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Silver Crown Royalties Reports Second Quarter Financial Results
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TORONTO, ON – TheNewswire - August 15, 2025 – Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, FRA: QS0) (“Silver Crown”, “SCRi”, the “Corporation”, or the “Company”) is pleased to announce its interim financial statements and MD&A for the second quarter ended June 30, 2025 which have been filed on SEDAR+ and the Company’s website today.
In the second quarter of 2025, SCRi recorded, based on the underlying production and/or minimum guaranteed payments, as applicable, a total of 5,593 silver ounces (C$267,350) as royalty income. This compares to the previous quarter ended March 31st, 2025 of 6,703 ounces (C$304,408) and last year’s comparable quarter ended June 30th, 2024 of 2,730 ounces (C$107,785).
Peter Bures, Silver Crown’s Chief Executive Officer, commented, “Q2 of 2025 brought 13-year high silver prices, challenges, and opportunities. In this environment, we were able to continue to execute on our strategy of adding silver ounces to our portfolio at an attractive price and rates of return. Alongside Kuya, which we continue to actively move forward, we have added a number of LOIs we aim to advance in the second half of 2025 and hopefully add to our portfolio before year end."
Silver Ounce and Revenue Growth Profile
Summary of Quarterly Results
Further to the Company’s press release of August 1, 2025 announcing that Gold Mountain Mining Corp. (“Gold Mountain”) and its two subsidiaries, Bayshore Minerals Incorporated and Elk Gold Mining Corporation ("Elk Gold") have been placed under receivership proceedings, the Company has confirmed with Gold Mountain and Elk Gold that the C$140,588.53 in outstanding payments owing under its silver royalty on the Elk Gold Mine cannot be paid at this time despite the parties best good faith efforts to achieve a settlement prior to the receivership proceedings being announced. The Company will continue to work in good faith with Gold Mountain, Elk Gold, the receiver and any potential purchaser of the Elk Gold Mine to facilitate payment of this amount in a fair, prudent, cooperative but timely manner, consistent with the Company’s business practice of close partnership with each of its royalty counterparties. Additionally, further to the Company’s prior disclosure, the Company has been provided with a further update from the senior management of Pilar Gold Inc. (“Pilar”) with respect to the PGDM Complex in Brazil, which the Comp[any owns a royalty equal to 90% of the cash equivalent of the silver produced from the PGDM Comple pursuant to an amended and restated royalty agreement dated April 26, 2024 between the Company and Pilar (the “A&R Royalty Agreement”). Pilar has advised the restart of commercial operations at the PGDM Complex has been further delayed to Q4 2025. A total of C$541,756.03 in minimum accrued royalty payments are due and payable to the Company by Pilar pursuant to the terms of the A&R Royalty Agreement currently. Acknowledging the recent restructuring of Pilar’s debt, the Company continues to work facilitate payment of this amount in a fair, prudent, cooperative but timely manner, again consistent with the Company’s business practice of close partnership with each of its royalty counterparties. The Company will provide additional updates to the market on these operations as they are received in a timely manner in accordance with applicable securities laws.
ABOUT SILVER CROWN ROYALTIES INC.
Founded by seasoned industry professionals, Silver Crown Royalties (Cboe: SCRI | OTCQX: SLCRF | FRA: QS0) is a publicly traded silver royalty company dedicated to generating free cash flow. Silver Crown (SCRi) currently holds five silver royalties. Its business model offers investors exposure to precious metals, providing a natural hedge against currency devaluation while mitigating the adverse effects of production-related cost inflation. SCRi strives to minimize the economic burden on mining projects while simultaneously maximizing shareholder returns. For further information, please contact:
Silver Crown Royalties Inc.
Peter Bures, Chairman and CEO
Telephone: (416) 481-1744
Email: pbures@silvercrownroyalties.com
FORWARD-LOOKING STATEMENTS
This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, The Company will provide additional updates to the market on these operations as they are received in a timely manner in accordance with applicable securities laws. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.