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Silver Crown Royalties Acquires Two Net Smelter Royalties on Madre Sierra Project in Peru
TORONTO, ON, June 3, 2026 — Leads & Copy — Silver Crown Royalties Inc. has entered into a definitive agreement to purchase two existing 1% net smelter return royalties on Titiminas Silver Inc.'s Madre Sierra deposit in Jauja, Peru. The transaction involves an initial cash payment of US$6,000,000 at closing, with an additional US$1,000,000 payable for each royalty upon Silver Crown receiving its first payment from them, bringing the total potential consideration to US$8,000,000.
Closing of the transaction is anticipated by June 30, 2026, and is contingent upon standard conditions precedent, including the registration of the royalties on the project's title.
The Madre Sierra project is a past-producing mine with plans for small-scale production of 70-100 tonnes per day (tpd) by Q4 2026. Titiminas Silver aims to increase processing rates to 1,000-1,100 tpd within 18 to 24 months. Silver Crown expects the project to contribute approximately 60,000 silver ounces annually within two years of production commencement.
This acquisition is expected to be accretive to Silver Crown’s net asset value and per-share metrics, diversifying its asset portfolio. The project is situated in a polymetallic camp with a history of production, and Titiminas Silver controls a substantial land package.
Silver Crown is financially prepared to fund the transaction, holding over C$15 million in cash and silver bullion. Peter Bures, Silver Crown’s CEO, highlighted the acquisition as its first purchase of a pre-existing royalty, fitting the company's focus on silver. He stated, “Having visited the site in May, we believe these royalties will have a transformative effect on SCRi with the potential to add over 60,000 ounces per annum within the next two years. Silver Crown will continue to work with Titiminas Silver to further support development at the Madre Sierra project.”
Silver Crown Royalties Inc., founded by industry professionals, is a publicly traded silver royalty company focused on generating free cash flow. The company currently holds five silver royalties, offering investors exposure to precious metals as a hedge against currency devaluation and mitigating production cost inflation. Silver Crown aims to minimize the economic impact on mining projects while maximizing shareholder returns.
Source: Silver Crown Royalties Inc.