Spring Valley Gold Mine Approved for Production

Core Viewpoint - Sailfish Royalty Corp. has received approval from the United States Bureau of Land Management for the Spring Valley Gold Mine Project, marking a significant milestone for the company as it anticipates increased cash flow from this asset [1][3]. Group 1: Project Overview - The Spring Valley Gold Mine Project is located in Pershing County, Nevada, and involves the construction and operation of an open-pit gold mine, three waste rock facilities, and a heap leach facility [1]. - The project will employ approximately 130 contractor workers during the initial two years of construction and around 250 full-time employees during the operational phase [2]. - The total life of the project is projected to be 21 years, which includes two years of construction, 11 years of mining, three years of ore processing, and five years of reclamation and closure activities [2]. Group 2: Financial Implications - The expected cash flow from the Spring Valley project is anticipated to be a material improvement over the current operations of Sailfish [3]. - Sailfish holds a net smelter return royalty (NSR) of up to 3% on the Spring Valley project, which is expected to benefit from optimization efforts in response to current gold prices exceeding US$1,800 per ounce [3]. - The approved plan of operations allows for approximately 33% more throughput than what was indicated in the 2025 feasibility study, suggesting potential for increased gold production over the life of the mine [3]. Group 3: Royalty Structure - Sailfish's royalty assets on Spring Valley include: 1. Up to a 3% NSR on the majority of the proposed open pit [4]. 2. A 1.5% NSR on a portion of the proposed open pit [4]. 3. A 0.5% NSR on another portion of the proposed open pit [4]. - The total NSR structure includes a sliding scale that is not applicable to the first 500,000 ounces of gold recovered from commercial production [6]. Group 4: Company Profile - Sailfish Royalty Corp. is a precious metals royalty and streaming company with a portfolio that includes a gold stream equivalent to a 3% NSR on the San Albino gold mine in Nicaragua, a 2% NSR on surrounding areas, and a 100% interest in the Gavilanes Silver Project in Mexico [8]. - The company is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under "SROYF" [9].