Toronto, Ontario–(Newsfile Corp. – May 4, 2022) – Stakeholder Gold Corporation (TSXV: SRC) (“Stakeholder“or the”Company“) is pleased to report gross profit for 2021 of CAD $2,482,770. Production and sales increased steadily throughout the first year of operation. The company reported revenues of CAD 3,076,474. CAD and an average gross margin of 81% of the Company’s wholly-owned subsidiary, Victoria Mining Corporation (“VMC”) in Minas Gerais, Brazil.
“We have successfully commissioned our first quarry and have recently received operating permits for 2 additional quarries. These new permits will allow us to expand this profitable business activity. expect to be able to continue to report increased production and profitability throughout 2022,” said Christopher Berlet, CEO of Stakeholder.
“Our stone buyers have shown recurring interest due to the high adoption of the products in the US and European markets. We have obtained permits for 2 additional quarries and expect to be able to continue to increase production and sales of our Brazilian exotic stone materials,” said Marcus Chase, President of VCM.
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About the stakeholder
Stakeholder Gold Corp. is a junior 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 holds 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 extending over 10km from the construction alignment of the Northern Gateway Road 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:
Stakeholder Gold Corporation
Telephone: (416) 525 – 6869
cberlet@stakeholdergold.com
Forward-looking information
This press release contains forward-looking information. All information, other than information of historical fact, constitutes “forward-looking statements” and includes any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may 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 speaks only as of the date on which it is made. Factors that could cause actual results to differ materially from those set forth in such forward-looking information include, but are not limited to, the Company’s ability to fund exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect results. Other risks may be described in the Company’s annual financial statements, MD&A and other publicly filed documents.
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. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Company undertakes no obligation to publicly release any revisions to the 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.
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