Sailfish Royalty Corp announces its operating and financial results for the first quarter ended March 31, 2025- Q1 2025. according to the report’s highlights of 1Q 2025:
1: Gold ounces earned from stream interests of 18 for the quarter.
2: Royalty revenue earned of $535,923 for the three months ended March 31, 2025 ($161,987 for e the quarter & total revenues of $587,220 for the three months ended March 31, 2025 ($357,955 for the three months ended March 31, 2024).
4: Gross profit of $562,488, Net loss of $75,718 for 1Q.
5: On April 29, 2025, the Company announced that it has successfully exercised its option to purchase all remaining silver production from Mako Mining Corp.’s San Albino mine and from concessions owned by Mako at March 1, 2023. Consideration paid to Mako for the exercise of the option was $1 million.
6: On May 13, 2025, the Company announced that, in accordance with the terms of the Convertible Debentures, the Company exercised its option to convert the outstanding Convertible Debentures into common shares in the capital of the Company by issuing 4,134,013 common shares to holders of the Convertible Debentures.
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