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In July, Saltfish's San Albino gold mine in northern Nicaragua declared commercial production.
In the fourth quarter of the year, the company saw a revenue of US$703,242, having surged from $24,493 a year earlier. That took full year revenue to $1.48 million, which was up from $94,657 in 2020.
Gold earned for the three months stood at 394 ounces.
Meanwhile, the company reported a net loss in Q4 of $486,936, which is an improvement on the $899,862 loss registered for the same period a year earlier. For the full-year, Sailfish recorded a net income of $3.27 million after a loss of $4.59 million in 2020.
"Sailfish had a fantastic year, highlighted by the receipt of 823oz of gold, primarily from the gold stream equivalent to a 3% NSR [net smelter return] on the San Albino gold mine," Gonzalez said.
"We look forward to a full year of commercial production at San Albino, as well as further details on the anticipated ramp up in milling capacity expected in 2023," he added.
He also noted that Sailfish had declared and paid three quarterly dividends of $0.0125 per common share and "rank[s] among the highest dividend payers [by yield] in the precious metals royalty sector".
Along with the San Albino gold stream, Sailfish has up to 3% NSR on the Spring Valley gold project in Pershing County, Nevada.
Sailfish's share price was quoted as C$1.45 (US$1.16) on the Toronto Stock Exchange on April 20, which was down 1% day-on-day. The company had a market capitalisation of C$104.96 million.
