Silver Crown Royalties (Cboe: SCRI, OTCQX: SLCRF, FRA: QS0) has presented its financial figures for the third quarter of 2025, providing further insight into the development of the young silver royalty company. According to Silver Crown Royalties, the company generated revenues of approximately CAD 251,000 based on 4,651 attributable silver ounces in the period to September 30, 2025.
This puts the company above the level of the prior-year quarter in terms of both revenue and silver ounce volume, even though the values declined slightly compared to the previous quarter. Despite this short-term decline, management believes the company is well-positioned within its strategy and points to an expanded pipeline of potential new royalties.
Silver Crown Royalties with Growth Compared to the Previous Year
In the third quarter of 2025, Silver Crown Royalties recorded revenue of CAD 251,212, based on 4,651 silver ounces. In comparison, the third quarter of 2024 saw 4,095 ounces and CAD 164,425. This demonstrates a significant year-on-year increase in both the silver volume generated and the revenue reported.
Compared to the immediately preceding second quarter of 2025, the picture was mixed. At that time, Silver Crown Royalties had reported 5,593 silver ounces and CAD 267,350 in revenue. The company therefore speaks of a slight decline in output-based key figures in a quarterly comparison, but at the same time refers to the robust growth in the annual comparison, which was supported, among other things, by higher silver prices.
According to CEO Peter Bures, the latest figures reflect “strong year-over-year growth.” In addition to the increased silver price, the operating performance in the underlying mine projects also contributed to this. From the management’s perspective, the temporary decline compared to the second quarter does not change the fact that Silver Crown Royalties is continuing to pursue its strategy and wants to align its portfolio towards sustainable sources of income.
Pipeline of Silver Royalties to Strengthen Silver Crown Royalties’ Portfolio
A central element in Silver Crown Royalties’ strategy is the expansion of its own royalty base. According to its own information, the company currently holds five silver royalties on various projects. These royalties give Silver Crown the right to a fixed share of the silver production or the revenues from the corresponding mining projects, without the company itself acting as operator.
Management emphasizes that the pipeline of possible new agreements is well-filled. For the coming quarters and next year, Silver Crown Royalties expects additional transactions that could broaden the existing portfolio and diversify revenue streams. From the perspective of the company management, this should help to make the earnings base less dependent on individual projects or short-term fluctuations in production.
At the same time, Silver Crown Royalties points out that the current environment in the silver market – characterized by volatile prices and growing interest in precious metals – could offer opportunities for new royalty agreements. Operators of mining projects are often dependent on flexible financing instruments; royalty models are increasingly being used in this context as a way of raising capital without taking on additional conventional debt or diluting the equity base significantly.
Silver Crown Royalties’ Business Model: Exposure to Silver with Limited Cost Risk
Silver Crown Royalties sees itself as a specialized silver royalty company with a focus on free cash flow. In contrast to classic mining companies, the company is not itself responsible for the exploration, construction and operation of mines. Instead, Silver Crown provides capital or acquires royalty rights and, in return, receives a share of the subsequent production or revenue of the respective projects.
From the company’s perspective, this business model offers several advantages. Firstly, Silver Crown Royalties gains direct access to the silver market and participates in the development of the silver price without being fully exposed to the operational risks of mine operation. If precious metal prices rise, this can increase revenues from royalties, while the influence of rising production costs in the mines tends to remain limited.
Secondly, the company points out that royalty structures can offer investors a certain hedge against currency devaluation, as revenues are usually linked to hard currencies and commodity prices. At the same time, the model is intended to keep the economic burden on the mining projects relatively low, as royalty payments typically only become due when production begins and therefore do not burden the initial investment budgets.
In this context, Silver Crown Royalties emphasizes that the company strives, on the one hand, not to disproportionately impair the economic viability of the underlying mining projects and, on the other hand, to allow its own shareholder base to participate in the success of the projects via growing cash flows. However, the company does not provide any concrete forecasts for future results or distributions in the current quarterly report.
Outlook: Silver Crown Royalties Focuses on Continuity in the Silver Market
For the coming quarters, management sees the company positioned in a changing silver market, which is characterized by both price fluctuations and structural supply and demand factors. Silver Crown Royalties intends to use this framework to further expand its royalty pipeline and consolidate existing sources of income. How strongly this will be reflected in the key figures depends on the production development in the underlying mines, the speed of new royalty agreements and, last but not least, the further development of the silver price.
