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Sailfish Royalty ( (TSE:FISH) ) just unveiled an update.
Sailfish Royalty Corp. announced that the United States Bureau of Land Management has approved the Spring Valley Gold Mine Project in Nevada, operated by Solidus Resources, LLC. This approval marks a significant milestone for Sailfish, as the project is expected to generate substantial cash flow due to its up to 3% net smelter return royalty on the mine. The project will employ a workforce of 130 during construction and 250 during operations, with a total project life of 21 years. The approval allows for immediate construction, with gold production anticipated in two to three years, and the project is expected to produce more gold than initially estimated due to optimization for current gold prices.
The most recent analyst rating on (TSE:FISH) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Sailfish Royalty stock, see the TSE:FISH Stock Forecast page.
Spark’s Take on TSE:FISH Stock
According to Spark, TipRanks’ AI Analyst, TSE:FISH is a Outperform.
Sailfish Royalty’s stock score is driven by positive corporate events and a strong technical setup, indicating future growth potential. However, the high P/E ratio poses a valuation risk. Financial performance shows recovery but requires improvement in cash flow metrics.
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% net smelter return (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.
Average Trading Volume: 30,318
Technical Sentiment Signal: Buy
Current Market Cap: C$187M
Find detailed analytics on FISH stock on TipRanks’ Stock Analysis page.