Silver Crown Royalties Inc. has recently announced the receipt of royalty payments from two of its mining partners, PPX Mining Corp. and Elk Gold Mining Corp., a subsidiary of Gold Mountain Mining Corp. This development underscores the company's solid financial standing and its ability to generate consistent revenue streams in the precious metals sector. PPX Mining Corp. fulfilled its royalty obligation of US$40,672.70 ahead of schedule, while Elk Gold Mining Corp. made a partial payment of C$29,811.99 for the quarter ended December 31, 2024, with the remaining C$30,070.25 expected by March 31, 2025.
The financial report from Gold Mountain Mining Corp. indicated a production of 291 ounces of gold from 10,055 tonnes of ore at an average grade of 1.23 g/t during the fourth quarter. This production level was lower than usual due to a planned winter work program that reduced operational activities. Despite this, the historical silver to gold ratio of 2:1 at the Elk Gold mine suggests an approximate silver production of 573 ounces for the quarter. Silver Crown's royalty agreement guarantees a minimum quarterly payment equivalent to 1,500 ounces of silver, significantly higher than the current output, ensuring a stable revenue stream for the company.
Peter Bures, CEO of Silver Crown Royalties Inc., highlighted the company's dedication to supporting its mining partners and the success of its minimum delivery provision in reducing operational risks. The royalty model not only offers investors exposure to precious metals but also serves as a hedge against currency devaluation. With a strategy focused on acquiring multiple silver royalties, Silver Crown is well-positioned to navigate the uncertainties of the mining industry while pursuing growth opportunities. For more information on Silver Crown Royalties Inc., visit https://www.silvercrownroyalties.com.
