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Silver Crown Royalties Closes Final Tranche Of Silver Royalty On PPX Mining's Igor 4 Project
OracleOracle(US:ORCL) Thenewswireยท2025-10-16 17:00

Core Points - Silver Crown Royalties Inc. has completed the final tranche of its silver royalty agreement with PPX Mining Corp., increasing its royalty to 15% of the cash equivalent of silver produced from the Igor Project in Peru [1][2] - The final payment made by Silver Crown to PPX was US$637,000, which will result in an additional 58,500 ounces of silver, bringing the total to 225,000 ounces under the royalty agreement [2] - The CEO of Silver Crown stated that the company is positioned to achieve positive free cash flow by 2026 without needing to access capital markets for working capital, focusing on raising capital only for new royalties [3] Company Overview - Silver Crown Royalties Inc. is a publicly traded silver royalty company that aims to generate free cash flow and currently holds five silver royalties [3] - The company's business model provides investors with exposure to precious metals, acting as a hedge against currency devaluation and mitigating production-related cost inflation [3] - PPX Mining Corp. is a Canadian-based mining company with a flagship gold and silver project, Igor, located in northern Peru, focusing on disciplined growth and long-term value creation [4]