SAILFISH UNVEILS DIVIDEND POLICY AND DECLARES INAUGURAL QUARTERLY DIVIDEND
Sailfish Royalty's (TSX-V: FISH, OTCQX: SROYF) board of directors have adopted a dividend policy for the company, under which the company intends to pay quarterly dividends of 1.25 U.S. cents per common share. The first quarterly dividend of 1.25 U.S. cents per common share will be payable on Oct. 15, 2021, to Sailfish shareholders of record as of the close of business on Sept. 30, 2021. The dividend policy will be reviewed on an annual basis.
Cesar Gonzalez, chief executive officer of Sailfish, stated: "Sailfish has always been focused on returning capital to shareholders. Since July, 2019, the company has repurchased approximately 7.6 million shares as part of three consecutive normal course issuer bids. Following the recent monetization of the NSR [net smelter return royalty] on Tocantinzinho and the declaration of commercial production at San Albino, where the company has a gold stream equivalent to a 3-per-cent NSR, Sailfish is proud to be declaring an inaugural quarterly dividend. At today's prices, the dividend represents an approximately 5-per-cent yield on an annual basis, which is well above industry standards and consistent with the company's focus of returning capital to shareholders."
About Sailfish Royalty Corp.
Sailfish is a precious metal royalty and streaming company. Within Sailfish's portfolio are two main assets in the Americas: a gold stream equivalent to a 3-per-cent NSR royalty on the San Albino gold mine (approximately 3.5 square kilometres) and a 2-per-cent NSR royalty on the rest of the area (approximately 134.5 square kilometres) surrounding San Albino in northern Nicaragua; and an up-to-3-per-cent NSR royalty on the multimillion ounce Spring Valley gold project in Pershing county, Nevada.