Osler and Hernández & Cía. advises Silver Crown on Peruvian mining concession
Hernández & Cía. and OSLER assisted in advising Silver Crown Royalties Inc. on the structuring and acquisition of a royalty on the Igor 4 mining concession, part of the Igor Mining Project in Peru. The project, owned by Sienna Minerals, a subsidiary of PPX Mining, involves a transaction granting Silver Crown up to 15% of the cash equivalent of silver production from the concession.
This agreement represents a significant step for Silver Crown in expanding its portfolio of revenue-generating assets. Under the agreement, Silver Crown has already paid $1 million in the first tranche, securing a 6% royalty on silver production.
The second tranche, scheduled six months from closing, will involve a $1.47 million payment, increasing the royalty to 15%. Additionally, minimum quarterly payments equivalent to 14,062.5 ounces of silver will begin on October 1, 2025, until a cumulative total of 225,000 ounces is reached.
Hernández & Cía was the advisor for Silver Crown Royalties with partners Juan Luis Hernández (pictured left), Miyanou Dufour (pictured center), and Rodrigo Flores (pictured right) leading the transaction. Consultant Lorena Tanji and senior associates Alan Pasco.
OSLER acted as the Canadian advisor of Silver Crown Royalties with partner Patrick Sullivan. Rodrigo, Elías & Medrano worked as advisor for PPX Mining with partner Luis Carlos Rodrigo and associate Tomas Denegri. Cassels’ partner Jacob Cawker was the Canadian advisor for PPX Mining.
