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Stakeholder Gold Corp. (TSXV:SRC) announces Q1 earnings

Mining
TSXV:SRC
01 June 2021 11:30 (EDT)

Stakeholder Gold Corporation (SRC) has achieved profitability for the first time in Q1 of 2021.

The company reported sales of C$506,342 and gross margin of $352,282 for the first quarter.

Stakeholder Gold Corp. is a junior resource company focused on producing exotic Blue Quartzite at its wholly-owned Blue Quartzite quarry in Minas Gerais, Brazil.

Stakeholder Gold Corp. also has 100% ownership 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 claim group includes an area extending over 10 km of the road construction route for the Northern Gateway Road which is being built to service the White Gold District. The Ballarat claim group also includes title to 10 claims located within the nearby Coffee Project which is being developed by Newmont Corp. south of the Yukon River.

Stakeholder Gold Corp. (SRC) is down 3 per cent, trading at C$0.65 per share at 11:25 am ET.

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