Silver Crown Royalties Inc. (SCRi) has demonstrated remarkable financial performance, reporting seven consecutive quarters of revenue growth based on its silver royalty agreements. The company's fourth-quarter results reveal a substantial increase in both revenue and attributable silver ounces, signaling strong momentum in its business strategy.
The company's fourth-quarter revenue reached $234,702, representing a 43% quarter-over-quarter increase and a striking 343% year-over-year growth. This performance is underpinned by minimum aggregate quarterly payments equivalent to 5,500 silver ounces, compared to 4,245 ounces in the previous quarter and 1,837 ounces in the same quarter of the previous year.
CEO Peter Bures emphasized the significance of these results, noting that the full-year 2024 revenue climbed to $581,337 from $124,772 in 2023, a remarkable 366% increase. This growth reflects the company's strategic execution and the team's dedication to expanding its royalty portfolio.
The company's business model provides investors with precious metals exposure while offering a natural hedge against currency devaluation. By focusing on silver royalties, SCRi aims to minimize economic impact on mining projects while maximizing shareholder returns.
Despite the positive financial trajectory, the company acknowledged that the minimum payment due for the fourth quarter of fiscal 2024 on its royalty for the PGDM Complex remains outstanding. However, Bures expressed optimism about future performance, anticipating another record silver payment and revenue quarter in Q1 2025 due to the early payment of the PPX/Igor 4 royalty.
The consistent revenue growth underscores SCRi's strategic positioning in the silver royalty market and its ability to generate increasing returns for investors. With three of its four silver royalties currently generating revenue, the company appears well-positioned for continued expansion and financial success.
