Silver Crown Royalties Inc. has successfully received royalty payments from two mining partners, demonstrating the company’s robust financial positioning and continued revenue streams in the precious metals market.
PPX Mining Corp. paid the full royalty amount of US$40,672.70 several weeks ahead of schedule, while Elk Gold Mining Corp., a subsidiary of Gold Mountain Mining Corp., partially paid its royalty obligation of C$29,811.99 for the quarter ended December 31, 2024. A delayed payment of the residual C$30,070.25 is anticipated by March 31, 2025.
Gold Mountain Mining’s recent financial report revealed modest production during the fourth quarter, with 291 ounces of gold extracted from 10,055 tonnes of ore at an average grade of 1.23 g/t. The reduced production was attributed to a planned winter work program that intentionally scaled back operations.
Historically, the Elk Gold mine has maintained a silver to gold ratio of 2:1, which would suggest approximately 573 ounces of silver production. Silver Crown’s royalty agreement ensures a minimum quarterly payment equivalent to 1,500 ounces of silver, substantially exceeding the current quarterly output.
CEO Peter Bures emphasized the company’s commitment to supporting mining partners and highlighted the effectiveness of their minimum delivery provision in mitigating operational risks. The royalty structure provides investors with precious metals exposure while creating a natural hedge against currency devaluation.
Silver Crown’s strategic approach of holding multiple revenue-generating silver royalties positions the company to maintain financial stability and potential growth in the volatile mining sector.
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