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Silver Crown Royalties Reports 7th Consecutive Quarter of Revenue Growth Averaging 300% YoY
ByAinvest
Wednesday, Mar 26, 2025 3:12 am ET1min read
Silver Crown Royalties (SCRI) reported Q4 2024 revenue of $234,702, a 43% increase from Q3 2024 and a 343% increase YoY. This marks the seventh consecutive quarter of revenue growth, averaging 300% YoY. The company's full-year 2024 revenue increased by 366% to $581,337.
Silver Crown Royalties (SCRI) reported a remarkable 43% increase in quarter-over-quarter (QoQ) revenue for Q4 2024, reaching CAD 234,702 [1]. This figure marks a significant leap from the previous quarter's revenue of CAD 164,425 and a staggering 343% year-over-year (YoY) increase from the revenue recorded in Q4 2023 [1].This impressive growth trend is not a one-time occurrence. Silver Crown has reported seven consecutive quarters of revenue growth, with an average year-over-year increase of 300% [1]. The company's full-year 2024 revenue reached an impressive CAD 581,337, marking a 366% increase from the revenue reported in 2023 [1].
The growth in revenue can be attributed to the increase in attributable silver ounces earned under various royalty agreements. In Q4 2024, Silver Crown earned 5,500 attributable silver ounces, compared to 4,245 in Q3 2024 and 1,837 in Q4 2023 [1].
Peter Bures, Silver Crown's Chief Executive Officer, expressed his satisfaction with the company's performance, stating, "I'm happy to announce that Q4 of 2024 marks our seventh consecutive quarter of growth in revenue that is based on underlying silver ounces earned under various royalty agreements. This milestone reflects our ability to execute our strategy as well as the drive and dedication of our team" [1].
Looking ahead, Silver Crown is expected to experience another record-breaking quarter in Q1 2025, with the early payment of the PPX/Igor 4 royalty [1].
References:
[1] TheNewswire. SCRi Announces Seventh Consecutive Quarter of Revenue Growth, Averaging 300% Year-on-Year. March 26, 2025. https://www.marketscreener.com/quote/stock/SILVER-CROWN-ROYALTIES-IN-173136788/news/SCRi-Announces-Seventh-Consecutive-Quarter-of-Revenue-Growth-Averaging-300-Year-on-Year-49433550/
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