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.
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.
Sailfish Royalty Corp. announced updates regarding its 3% net smelter return royalty on the San Albino gold mine and 2% NSR on the Las Conchitas area in Nicaragua. Mako Mining Corp. initiated a US$17.2 million drilling campaign covering 110,080 meters. CEO Cesar Gonzalez noted that this drilling program aims to enhance cash flow and mine planning at San Albino, with results expected soon. Additionally, the company focuses on completing a maiden resource estimate at Las Conchitas within 2022, signifying potential growth opportunities.
Sailfish Royalty Corp. (SROYF) announced a quarterly dividend of US$0.0125 per common share, payable on April 15, 2022. Shareholders of record as of March 31, 2022 will receive this payment. The company also disclosed that it has repurchased and canceled 1,948,700 common shares since July 13, 2021 as part of its Normal Course Issuer Bid, indicating a commitment to enhancing shareholder value. Sailfish operates primarily in the Americas, focusing on precious metals royalties, with significant assets in Nicaragua and Nevada.