Sailfish Royalty ( (TSE:FISH) ) has issued an update.
Sailfish Royalty Corp. has exercised its option to purchase all remaining silver production from Mako Mining Corp’s San Albino mine for $1 million, enhancing its silver exposure. Additionally, the Bureau of Land Management is expected to release a Final Environmental Impact Statement for the Spring Valley Mine Project by July 2025, with a Record of Decision anticipated by August 2025, potentially allowing construction to begin in the third quarter. These developments are expected to positively impact Sailfish’s operations and shareholder value.
Spark’s Take on TSE:FISH Stock
According to Spark, TipRanks’ AI Analyst, TSE:FISH is a Neutral.
Sailfish Royalty’s overall score is impacted by mixed financial results, with strong profitability and balance sheet stability being offset by revenue inconsistency and cash flow issues. While technical indicators show moderate upward momentum, the high P/E ratio suggests a pricey valuation. Recent corporate events are positively received, aligning management interests with company performance.
To see Spark’s full report on TSE:FISH stock, click here.
More about Sailfish Royalty
Sailfish Royalty Corp. is a precious metals royalty and streaming company with a portfolio that includes a gold stream equivalent to a 3% NSR on the San Albino gold mine in Nicaragua, an up to 3% NSR on the Spring Valley gold project in Nevada, and a 100% interest in the Gavilanes Silver Project in Mexico. The company is listed on the TSX Venture Exchange and OTCQX.
YTD Price Performance: 40.10%
Average Trading Volume: 28,643
Technical Sentiment Signal: Sell
Current Market Cap: $95.37M
See more data about FISH stock on TipRanks’ Stock Analysis page.