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Silver Crown Confirms Receipt of Royalty Payments and Provides Update
TORONTO, ONTARIO - March 21, 2025 (NEWMEDIAWIRE) - Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) ("Silver Crown", "SCRi", the "Corporation", or the "Company") is pleased to announce the receipt of payments on its producing royalties...
About this update from Silver Crown Royalties Inc
[{"type":"text","content":"TORONTO, ONTARIO - March 21, 2025 (NEWMEDIAWIRE) - Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) ("Silver Crown", "SCRi", the "Corporation", or the "Company") is pleased to announce the receipt of payments on its producing royalties. PPX Mining Corp. ("PPX") has paid the royalty due to SCRi for the period ending March 31, 2025 in full in the amount of US$40,672.70 several weeks before it was due. Additionally, Elk Gold Mining Corp. ("Elk Gold"), a wholly owned subsidiary of Gold Mountain Mining Corp. ("GMTN"), has paid the first C$29,811.99 of its royalty payment due for the quarter ended December 31, 2024. Pursuant to a letter agreement dated February 5, 2025, SCRi agreed to delay Elk Gold's payment of the residual $30,070.25 royalty payment due to SCRi for the quarter ended December 31, 2024 until March 31, 2025. SCRi anticipates that Elk Gold will pay this residual amount owing on or before March 31, 2025.","length":1014,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"The Newswire","className":"","disableSlideshowImg":false,"size":{"original":{"width":59,"height":100,"url":"https://media.zenfs.com/en/newsmediawire_165/337d6164ebdefdcc15f0cc8a855470a0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/OBTd.cDHnGlWdg8Wqi3PDw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTExMDtoPTE4NjtjZj13ZWJw/https://media.zenfs.com/en/newsmediawire_165/337d6164ebdefdcc15f0cc8a855470a0","width":59,"height":100}}},{"type":"text","content":"On Monday, March 17, 2025, GMTN announced financial and operating results for the fourth quarter ended January 31, 2025. Highlights from the three months ended January 31st, 2025 include gold sales of 291 oz from 10,055 tonnes delivered grading at an average of 1.23 g/t. Low production results realized during the period were directly attributable to the planned winter work program, which substantially reduced operations throughout the quarter. As a result, production from the Elk Gold Project is consistent with the reduced activity level. The combination of lower stripping volumes and anticipated lower gold production in Q4 2025 resulted in reduced unit costs compared to Q4 2024.","length":688,"tagName":"p"},{"type":"text","content":"Historically, the silver to gold ratio at the Elk Gold...