Mako Mining to take 49% stake in Sailfish Royalty via 70,000,000-share subscription at $5.76 each
Reuters2026/09/14 13:35- Mako Mining signed a non-binding LOI to sell a 240-month corporate-level gold stream to Sailfish Royalty.
- Consideration includes 70,000,000 Sailfish common shares priced at USD 5.76 each, based on a 5-day VWAP.
- Mako would own about 49% of Sailfish post-issuance, creating a minority stake intended to lower cost of capital.
- Stream deliveries start at 650 oz/month, rising to 1,000 oz/month; Sailfish would pay 25% of LBMA PM Fix per ounce.
- Closing requires definitive documentation, minority shareholder approval, TSXV clearance, fairness opinions, and an independent formal valuation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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