Join Adelaide Capital for a webinar featuring Sailfish Royalty!

Sailfish Royalty (TSXV: FISH; OTCQB: SROYF) is a precious metals royalty and streaming company with a strong balance sheet, growing gold-linked cash flow and a shareholder capital return strategy. Importantly, the Company announced a gold-linked quarterly dividend equivalent, on an annual basis, to the value of one ounce of gold for every 18,000 Sailfish shares held. The Board has also approved a one-time US$1.00-per-share special dividend. The Company’s most recent news is the announcement of a non-binding LOI with Mako Mining (TSXV: MKO; NASDAQ: MAKO) of a new 20-year gold purchase agreement. If completed, Sailfish would initially receive 650 ounces of gold per month, increasing over time to 1,000 ounces per month, while paying 25% of the prevailing gold price for each ounce delivered. In exchange for this new stream, Sailfish would issue 70 million shares to Mako at US$5.76 per share, resulting in Mako owning ~48.5% of Sailfish post-closing. Sailfish would receive the contracted gold ounces for 20 years and retain exposure to the remaining 75% of the gold price. In return, Mako would become Sailfish’s top shareholder. The proposed transaction is also designed to translate the increased gold exposure directly into shareholder returns. Upon closing, Sailfish anticipates replacing its current dividend structure with a gold-linked quarterly dividend equivalent, on an annual basis, to the value of one ounce of gold for every 18,000 Sailfish shares held. The Board has also approved a one-time US$1.00-per-share special dividend. This latest news builds on a series of announcements earlier this year, aimed at strengthening Sailfish’s asset base and optimizing its exposure to royalty cash flow. In April 2026, Sailfish closed the US$168 million sale of the Spring Valley and Moonlight royalties in April 2026 (gold assets in Nevada). Following the transaction, Sailfish repaid a US$40 million short-term loan and emerged with a substantial net cash position, with the flexibility to pursue new precious-metals streams and royalties.