Silver Crown Royalties Inc. (SCRi) has announced its financial results for the fourth quarter of fiscal 2024, marking its seventh consecutive quarter of revenue growth. The company reported a revenue of $234,702, a figure that represents a 43% increase from the previous quarter and a staggering 343% increase compared to the same period last year. This growth is attributed to minimum aggregate quarterly payments of 5,500 silver ounces, underscoring the company's robust performance in the precious metals sector.
The annual financial results further illustrate SCRi's expansion, with full-year 2024 revenue reaching $581,337, up from $124,772 in 2023. This 366% year-over-year growth is a testament to the company's strategic approach to silver royalty investments and the efficacy of its business model. CEO Peter Bures emphasized the team's commitment to achieving strategic objectives, which has been pivotal in driving consistent quarterly revenue growth. Currently, SCRi holds four silver royalties, three of which are actively contributing to its revenue stream.
SCRi's innovative business model provides investors with exposure to precious metals, offering a natural hedge against currency devaluation and mitigating the economic effects of production cost inflation. By focusing on maximizing shareholder returns and supporting mining projects, SCRi has positioned itself as a leader in the silver royalties market. Looking ahead, the company is optimistic about maintaining its growth trajectory, with expectations of setting another record in silver payment and revenue for the first quarter of 2025, fueled by the early payment of the PPX/Igor 4 royalty.
