Rapid Growth Expected to Continue
Silver Crown Royalties (Cboe SCRI / Frankfurt QS0) Presents Figures for the Fourth Quarter and Full Year 2024. The Royalty Company Impresses with Strong Revenue Growth.
As CEO Peter Bures reports, Silver Crown generated revenue of $234,702 in the last three months of the past year, based on minimum quarterly payments equivalent to 5,500 silver ounces under its royalty agreements. In the previous quarter, the company had recorded revenue of $164,425, based on minimum payments for 4,245 ounces of silver. In the fourth quarter of 2023, revenue had stood at only $52,976 (1,827 ounces of silver).
Four Consecutive Quarters of Revenue Growth
According to CEO Bures, Silver Crown has thus achieved revenue growth for the fourth consecutive quarter based on the number of ounces due to the company from its various royalty agreements. As Mr. Bures further explains, revenue for the full year 2024 has now reached $581,337. This represents an increase of 366% compared to $124,772 in 2023 and, in our view, shows that the company is on the right track.
Moreover, as Mr. Bures continues, given the early payment of the PPX/Igor 4 royalty for the first quarter of 2025, another record in silver payments and revenue is expected.
