Silver Crown Royalties Inc. (Cboe:SCRI, OTCQX:SLCRF, BF:QS0) reported record quarterly revenue of $665,854 for the three months ended March 31, 2026, representing a 119% increase compared to $304,408 in the same period last year. The company released its unaudited interim condensed consolidated financial statements and management's discussion & analysis on SEDAR+ and its website.
The first quarter was transformative for the company, which also closed two strategic private placements, including a significant investment from prominent mining investor Michael Gentile. Gentile was appointed as Strategic Advisor to strengthen the company's royalty sourcing capabilities and capital markets expertise.
While the company reported a total loss of $654,071 for the quarter, this compares favorably to a loss of $2,913,156 in the previous quarter ended December 31, 2025. The improved loss reflects the record revenue and disciplined cost management.
Peter Bures, SCRi's Chief Executive Officer, commented, "We currently have over C$15 million in cash and silver bullion in treasury, with an additional C$20 million of in-the-money warrants. We expect to generate positive cash flow from operations this quarter as our royalty partners' production profile improves and minimum delivery ounce payment obligations begin at PPX Mining's Igor 4 Project."
The company holds five silver royalties and aims to provide investors with exposure to precious metals while mitigating production cost inflation. The business model focuses on generating free cash flow and minimizing economic burden on mining projects.
For complete details, refer to the unaudited interim consolidated financial statements and MD&A available on SEDAR+ or the company's website at silvercrownroyalties.com.