Silver Crown Royalties Inc. has released its audited financial results for the year ended December 31, 2025, reporting record revenues of $1,233,408, more than double the previous year's figure of $581,337. The revenue growth was based on minimum aggregate quarterly payments equivalent to 22,281 silver ounces under its royalty agreements, up from 14,525 ounces in 2024. The company's performance was bolstered by a dramatic improvement in the macroeconomic outlook for silver, with prices currently trading above US$70 per ounce, representing an increase of over 100% during the fiscal year.
Despite the revenue milestone, Silver Crown reported a total loss of $4,309,043 for 2025, compared to losses of $3,593,343 in 2024 and $1,483,543 in 2023. The company has filed its complete audited consolidated financial statements, management's discussion and analysis, and annual information form on SEDAR+ and will upload these documents to its corporate website at silvercrownroyalties.com.
Chief Executive Officer Peter Bures characterized 2025 as a formative year for the company, noting strategic acquisitions that position Silver Crown for aggressive revenue growth in 2026. "We structured and acquired multiple royalties positioning us for aggressive revenue growth in 2026," Bures stated. "With over C$7 million in cash and silver bullion on our balance sheet, we can add additional royalties without further dilution. Our pipeline remains robust and we continue to advance a number of royalty opportunities."
The company completed several significant transactions during the fiscal year, including the acquisition of a 15% royalty on silver produced from PPX Mining Corp.'s Igor 4 Project in Peru for US$2,740,000. This royalty generated $276,637 in payments during 2025, with minimum payment obligations of 14,062.50 ounces per quarter commencing March 31, 2026. Silver Crown anticipates exponentially higher royalty payments from this asset moving forward.
Additional portfolio developments include the acquisition of a silver royalty on EDM Resources Inc.'s Scotia Mine in Nova Scotia, providing 90% of net proceeds from silver sales with minimum deliveries of 1,750 ounces quarterly once commercial production begins. EDM continues to advance financing and permitting work toward a formal production restart. The company also holds a 90% royalty on silver from the PGDM Complex in Brazil, though production restart encountered temporary setbacks during 2025, leading to an allowance for expected credit loss of $530,409.
Two other assets in Silver Crown's portfolio faced challenges during the reporting period. Mining operations at the Elk Gold mine were halted due to financial difficulties under the previous operator, resulting in a non-cash impairment of $940,446 on the associated royalty. The company anticipates a temporary pause of cash inflows for approximately three years as new ownership optimizes operations. Similarly, the BacTech bioleaching facility in Ecuador has not made significant progress toward financing and development milestones, prompting management to create an impairment loss provision equal to the carrying value of this royalty interest.
The company's business model offers investors exposure to precious metals while providing a natural hedge against currency devaluation and mitigating production-related cost inflation. With five silver royalties in its portfolio and a strong cash position, Silver Crown appears positioned to capitalize on favorable silver market conditions while navigating operational challenges across its diverse asset base. The significant revenue growth despite overall losses highlights both the potential of the royalty model and the execution risks inherent in mining-dependent investments.
