Sailfish Reports Q3 2021 Results and Declares Q4 2021 Dividend
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:
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:
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. 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.
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.
Cautionary statement regarding forward–looking information
Certain disclosures in this release constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur, including, without limitation, statements regarding the expectation that the Proposed Transaction will complete on the terms as anticipated by management and the expectation that the Company will pay quarterly dividends in line with the Company's annual dividend policy. In making the forward-looking statements in this news release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Proposed Transaction will complete on the terms as anticipated by management and that the Company will pay quarterly dividends in line with the Company's annual dividend policy. However, the forward-looking statements in this news release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including without limitation that the Proposed Transaction will not complete on the terms as anticipated by management or at all and that the Company will not pay quarterly dividends in line with the Company's annual dividend policy or at all. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
SOURCE Sailfish Royalty Corp.
Company Codes: OTC-QX:SROYF, TorontoVE:FISH
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