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Tortola, British Virgin Islands--(Newsfile Corp. - November 13, 2024) - 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, 2024 ("Q3 2024"). All amounts are in U.S. dollars unless otherwise indicated.
Q3 2024 Highlights:
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Gold ounces earned from stream interests of 215 and 671 for the three and nine months ended September 30, 2024 (207 and 835 for the three and nine months ended September 30, 2023);
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Royalty revenue earned of $211,942 and $541,773 for the three and nine months ended September 30, 2024 ($14,661 for both the three and nine months ended September 30, 2023);
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Total revenues of $730,024 and $2,114,221 for the three and nine months ended September 30, 2024 ($413,978 and $1,620,104 for the three and nine months ended September 30, 2023);
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Gross profit of $454,040 and $1,267,809 for the three and nine months ended September 30, 2024 ($232,745 and $891,273 for the three and nine months ended September 30, 2023);
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Net loss of $137,648 and net income of $1,151,857 for the three and nine months ended September 30, 2024 (net loss of $267,312 and $1,310,820 for the three and nine months ended September 30, 2023);
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Repurchased for cancellation an aggregate of 1,586,900 common shares of the Company under the current normal course issuer bid for the nine months ended September 30, 2024 (780,700 for the nine months ended September 30, 2023); and
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Declared quarterly dividends of $0.0125 per common share on March 22, 2024, May 28, 2024 and September 12, 2024 which were paid on April 15, 2024, July 15, 2024 and October 15, 2024, respectively.
Summary of Quarterly Results:
| Three months | Three months | Nine months | Nine months | ||
| Condensed interim consolidated | $ | $ | $ | $ | |
| Revenues | 730,024 | 413,978 | 2,114,221 | 1,620,104 | |
| Gross profit | 454,040 | 232,745 | 1,267,809 | 891,273 | |
| Net income (loss) | (137,648) | (267,312) | 1,151,857 | (1,310,820) | |
| Basic loss per share | (0.00) | (0.00) | 0.02 | (0.02) | |
| Diluted loss per share | (0.00) | (0.00) | 0.02 | (0.02) | |
For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three and nine months ended September 30, 2024 and 2023 and associated Management Discussion and Analysis for the three and nine months ended September 30, 2024, available on SEDAR+ (www.sedarplus.ca) or on the Company's website (www.sailfishroyalty.com).