Silver Crown Royalties Inc. (Cboe:SCRI, OTCQX:SLCRF, BF:QS0) released its audited financial results for the year ended December 31, 2025, highlighting record revenue and significant portfolio expansion. The company generated $1,233,408 in revenue, a 112% increase from $581,337 in 2024, driven by higher minimum aggregate quarterly payments from its silver royalties. The price of silver surged over 100% during the fiscal year, trading above US$70 per ounce, improving the macroeconomic outlook for the company's portfolio.
Silver Crown completed two key acquisitions in 2025. It acquired a royalty on PPX Mining Corp.'s Igor 4 Project in Peru for US$2,740,000, entitling the company to 15% of the cash equivalent of silver produced, with minimum quarterly payments of 14,062.50 ounces starting March 31, 2026. The company also purchased a silver royalty on EDM Resources Inc.'s Scotia Mine in Nova Scotia, representing 90% of net proceeds from silver sales, with minimum deliveries of 1,750 ounces per quarter for 10 years.
Despite the revenue growth, the company reported a total loss of $4,309,043 for 2025, compared to a loss of $3,593,343 in 2024. The increased loss was partly due to a non-cash impairment of $940,446 on the Gold Mountain Royalty, as mining operations at the Elk Gold mine were halted after the previous operator faced financial challenges. A new operator acquired the mine through receivership, and Silver Crown expects a temporary pause in cash inflows for approximately three years. Additionally, the company recognized an allowance for expected credit loss of $530,409 related to royalties receivable from the PGDM Complex in Brazil, where production restart faced setbacks. An impairment loss provision was also made for the BacTech Royalty in Ecuador due to lack of progress.
CEO Peter Bures commented, "2025 was a formative year for your company. We structured and acquired multiple royalties, positioning us for aggressive revenue growth in 2026. With over C$7 million in cash and silver bullion on our balance sheet, we can add additional royalties without further dilution." The company's pipeline remains robust, with several royalty opportunities under evaluation.
The company filed its audited consolidated financial statements, management's discussion & analysis, and annual information form on SEDAR+ at www.sedarplus.ca and will upload them to its website at silvercrownroyalties.com.
