Business
Sailfish Reports Q3 2023 Results
Tortola, British Virgin Islands--(Newsfile Corp. - November 24, 2023) - Sailfish Royalty Corp. (T...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"Sailfish Reports Q3 2023 ResultsTortola, British Virgin Islands--(Newsfile Corp. - November 24, 2023) - 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, 2023 (\"Q3 2023\"). All amounts are in U.S. dollars unless otherwise indicated.Q3 2023 Highlights:Gold ounces earned of 207 and 835 for the three and nine months ended September 30, 2023 (347 and 1,081 for the three and nine months ended September 30, 2022);Revenues of $$413,978 and $1,620,104 for the three and nine months ended September 30, 2023 ($600,578 and $1,970,002 for the three and nine months ended September 30, 2022);Gross profit of $232,745 and $891,273 for the three and nine months ended September 30, 2023 ($318,876 and $1,031,892 for the three and nine months ended September 30, 2022);Net loss of $267,312 and $1,310,820 for the three and nine months ended September 30, 2023 (net loss of $388,265 and $1,070,644 for the three and nine months ended September 30, 2022);Repurchased for cancellation an aggregate of 780,700 common shares of the Company under the current normal course issuer bid for the nine months ended September 30, 2023; andDeclared quarterly dividends of $0.0125 per common share on March 14, 2023, June 13, 2023, and September 11, 2023 which were paid on April 17, 2023 and July 17, 2023, and October 16, 2023 respectively. Summary of Quarterly Results:Three months ended September 30, 2023Three months ended September 30, 2022Nine months ended September 31, 2023Nine months ended September 31, 2022Condensed interim consolidated statements of comprehensive loss $$         Revenues 413,978600,5781,620,1041,970,002Gross profit232,745318,876891,2731,031,892Net loss(267,312)(388,265)(1,310,820)(1,070,644)Basic loss per share(0.00)(0.01)(0.02)(0.01)Diluted loss per share(0.00)(0.01)(0.02)(0.01) For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three and nine months ended September 30, 2023 and 2022 and associated Management Discussion and Analysis for the three and nine months ended September 30, 2023, available on sedarplus (www.sedarplus.ca) or on the Company's website (www.sailfishroyalty.com). Subsequent to Q3 2023 ...