Business
Stakeholder Gold Corporation Announces Record Monthly Production
Toronto, Ontario--(Newsfile Corp. - April 6, 2021) - Stakeholder Gold Corporation (TSXV: SRC) ...
About this update from Stakeholder Gold Corp.
[{"type":"text","content":"Stakeholder Gold Corporation Announces Record Monthly ProductionToronto, Ontario--(Newsfile Corp. - April 6, 2021) - Stakeholder Gold Corporation (TSXV: SRC) (\"Stakeholder\" or the \"Company\") is pleased to announce a new monthly production and sales record for the month of March 2021, and prospects for increasing production and sales of Blue Quartzite in Q2, 2021. Exotic Blue Quartzite is produced and sold from the Company's wholly owned operating quarry in the State of Minas Gerais, Brazil.During the month of March 2021 VMC (a wholly owned subsidiary of Stakeholder) produced and sold 180 m3 of exotic Blue Quartzite to high-end commercial customers in Brazil and Europe. Block sales resulted in gross revenues for the month of March, 2021 of 2 Million Reais ($450,000 CAD). One buyer of the Company's exotic Blue Quartzite stone has committed to buying 100 m3 per month and the Company has restricted sales to 4 regular domestic and international customers. VMC expects to support production and sales of more than 240 m3 per month in Q2, 2021 with resulting monthly revenues exceeding 2.6 Million Reais ($600,000 CAD), or $1,800,000 CAD for the quarter.\"Market interest in the Company's exotic Blue Quartzite material has been better than first projected. We have engaged competent operators and provided production incentives which have resulted in high levels of motivation and achievement, while simultaneously supporting safe worksite practices. Strong demand for our exotic Blue Quartzite material has resulted in buying groups from Brazil and Europe requesting recurring block material orders. We now anticipate being able to achieve annual production and sales of 3,000 m3 resulting in annualized gross revenues exceeding 30 Million Reais ($6,800,000 CAD),\" stated Marcus Chase, President of VMC.\"The success of our cash flow generating exotic Blue Quartzite operation in Brazil enables us to conduct non-dilutive exploration on the Company's Ballarat Gold Project in the Yukon Territory of Canada, and to consider further value accretive initiatives for the Company.\" Stated Christopher Berlet, President & CEO of Stakeholder.About StakeholderStakeholder Gold Corp. is a junior resource company developing cash flow from the production and sale of exotic Blue Quartzite at its wholly owned Blue Quartzite quarry in Minas Gerais, Brazil. Stake...