Business
Sailfish Reports Record Annual and Q4 2022 Results and Provides Proposed Silver Stream Update
Tortola, British Virgin Islands--(Newsfile Corp. - April 24, 2023) - Sailfish Royalty Corp. (TSXV...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"Sailfish Reports Record Annual and Q4 2022 Results and Provides Proposed Silver Stream UpdateTortola, British Virgin Islands--(Newsfile Corp. - April 24, 2023) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the \"Company\" or \"Sailfish\") is pleased to announce its operating and financial results for the year and fourth quarter ended December 31, 2022 (\"Q4 2022\"). All amounts are in U.S. dollars unless otherwise indicated.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.\" 2022 Highlights:Gold ounces earned of 1,476 for the year ended December 31, 2022;Revenues of $2,646,301 for the year ended December 31, 2022;Gross profit of $1,383,654 for the year ended December 31, 2022;Net loss of $1,205,499 for the year ended December 31, 2022;Repurchased for cancellation an aggregate of 1,969,200 common shares of the Company under the current normal course issuer bid for the year ended December 31, 2022; andDeclared a Q1 2022, Q2 2022, Q3 2022 and Q4 2022 quarterly dividend of $0.0125 per common share which were paid on April 15, 2022, July 15, 2022, October 14, 2022 and January 16, 2023, respectively.Summary of Annual Results:Year ended December 31, 2022Year ended December 31, 2021Consolidated statements of comprehensive income (loss)$$  Revenues 2,646,3011,475,283Gross profit1,383,654780,977Net income (loss)(1,205,499)3,268,873Net income (loss) per share (basic and diluted)(0.02)0.04 Q4 2022 Highlights:Gold ounces earned of 396 for the three months ended December 31, 2022;Revenues of $676,299 for the three months ended December 31, 2022;Gross profit of $351,762 for the three months ended December 31, 2022; andNet loss of $134,855 for the three months ended December 31, 2022.Summary of Quarterly Resul...