SRC Commissions a Third Quarry in Brazil
Stakeholder Gold Corp (TSXV: SRC) (OTC Pink: SKHRF) has announced the startup of its third quarry in Minas Gerais, Brazil, focusing on white quartzite production. The quarry is expected to produce 250m³/month of white quartzite blocks for cutting and polishing into slabs. Environmental licenses were issued in 2023, and a commercial license application was submitted to ANM on November 6, 2024.
The company's first quarry achieved sales of approximately 130m³ of blue quartzite in October, with total sales reaching USD $200k. The breakeven rate for operating a quarry in Brazil is estimated at 30m³ per month. The company expects profitability in Q4 2024 and anticipates a strong start to 2025 with all three quarries operational.
Stakeholder Gold Corp (TSXV: SRC) (OTC Pink: SKHRF) ha annunciato l'avvio della sua terza cava a Minas Gerais, Brasile, concentrandosi sulla produzione di quarzite bianca. Si prevede che la cava produca 250m³ al mese di blocchi di quarzite bianca per il taglio e la lucidatura in lastre. Le licenze ambientali sono state rilasciate nel 2023 e una domanda di licenza commerciale è stata presentata all'ANM il 6 novembre 2024.
La prima cava della compagnia ha registrato vendite di circa 130m³ di quarzite blu a ottobre, con vendite totali che hanno raggiunto i 200.000 USD. La soglia di pareggio per gestire una cava in Brasile è stimata in 30m³ al mese. L'azienda prevede di raggiungere la redditività nel Q4 2024 e si aspetta un forte avvio nel 2025 con tutte e tre le cave operative.
Stakeholder Gold Corp (TSXV: SRC) (OTC Pink: SKHRF) ha anunciado el inicio de su terriera en Minas Gerais, Brasil, centrándose en la producción de cuarzo blanco. Se espera que la cantera produzca 250m³/mes de bloques de cuarzo blanco para el corte y pulido en losas. Las licencias ambientales fueron emitidas en 2023 y se presentó una solicitud de licencia comercial a la ANM el 6 de noviembre de 2024.
La primera cantera de la compañía logró ventas de aproximadamente 130m³ de cuarzo azul en octubre, con ventas totales alcanzando los 200.000 USD. La tasa de equilibrio para operar una cantera en Brasil se estima en 30m³ por mes. La compañía espera alcanzar la rentabilidad en el cuarto trimestre de 2024 y anticipa un fuerte comienzo en 2025 con las tres canteras operativas.
Stakeholder Gold Corp (TSXV: SRC) (OTC Pink: SKHRF)는 브라질 미나스 제라이스에 세 번째 채석장을 시작한다고 발표했습니다. 이 채석장은 백운석 생산에 집중하고 있으며 월 250m³의 백운석 블록을 절단 및 연마하여 슬래브로 가공할 것으로 예상됩니다. 환경 허가는 2023년에 발급되었으며, 상업적 면허 신청서는 2024년 11월 6일 ANM에 제출되었습니다.
회사의 첫 번째 채석장은 10월에 약 130m³의 블루 쿼츠석을 판매하여 총 200,000 USD의 판매액을 달성했습니다. 브라질에서 채석장을 운영하는 데 필요한 손익 분기점은 월 30m³로 예상됩니다. 회사는 2024년 4분기에는 수익성이 있을 것으로 예상하며 2025년에는 세 개의 채석장이 모두 가동되어 강력한 시작을 기대하고 있습니다.
Stakeholder Gold Corp (TSXV: SRC) (OTC Pink: SKHRF) a annoncé le démarrage de sa troisième carrière à Minas Gerais, au Brésil, se concentrant sur la production de quartzite blanc. La carrière devrait produire 250m³/mois de blocs de quartzite blanc destinés à être découpés et polie en dalles. Les licences environnementales ont été délivrées en 2023, et une demande de licence commerciale a été soumise à l'ANM le 6 novembre 2024.
La première carrière de l'entreprise a réalisé des ventes d'environ 130m³ de quartzite bleu en octobre, avec des ventes totales atteignant 200 000 USD. Le seuil de rentabilité pour l'exploitation d'une carrière au Brésil est estimé à 30m³ par mois. L'entreprise s'attend à être rentable au quatrième trimestre 2024 et prévoit un bon départ pour 2025 avec les trois carrières opérationnelles.
Stakeholder Gold Corp (TSXV: SRC) (OTC Pink: SKHRF) hat den Start seines dritten Steinbruchs in Minas Gerais, Brasilien, bekannt gegeben, der sich auf die Produktion von weißem Quarzit konzentriert. Der Steinbruch soll monatlich 250m³ an weißen Quarzitblöcken zur Bearbeitung und Polierung zu Platten produzieren. Die Umweltgenehmigungen wurden 2023 erteilt, und am 6. November 2024 wurde ein Antrag auf kommerzielle Lizenz bei der ANM eingereicht.
Der erste Steinbruch des Unternehmens erzielte im Oktober Verkäufe von etwa 130m³ blauem Quarzit, wobei die Gesamteinnahmen 200.000 USD erreichten. Der Break-even-Punkt für den Betrieb eines Steinbruchs in Brasilien wird auf 30m³ pro Monat geschätzt. Das Unternehmen erwartet, im 4. Quartal 2024 profitabel zu sein und rechnet mit einem starken Beginn im Jahr 2025, sobald alle drei Steinbrüche in Betrieb sind.
- October 2024 sales reached new high of USD $200k
- First quarry achieving 130m³ monthly sales, well above 30m³ breakeven point
- Third quarry expected to produce 250m³/month
- Return to profitability expected in Q4 2024
- None.
Toronto, Ontario--(Newsfile Corp. - December 4, 2024) - Stakeholder Gold Corp. (TSXV: SRC) (OTC Pink: SKHRF) ("Stakeholder" or the "Company") is pleased to announce startup of operations at the Company's third quarry in Minas Gerais, Brazil. The quarry will produce white quartzite blocks for cutting and polishing into saleable slabs. The Company plans to sell both freshly cut blocks and finished slabs to overseas clients.
"This quarry will produce a highly desirable white quartzite. Production can be ramped up quickly given the quarry's topographic relief and resource size. This quartzite is very hard and exceptionally white displaying an attractive veining," said Marcus Chase, President of Mineração VMC Ltda., Stakeholder's Brazilian subsidiary.
"Our clients have expressed considerable interest in purchasing this material, so we expect to be scaling production rapidly to meet a new demand. We anticipate starting production for this quarry at a rate of 250m3/month."
Figure 1. Quarry Locations in Minas Gerais, Brazil
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/232421_stakeholderfig1.jpg
Environmental licenses for the project were issued in 2023 and a license application for commercial production was made to the Agencia Nacional de Mineração (ANM) on the 6th of November, 2024. A full commercial license is expected to be granted within 60 business days of the application. The first test block is being produced at the quarry site now and will be cut and polished for clients to review by mid-December.
Work that is required to be completed on site before full commercial operations can begin includes: running electricity lines to the worksite, installing water tanks, installing internet and security systems, completing access road construction and undertaking work face preparation.
Figure 2. White Quartzite Material
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https://images.newsfilecorp.com/files/3082/232421_7670177bc4e2e991_008full.jpg
"Selling 30m3 of material in a month is our estimated breakeven rate for operating a quarry in Brazil. During October the first quarry sold approximately 130m3 of our blue quartzite material. Our expected return to profitability in Q4 has been accompanied by the opening of two new quarries, bringing us to a total of three operating quarries at the end of 2024. We are now anticipating a very strong start for 2025," stated Christopher Berlet, CEO of Stakeholder.
"The cashflow from our quartzite business in Brazil allows us to pursue minimally dilutive exploration initiatives on the company's premier gold and copper exploration terrain located in the Heart of the White Gold District of the Yukon Territory, Canada. This business combination was established with a view to pursuing maximum prospective share price performance for company shareholders with the successful advancement of our exploration initiatives."
Progress at VMC quarry #2
One of the 4 test blocks produced at VMC's quarry #2 was cut on the 12th of November and is now being polished for marketing purposes.
VMC sales in October of 2024 hit a new high for the year at USD
Christopher Berlet BSc (Mining), CFA, CEO & Director of Stakeholder Gold Corp. is responsible for the content of this press release.
For further information please contact:
Stakeholder Gold Corporation
416 525 - 6869
cberlet@stakeholdergold.com
Forward-Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232421
FAQ
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