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. reports news on its precious metals royalty and streaming business, including royalty revenue, stream deliveries, dividends, share repurchases, and portfolio transactions. The company is listed on the TSX Venture Exchange as FISH and on the OTCQB as SROYF, and its portfolio is centered on precious metals interests in the Americas.
Recurring developments include updates on the San Albino gold mine royalty and stream interests in Nicaragua, the Gavilanes Silver Project royalty in Mexico, the Mako Mining gold stream, shareholder voting matters, material agreements, and exchange-status changes such as its TSX Venture Exchange Tier 1 classification.
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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.