Mr.
Peter Bures reports
SCRI ANNOUNCES SEVENTH CONSECUTIVE QUARTER OF
REVENUE GROWTH AVERAGING 300% YEAR ON YEAR
Silver Crown Royalties Inc. has released its financial results for the year ended Dec. 31, 2024. The company has filed its audited consolidated financial statements, management's discussion and analysis, and annual information form for the year ended Dec. 31, 2024, on SEDAR+, and will be uploading these filings to its website today.
In the fourth quarter of fiscal 2024, Silver Crown recorded revenue of $234,702 based on the minimum aggregate quarterly payments of the cash equivalent of 5,500 silver ounces under its royalties compared with the previous quarter's revenue of $164,425 that was based on minimum payments of 4,245 silver ounces. Silver Crown's revenue for the fourth quarter of fiscal 2023 was $52,976 based on minimum payments of 1,837 silver ounces.
SUMMARY OF QUARTERLY RESULTS
Three months ended Three months ended Three months ended
Dec. 31, 2024 Sept. 30, 2024 Dec. 31, 2023
Attributable silver ounces 5,500 (1) 4,245 1,837
% change (quarter over quarter and year over year) 30% 199%
Revenue $234,702 $164,425 $52,976
% change (quarter over quarter and year over year) 43% 343%
(1) 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-per-cent 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 is a publicly
traded silver royalty company. Silver Crown currently has four silver royalties, of which three are
revenue generating. Its business model presents investors with precious metals exposure that allows for a natural
hedge against currency devaluation while minimizing the negative impact of cost inflation associated with
production. Silver Crown endeavours to minimize the economic impact on mining projects while maximizing returns for
shareholders.
We seek Safe Harbor.
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