Sailfish Closes its Previously Announced Transaction to Acquire a Gold Stream from Mako Mining
Sailfish Closes its Previously Announced
Transaction to Acquire a Gold Stream from
Mako Mining
Tortola, British Virgin Islands--(Newsfile Corp. - March 24, 2026) - Sailfish Royalty Corp. (TSXV: FISH)
(OTCQB: SROYF) (the "
Company
" or "
Sailfish
") is pleased to announce that, further to its news
releases dated September 29, 2025, November 26, 2025, February 14, 2026 and March 3, 2026, it has
completed the previously announced disposition (the "
Disposition
") of the Company's 100%
membership interest in Mt. Hamilton LLC ("
MH LLC
"), which holds the permitted Mt. Hamilton Gold-
Silver Project located in White Pine County, Nevada, USA (the "
Property
"), to Mako US Corp. ("
Mako
US
"), an affiliate of Mako Mining Corp. ("
Mako
"), in exchange for a 132-month gold stream (the
"
Stream
").
Transaction Highlights
Pursuant to the terms of the amended and restated gold purchase agreement with Mako dated February
14, 2026 (the "
Stream Agreement
"), Sailfish will receive the following consideration:
during the initial 60 months of the Stream, Sailfish will purchase from Mako approximately 341.7
troy ounces of gold per month at a price equal to 20% of the London Bullion Market Association
PM Fix price, subject to a floor of US$2,700 per ounce and a cap of US$3,700 per ounce; and
during the final 72 months of the Stream, Sailfish will purchase from Mako approximately 100 troy
ounces of gold per month at a price equal to 20% of the London Bullion Market Association PM Fix
price.
The Stream is secured against all present and after-acquired property of Mako, in addition to specific
guarantees and pledges relating to an encumbrance by Sailfish over the Property. The deemed
purchase price of the Stream is US$40 million, satisfied through the disposition of the Property to Mako
US.
Shareholder and Regulatory Approvals
The Disposition was approved by disinterested shareholders of Sailfish at the Company's annual
general and special meeting held on March 3, 2026, in accordance with the requirements of Multilateral
Instrument 61-101 -
Protection of Minority Security Holders in Special Transactions
and the policies of
the TSX Venture Exchange (the "
TSXV
"). The Disposition was also approved by Mako's shareholders
at a special meeting held on March 3, 2026.
Copies of the amended and restated purchase and sale agreement dated February 14, 2026 among
Sailfish, Mako US and Mako, the Stream Agreement and related documents are available under the
Company's SEDAR+ profile at
www.sedarplus.ca
.
About Sailfish
Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are three main
assets in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq.
km) and a 2% NSR on the rest of the area (~134.5 sq. km) surrounding San Albino in northern
Nicaragua; an up to 3% NSR on the fully permitted multi-million ounce Spring Valley gold mine project in
Pershing County, Nevada; and a 2% NSR on the Gavilanes Silver Project located in Durango State,
Mexico.
Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQB under the
symbol "SROYF". Please visit the Company's website at
www.sailfishroyalty.com
for additional
information.
For further information:
Paolo Lostritto, CEO, tel. 416-602-2645 or Akiba Leisman, Executive
Chairman, tel. 917-558-5289.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Notes Regarding Forward-Looking Statements:
This release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. All statements in this news
release, other than statements of historical facts, are forward-looking statements, including statements
regarding the benefits of the Disposition, the anticipated gold deliveries and pricing under the Stream,
and other statements regarding the future plans and expectations of the Company. Forward-looking
statements are based on certain material assumptions and analysis made by the Company and the
opinions and estimates of management as of the date of this press release, including that Mako will
perform its obligations under the Stream Agreement and that gold prices will remain within anticipated
ranges. These forward-looking statements are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such forward-looking
statements or forward-looking information. Important factors that may cause actual results to vary
include, without limitation, adverse market conditions; general economic, market or business risks;
unanticipated costs; counterparty risk (including with Mako); commodity price fluctuations; and other
factors beyond the control of the Company, including those other risks more fully described in the
Company's annual and quarterly management's discussion and analysis and other filings made by
the Company with Canadian securities regulatory authorities under the Company's profile at
www.sedarplus.ca
. Although management of the Company has attempted to identify important factors
that could cause actual results to differ materially from those contained in forward-looking statements
or forward-looking information, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements and forward-
looking information. Readers are cautioned that reliance on such information may not be appropriate
for other purposes. The Company does not undertake to update any forward-looking statement,
forward-looking information or financial outlook that are incorporated by reference herein, except in
accordance with applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/289676