Sailfish Reports Record Annual Results

May 23, 2023

Sailfish Royalty Corp announce its operating and financial results for the year and fourth quarter ended December 31, 2022 (Q4 2022).  Paolo Lostritto, Chief Executive Officer of Sailfish states that, “Sailfish had a fantastic year highlighted by the sale of 1,476 ounces of gold from the gold stream equivalent to a 3% NSR on the San Albino gold mine that declared commercial production in July 2021.

We are also thrilled to report that during 2022, we declared and paid four quarterly dividends of $0.0125 per common share and rank among the highest dividend payers (ranked by yield) in the precious metals royalty sector. In addition, we are in the process of securing a silver stream that we expect to support the Company’s plan to continue paying the quarterly dividend for at least the next two years.”

According to the key takeaways from the 2022 report are, 1: Gold ounces earned of 1,476 for the year ended December 31, 2022; 2: Revenues of $2,646,301 for the year ended December 31, 2022; 3: Gross profit of $1,383,654 for the year ended December 31, 2022; 4: Net loss of $1,205,499 for the year ended December 31, 2022.

The Company expects to use the receivable due from Marlin Gold Mining USA Ltd. of $1,898,834 to partially fund the purchase price of the Silver Stream.

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