Sailfish Royalty Corp. (TSX-V: FISH) (OTCQX: SROYF) is pleased to announce its operating and financial results for the third quarter ended September 30, 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:
Declaration of Dividend:
Sailfish is also pleased to announce a quarterly dividend of $0.0125 per common share will be payable on January 17, 2022, to Sailfish shareholders of record as of the close of business on December 31, 2021.
Summary of Quarterly Results:
|Three months ended September 30, 2021||Three months ended September 30, 2020||Nine months ended September 30, 2021||Nine months ended September 30, 2020|
|Condensed interim consolidated statements of comprehensive income (loss)||$||$||$||$|
|Net income (loss)||3,058,058||(2,228,615)||3,755,809||(3,693,112)|
|Net income (loss) per share (basic)||0.04||(0.04)||0.05||(0.06)|
|Net income (loss) per share (diluted)||0.04||(0.04)||0.05||(0.06)|
For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three and nine months ended September 30, 2021 and 2020 and associated Management Discussion and Analysis for the three and nine months ended September 30, 2021, available on SEDAR (www.sedar.com) or on the Company’s website (www.sailfishroyalty.com).
Subsequent to Q3 2021 Highlights:
Sailfish is a precious metals royalty and streaming company. Within Sailfish’s portfolio are two 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; and an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County, Nevada.
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We acknowledge the [financial] support of the Government of Canada.