Business
Silver Crown Royalties Announces Seventh Consecutive Quarter of Revenue Growth Averaging 300% Year on Year
All figures are stated in Canadian dollars unless otherwise noted. TORONTO, ON – TheNewswire - March 26, 2025 – Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX:
About this update from Silver Crown Royalties Inc
[{"type":"text","content":"All figures are stated in Canadian dollars unless otherwise noted. TORONTO, ON – TheNewswire - March 26, 2025 – Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) (“Silver Crown”, “SCRi”, the “Corporation”, or the “Company”) is pleased to announce the release of its financial results for the year ended December 31, 2024. The Company has filed its audited consolidated financial statements, management’s discussion & analysis and annual information form for the year ended December 31, 2024 on SEDAR+ (www.sedarplus.ca) and will be uploading these filings to its website today. In the fourth quarter of fiscal 2024, SCRi recorded revenue of $234,702 based on the minimum aggregate quarterly payments of the cash equivalent (“Minimum Payments”) of 5,500 silver ounces under its royalties compared to the previous quarter’s revenue of $164,425 that was based on Minimum Payments of 4,245 silver ounces. SCRi revenue for the fourth quarter of fiscal 2023 was $52,976 based on Minimum Payments of 1,837 silver ounces. Silver Ounce and Revenue Growth Profile Source: SEDAR+, company filings Summary of Quarterly Results Three months ended December 31, 2024 Three months ended September 30, 2024 Three months ended December 31, 2023 Attributable Silver Ounces 5,5001 4,245 1,837 % change (Q/Q and Y/Y) 30% 199% Revenue $234,702 $164,425 $52,976 % change (Q/Q and Y/Y) 43% 343% 1Note: The Minimum Payment due for the fourth quarter of fiscal 2024 on the Company’s royalty on the PGDM Complex owned by a subsidiary Pilar Gold Inc. remains overdue and outstanding. Peter Bures, Silver Crown’s Chief Executive Officer, commented, “I’m happy to announce that Q4 of 2024 marks our seventh consecutive quarter of growth in revenue that is based on underlying silver ounces earned under various royalty agreements. This milestone reflects our ability to execute our strategy as well as the drive and dedication of our team. Looking back, our full-year 2024 revenue has climbed to $581,337 from $124,772 in 2023, a 366% increase - a significant achievement for our team and shareholders. We note that with the early payment of the PPX/Igor 4 royalty, Q1 2025 is expected to be another record silver payment and revenue quarter.” ABOUT SILVER CROWN ROYALTIES INC. Founded by industry veterans, Silver Crown Royalties (Cboe: SCRI | OTCQX: SLCRF | BF: QS0)...