Saturday, September 13, 2025

Latest

Sailfish To Transfer 2.75% NSR On Tocantinzinho Gold Project To Osisko Gold For US$10 Million

Sailfish Royalty Corp. (TSXV: FISH) announced today that it has signed an agreement with Osisko Gold Royalties Ltd. (TSX: OR) to transfer its remaining 2.75% net smelter return royalty on Tocantinzinho Gold Project to the latter. The royalty transfer is reported to be for consideration of US$10.0 million.

The company relayed that the transaction will be paid in cash and the net proceeds are expected “to continue funding the aggressive return of capital to shareholders and provide flexibility to deploy capital opportunistically in other transactions.”

The Tocantinzinho Gold Project is located in the Tapajos district of northern Brazil. Sailfish previously transferred a 0.75% NSR on the project to Metalla Royalty & Streaming Ltd. (TSXV: MTA) for US$9.0 million.

Should the transaction push through, Sailfish’s portfolio will be left with a 3% NSR on the San Albino gold mine in Nicaragua, 2% NSR on the rest of the area surrounding San Albino, and up to 3% NSR on the Spring Valley gold project in Nevada.

The transaction is expected to close on August 22, 2021, subject to customary closing conditions and third-party consent.

Sailfish Royalty last traded at $1.25 on the TSX Venture.


Information for this briefing was found via Sedar and Sailfish Royalty. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Is Canuc Resources At The Core Of A New IOCG Mining Camp?

It appears that it is more than just Canuc Resources (TSXV: CDA) that is on...

Sunday, October 18, 2020, 09:00:00 AM

Sailfish Royalty Saw Revenue Plunges, Net Income Crater In Q2 2025

Sailfish Royalty (TSXV: FISH) posted in Q2 2025 a 31% drop in revenue to $713,178...

Sunday, August 24, 2025, 07:50:00 AM

Osisko Gold: Haywood Upgrades Price Target From $19.75 to $22.25

Osisko Gold Royalties (TSX: OR) (NYSE: OR) provided an update on their deliveries received this...

Friday, July 10, 2020, 03:36:35 PM

Osisko Development To Acquire Operating Gold Mine

Osisko Development Corp (TSXV: ODV) is well on its way to becoming a gold producer...

Tuesday, January 25, 2022, 08:39:55 AM

Sailfish Royalty Reports Q3 Revenues Of US$0.6 Million, Positive Net Income

Sailfish Royalty Corp (TSXV: FISH) this morning released its financial results for the third quarter...

Thursday, November 18, 2021, 08:12:08 AM