Sailfish Reports Q1 2024 Results

Sailfish Reports Q1 2024 Results

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce its operating and financial results for the first quarter ended March 31, 2024 ("Q1 2024"). All amounts are in U.S. dollars unless otherwise indicated.

Q1 2024 Highlights:

  • Gold ounces earned from stream interests of 91 for the three months ended March 31, 2024 (360 for the three months ended March 31, 2023);
  • Royalty revenue earned of $161,987 for the three months ended March 31, 2024 ($nil for the three months ended March 31, 2023);
  • Total revenues of $357,955 for the three months ended March 31, 2024 ($676,478 for the three months ended March 31, 2023);
  • Gross profit of $248,088 for the three months ended March 31, 2024 ($366,181 for the three months ended March 31, 2023);
  • Net income of $148,034 for the three months ended March 31, 2024 (net loss of $609,557 for the three months ended March 31, 2023);
  • Repurchased for cancellation an aggregate of 516,100 common shares of the Company under the current normal course issuer bid for the three months ended March 31, 2024 (93,600 for the three months ended March 31, 2023); and
  • Declared a quarterly dividend of $0.0125 per common share which was paid on April 15, 2024.

Summary of Q1 2024 Results:



Three months
ended March 31,
2024


Three months
ended March 31,
2023

Condensed interim consolidated statements of income (loss) and comprehensive income (loss)
$

$
       
Revenues
357,955

676,478
Gross profit
248,088

366,181
Net income (loss)
148,034

(609,557)
Basic earnings (loss) per share
0.00

(0.01)
Diluted earnings (loss) per share
0.00

(0.00)

 

For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three months ended March 31, 2024 and 2023 and associated Management Discussion and Analysis for the three months ended March 31, 2024, available on SEDAR+ (www.sedarplus.ca) or on the Company's website (www.sailfishroyalty.com).

Subsequent to Q1 2024 Highlights:

  • Subsequent to March 31, 2024, Sailfish received 13,500 ounces of silver pertaining to its Silver Receivable.
  • Subsequent to March 31, 2024, Sailfish cancelled 348,700 common shares.
  • Subsequent to March 31, 2024, Sailfish purchased 321,200 common shares on-market under the Company's normal course issuer bid.

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 3% NSR on the San Albino gold mine (~3.5 sq. km) and a 2% NSR on the rest of the area (~134.5 sq. km) surrounding San Albino in northern Nicaragua; an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County, Nevada; and a 100% interest in the Gavilanes Silver Project located in Durango State, Mexico.

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.

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/210275

News Provided by Newsfile via QuoteMedia

FISH:CA
The Conversation (0)
Sailfish Royalty Declares Q2 2024 Dividend

Sailfish Royalty Declares Q2 2024 Dividend

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce that its Board of Directors has declared the Company's second quarterly cash dividend for 2024 in the amount of US$0.0125 per common share that will be payable on July 15, 2024 to Sailfish shareholders of record as of the close of business on June 30, 2024.

The declaration, timing, amount, and payment of future dividends will be subject to the discretion and approval of the Board of Directors. The Company will review the dividend policy on an ongoing basis and may amend it at any time depending on the Company's then current financial position, capital allocation framework, profitability, cash flow, legal requirements and other factors considered relevant. As such, no assurances can be made that any future dividends will be declared and/or paid. Dividend payments may be subject to withholding taxes.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Sailfish Reports Annual and Q4 2023 Results

Sailfish Reports Annual and Q4 2023 Results

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce its operating and financial results for the year and fourth quarter ended December 31, 2023 ("Q4 2023"). All amounts are in U.S. dollars unless otherwise indicated.

2023 Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Equity Metals

Equity Metals

Keep reading...Show less
Two people shaking hands in office with city skyline view.

Zijin Mining to Acquire Major Kazakh Gold Mine for US$1.2 Billion

China’s Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899), the country’s largest producer of gold and copper, has agreed to acquire Kazakhstan’s Raygorodok gold mine for US$1.2 billion.

The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the company’s ambition of becoming one of the world’s top three gold producers by 2028.

Raygorodok is reportedly among the largest and most technologically advanced gold projects in Central Asia. It produced 6 metric tons of gold in 2024 at a production cost of US$796 per ounce, excluding non-cash items.

Keep reading...Show less
Map of Ontario, Canada, with "Top 5 Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Onyx Gold Shines with 118 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released April’s gross domestic product (GDP) numbers on Friday (June 27).

The data shows a slowing in the Canadian economy with a 0.1 percent monthly decline after it increased 0.2 percent in March as businesses attempted to get ahead of US tariff deadlines.

Keep reading...Show less

Latest Press Releases

Related News

×