Silver Crown Royalties Completes Final Payment for 15% Silver Royalty on Peruvian Mining Project
TL;DR
Silver Crown secured a 15% royalty on PPX's silver production, positioning the company for positive cash flow by 2026 without needing capital market access.
Silver Crown paid $637,000 to increase their Igor Project royalty by 3.9%, bringing the total to 15% covering 225,000 ounces of silver.
This royalty agreement supports responsible mining development in Peru while creating sustainable revenue streams that benefit shareholders and local communities.
Silver Crown now holds rights to 225,000 silver ounces from Peru's Igor Project, having already received 2,247 ounces from the productive mine.
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Silver Crown Royalties Inc. has completed the final payment of its silver royalty agreement with PPX Mining Corp., securing a 15% stake in silver production from the Igor 4 project in Peru. The company paid US$637,000 to PPX Mining to finalize the royalty arrangement, which now covers 225,000 ounces of silver in total.
The completion of this final tranche increases Silver Crown's royalty by 3.9% to reach the full 15% entitlement of the cash equivalent of silver produced at the Peruvian mining operation. According to the royalty agreement dated December 13, 2024 and amended on July 31, 2025, the total payable silver ounces under the royalty increased by an additional 58,500 ounces with this final payment. PPX Mining has already delivered 2,247 ounces of silver to Silver Crown from this arrangement.
This transaction represents a significant milestone for Silver Crown's financial strategy. Peter Bures, Silver Crown's Chief Executive Officer, stated that the PPX silver royalty combined with recently closed financing positions the company to reach positive free cash flow in 2026 without requiring additional capital market access for working capital. The company now anticipates only raising capital for specific new royalty acquisitions in the foreseeable future, marking a shift toward self-sustaining operations.
The Igor project is located in Peru's prolific Northern Peru gold belt in the eastern La Libertad Department, representing a strategic asset in a region known for precious metal production. The royalty agreement provides Silver Crown with exposure to silver production without the operational risks associated with mining, while PPX Mining maintains full ownership and operational control of the project. This business model allows Silver Crown to benefit from precious metal production while mitigating the effects of production cost inflation that typically affect mining operations directly.
The completion of this royalty agreement comes at a time when investors are increasingly seeking exposure to precious metals as hedges against currency devaluation and economic uncertainty. Silver Crown's royalty portfolio now includes five silver royalties, with the PPX agreement representing a substantial component of their asset base. The company's approach of minimizing economic burden on mining projects while maximizing shareholder returns aligns with current market trends favoring streamlined investment structures in the mining sector.
For additional information about Silver Crown Royalties, investors can visit https://www.silvercrownroyalties.com. Details about PPX Mining Corp. and the Igor project are available at https://www.ppxmining.com. The original announcement can be viewed at https://www.newmediawire.com.
Curated from NewMediaWire
