of an open‑pit mine and heap leach facility, are another recurring theme.
Corporate actions, including normal course issuer bids, changes in OTC market tier, engagement of research providers, and the appointment of strategic advisors to review potential alternatives, are also disclosed through news releases. For a consolidated view of these developments, this news page aggregates Sailfish Royalty Corp. headlines so readers can review dividend announcements, royalty acquisitions, permitting progress and financial updates in one place.
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.
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