Stakeholder Gold announces third quarter results


29 novembere, 2021

Stakeholder Gold Corporation (“Participant” or the “Company”) (TSX-V: SRC) is pleased to announce that the third quarter of 2021 was another quarter with growing profitability. The company reported third quarter sales of C $ 917,120 and third quarter gross margin of C $ 728,076. Net profit margin for Q3 calculated at 79%.

For the nine months ended September 30, the Company reported revenues of C $ 2,257,902 with a gross margin of C $ 1,769,993 and an overall profit margin of 78%.

“We have secured 3 additional quarry sites in Minas Gerais for exotic stone mining and expect to be able to report increased production and profitability throughout 2022,” said Christopher Berlet, president and CEO of Stakeholder.

“We have established important relationships with stone buyers and are looking for equipment to support the development of our new quarries. The company is in a position to benefit from a thriving market for Brazilian exotic stone, ”said Marcus Chase, President of VMC.

Figure 1. Minas Gerais VMC blue quartzite quarry

Exotic Blue Quartzite Quarry November 2021

About the stakeholder

Stakeholder Gold Corp. is a small resource company that develops cash flow from the production and sale of exotic blue quartzite at its wholly owned blue quartzite quarry in Minas Gerais, Brazil.

Stakeholder Gold Corp. also owns 100% of the Ballarat Gold Project, which owns 7,442 hectares of claims located in the heart of the White Gold District of the Yukon Territory, Canada. The Company’s Ballarat project group of claims includes an area spanning 10 km of the Northern Gateway Road construction route, which is being constructed to serve the White Gold District. The Ballarat group of claims also includes title to 10 claims located in the nearby Coffee project which is being developed by Newmont Corp. south of the Yukon River.

For more information, please contact:

Gold stakeholder company

Telephone: (416) 525 – 6869

[email protected]

Forward-looking information

This press release contains forward-looking information. All information, other than information on historical facts, constitute “forward-looking statements” and include any information that deals with activities, events or developments that the Company believes, expects or anticipates will occur. or could occur in the future, including the Company’s strategy, plans or future financial or operational performance.

When used in this press release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of the future, are intended to identify forward-looking information. Forward-looking information is based on current expectations and only applies as of the date on which it was made. Factors that could cause actual results to differ materially from those indicated in this forward-looking information include, without limitation, the Company’s ability to finance the exploration expenses required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect results. Other risks may be described in the annual financial statements, management report and other public documents of the Company.

The Company cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Therefore, investors should not place undue reliance on forward-looking information. Except as required by law, the Company assumes no obligation to publicly publish any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer

Stakeholder Gold Corp. published this content on November 29, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 29, 2021 02:30:06 PM UTC.


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