Sailfish Royalty Corp V.FISH

Alternate Symbol(s): SROYF

Metals & Mining Industrial Metals & Minerals

Sailfish Royalty Corp. engages in the acquisition of precious metals royalty and streaming agreements. The company engages in the exploration of gold and silver deposits. It offers management services. Sailfish Royalty Corp. was incorporated in 2014 and is headquartered in Road Town, the British Virgin Islands.

TSXV:FISH - Post by User

Sailfish Royalty Corp

<< Previous

Bullboard Posts

Next >>

(2269)
•••

Post by Betteryear2on Nov 18, 2021 7:37am

277 Views

Post# 34139638

Q3 2021 Results

TORTOLA, British Virgin Islands, Nov. 18, 2021 /CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce its operating and financial results for the third quarter ended September 30, 2021 ("Q3 2021"). All amounts are in U.S. dollars unless otherwise indicated.

Cesar Gonzalez, Chief Executive Officer of Sailfish states that, "Sailfish had a great Q3 2021 highlighted by the receipt of 360 ounces of gold from the gold stream equivalent to a 3% NSR on the San Albino gold mine. The Company also reached an important milestone in Q3 2021 by announcing the declaration of an inaugural dividend to shareholders, which is currently yielding greater than 4%. We look forward to continue reporting on the San Albino gold mine as production ramps up and are proud to be delivering on our promise of returning capital to shareholders in the form of share repurchases and dividends."

Q3 2021 Highlights:

Gold ounces earned of 360 and 428 for the three and nine months ended September 30, 2021;
Revenues of $641,188 and $772,041 for the three and nine months ended September 30, 2021;
Gross profit of $340,012 and $408,013 for the three and nine months ended September 30, 2021;
Net income of $3,058,058 and $3,755,809 for the three and nine months ended September 30, 2021;
Repurchased for cancellation an aggregate of 1,160,000 and 3,081,422 common shares of the Company under the current normal course issuer bid for the three and nine months ended September 30, 2021;
Transferred to Osisko Gold Royalties Ltd. an up to 2.75% NSR royalty on the Tocantinzinho project for $10 million;
Declared a quarterly dividend of $0.0125 per common share which was paid on October 15, 2021; and
Entered into a loan agreement with Mako Mining Corp., providing an $8 million gold-linked term loan in exchange for 24 monthly cash payments equal to the equivalent of 205 ounces of gold multiplied by the preceding month's average gold price with a floor of $1,750 and a ceiling of $2,000.