- Sailfish Royalty (FISH) completes silver purchase option for US$1 million from San Albino mine.
- Spring Valley Mine Project's construction projected to start in Q3 2025 after receiving necessary approvals.
- Sale of 1% NSR on Silicon-Merlin for US$248 million benchmarks Sailfish's 3% NSR on Spring Valley.
Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) has successfully exercised its option to acquire all remaining silver production from Mako Mining Corp’s San Albino mine, having paid US$1 million for this transaction. The acquisition includes all silver output from the mine and associated concessions as of March 1, 2023.
In a significant update on the Spring Valley Mine Project, the Bureau of Land Management (BLM) has outlined crucial timeline targets. The Final Environmental Impact Statement is slated for release by July 11, 2025, with a Record of Decision expected by August 11, 2025. This paves the way for project construction to potentially begin in Q3 of 2025.
The recent benchmark transaction of US$248 million for a 1% Net-Smelter-Royalty (NSR) on the Silicon-Merlin project offers valuable context for Sailfish's holdings. The company holds a 3% NSR on the Spring Valley mine project and a 2% NSR on the neighboring Moonlight project, potentially increasing shareholder value.
The classification of gold as a critical mineral by a White House Executive order on March 20, 2025, further bolsters the strategic positioning of Sailfish's assets in the precious metals sector.
