Silver Crown Exercises Option to Upsize Pilar Royalty to 90% of Silver Produced at PGDM Complex
mediastack
2024-08-13 15:00
Silver Crown Exercises Option to Upsize Pilar Royalty to 90% of Silver Produced at PGDM Complex
Silver Crown Royalties Inc. (“Silver Crown”, “SCRi” or the “Corporation”, or the “Company”) is pleased announced it has exercised its additional royalty option (the “Option”) under its amended and restated royalty agreement dated April 26, 2024 with Pilar Gold Inc. (“Pilar”) and its Brazilian subsidiary (the “Vendor”) to increase its royalty to 90% of the aggregate net proceeds of silver sold as a result of the processing of ores from the PGDM complex and related milling operations (“PGDM”) in Goias State, Brazil. To exercise the Option, SCRi paid Pilar US$1,310,...

https://investingnews.com/silver-crown-exercises-option-to-upsize-pilar-royalty-to-90-of-silver-produced-at-pgdm-complex/

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