Saturday, August 23, 2025

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

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Osisko Gold Royalties Sees Attributable Production Fall To 19,014 Ounces In Q1

Osisko Gold Royalties (TSX: OR) has seen its attributable gold equivalent ounce production decline to...

Wednesday, April 9, 2025, 09:23:53 AM

SPAC Osisko Green Eyes US$250 Million IPO

Special purpose acquisition company Osisko Green Acquisition Ltd. announced Tuesday that it has filed a...

Wednesday, July 14, 2021, 07:38:53 AM

Metalla Royalty Acquires Royalty At IAMGOLD Cote Gold Project

Metalla Royalty & Streaming (TSXV: MTA) this morning announced that it has acquired another net...

Thursday, June 17, 2021, 07:33:39 AM

Mako Mining Records US$2.3 Million Net Loss, US$4.8 Million In Pre-Production Revenue For Q2 2021

Mako Mining Corp. (TSXV: MKO) announced its financial results for the quarter ending June 30,...

Monday, August 30, 2021, 10:49:00 AM

Osisko Gold Royalties To Raise US$250.2 Million Under Bought Deal

Osisko Gold Royalties (TSX: OR) is looking to raise big dollars. The company after the...

Friday, March 18, 2022, 08:59:01 AM