On May 13, 2026 in Toronto, ON, Silver Crown Royalties Inc. (Cboe: SCRI | OTCQX: SLCRF | BF: QS0) announced that it has filed its unaudited interim condensed consolidated financial statements and accompanying management’s discussion & analysis (MD&A) for the quarter ended March 31, 2026 on SEDAR+ and on the company website. All figures in this release are presented in Canadian dollars. The company emphasized that the quarter represents a material operational and financial step as it consolidates recent financing and operational developments.
Silver Crown recorded a record quarterly revenue of $665,854 for the three months ended March 31, 2026, a 119% year-over-year increase versus $304,408 in Q1 2026. Attributable silver deliveries for the quarter were 5,798 ounces, compared with 6,703 ounces in Q1 2026 and 6,684 ounces in Q4 2026; management notes that an additional 783 ounces were received under royalty agreements but were recognized in a different reporting period due to timing. The company also disclosed that the minimum payment due on its royalty over the PGDM Complex (a subsidiary of Pilar Gold Inc.) for the quarter remains overdue and outstanding.
Table of Contents:
Financial performance and outlook
Beyond the headline revenue, Silver Crown reported an improved total loss of $654,071 for the quarter ended March 31, 2026, down from a loss of $2,913,156 in the quarter ended December 31, 2026, but higher than the $353,235 loss recorded in Q1 2026. The company highlighted liquidity metrics including more than C$15 million in combined cash and silver bullion held in treasury and roughly C$20 million of in-the-money warrants. Management projects that Silver Crown should begin to realize positive cash flow from operations in the current quarter as partner production improves and as minimum delivery ounce payments commence at PPX Mining’s Igor 4 Project.
Corporate strategy and capital actions
During early 2026 Silver Crown completed two strategic private placements to enhance its growth runway and royalty sourcing capability. A notable outcome of those financings was the participation of mining investor Michael Gentile, who has also been appointed as a Strategic Advisor to the company. In this advisory role Mr. Gentile will support efforts to identify and structure new royalty opportunities and contribute capital markets insight to the board and management team. These steps are positioned to expand the firm’s pipeline of accretive royalties while preserving flexibility for future acquisitions or partner support.
Portfolio and business model
Silver Crown currently holds five silver royalties, a concentrated portfolio designed to generate free cash flow for shareholders while limiting operational exposure. The company presents its model as a natural hedge against currency devaluation and as a buffer versus inflationary pressures on mining costs, because royalties typically avoid direct operating capital and labor expense volatility. The stated goal is to minimize the economic burden on producing projects while enhancing returns for investors through disciplined royalty structuring and partner alignment.
Risks, cautionary notes and where to read more
This release contains forward-looking information and statements about expectations for cash flow generation, royalty receipts and the timing of minimum payments. These statements are subject to numerous risks, including lack of control over mining operations, changes in commodity prices, foreign exchange and interest rate volatility, regulatory and environmental developments, delays in production, title or permitting issues, labour disputes, and other contingencies that could cause actual results to differ materially. Silver Crown advises readers to review the complete MD&A and consolidated financial statements available on SEDAR+ (sedarplus.ca) and at silvercrownroyalties.com. For inquiries contact Peter Bures, Chairman and CEO, at (416) 481-1744 or pbures@silvercrownroyalties.com. Cboe Canada does not accept responsibility for the adequacy or accuracy of this news release.