Business
Sailfish Reports Record Q2 2024 Results and Engages Renmark Financial Communications Inc.
Tortola, British Virgin Islands--(Newsfile Corp. - August 21, 2024) - Sailfish Royalty Corp. (TSX...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"Sailfish Reports Record Q2 2024 Results and Engages Renmark Financial Communications Inc.Tortola, British Virgin Islands--(Newsfile Corp. - August 21, 2024) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the \"Company\" or \"Sailfish\") is pleased to announce its operating and financial results for the second quarter ended June 30, 2024 (\"Q2 2024\"). All amounts are in U.S. dollars unless otherwise indicated.Q2 2024 Highlights:Gold ounces earned from stream interests of 365 and 456 for the three and six months ended June 30, 2024 (268 and 628 for the three and six months ended June 30, 2023);Royalty revenue earned of $167,844 and $329,831 for the three and six months ended June 30, 2024 ($nil for the three and six months ended June 30, 2023);Total revenues of $1,026,242 and $1,384,197 for the three and six months ended June 30, 2024 ($529,648 and $1,206,126 for the three and six months ended June 30, 2023);Gross profit of $565,681 and $813,768 for the three and six months ended June 30, 2024 ($292,348 and $658,528 for the three and six months ended June 30, 2023);Net income of $1,141,470 and $1,289,505 for the three and six months ended June 30, 2024 (net loss of $434,676 and $1,044,232 for the three and six months ended June 30, 2023);Repurchased for cancellation an aggregate of 983,400 common shares of the Company under the current normal course issuer bid for the six months ended June 30, 2024 (322,200 for the six months ended June 30, 2023); andDeclared quarterly dividends of $0.0125 per common share on March 22, 2024 and May 28, 2024, which were paid on April 15, 2024 and July 15, 2024, respectively. Summary of Quarterly Results:Three months ended June 30, 2024Three months ended June 30, 2023Six months ended June 31, 2024Six months ended June 31, 2023Condensed interim consolidated statements of comprehensive income (loss)  $ $       Revenues 1,026,242529,6481,384,1971,206,126  Gross profit565,681292,348813,768658,528  Net income (loss)1,141,470(434,676)1,289,505(1,044,232)  Basic loss per share0.02(0.01)0.02(0.01)  Diluted loss per share0.02(0.01)0.02(0.01) For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three and six months ended June 30, 2024 and 2023 and associated Management Discussion and ...