Stakeholder Gold Corp. has initiated sales from its third quarry in Brazil, which specializes in white quartzite. Production ramp-up is underway, with significant market interest leading to planned sales of both blocks and polished slabs. The company is also seeing positive sales trends from its first quarry, supporting ongoing exploration activities.
Stakeholder Gold Corp. has announced the commencement of sales from its third quarry in Minas Gerais, Brazil, which specializes in producing white quartzite blocks suitable for cutting and polishing into slabs. This marks a significant addition to their operations, as both raw blocks and finished products will be marketed to international clients, addressing a current supply gap in the market for quality white quartzite.
Mineração VMC Ltda., Stakeholder’s Brazilian subsidiary, reported that production is ramping up for their new quarry, which has already attracted considerable interest from potential buyers eager to secure purchasing rights. “This new quarry is producing a highly desirable white quartzite… in a market that is undersupplied with quality whites,” stated Marcus Chase, the president of VMC.
Following an earlier licensing approval from the Agencia Nacional de Mineração (ANM) on December 16, 2024, production faced initial delays due to heavy rainfall. However, necessary infrastructure such as road access and water management facilities have since been completed, allowing the company to prepare for full operational capability, commencing sales the week of February 17.
The company targets a production goal of at least 40 cubic meters of block material and an additional 20 cubic meters destined to create approximately 8,000 square feet of polished slabs within the current month. According to CEO Marcus Chase, “We are expecting to produce… material for sale as blocks this month.”
Positive sales trends continue for Stakeholder’s first quarry, with inventory levels reported to be depleting. Expected growth in sales is projected to sustain through the first half of 2025. CEO Christopher Berlet articulated that the increased cash flow from the exotic stone business will facilitate ongoing gold and copper exploration initiatives in the Yukon Territory without significantly diluting shareholder value.
Berlet emphasized, “Expanding cashflow from our exotic stone business… allows us to pursue maximum prospective share price rerating with the successful advancement of exploration initiatives.” This strategic growth positions Stakeholder for further advancements in its exploration efforts while leveraging its Brazilian quarry operations.
Stakeholder Gold Corp. has successfully launched sales from its third quarry in Brazil, producing white quartzite to meet international demand. This development not only enhances their operational portfolio but also supports their exploration projects in the Yukon. The company anticipates significant production this month, reflecting a growing market interest and sustainable cash flow that will contribute to further mining advancements.
Original Source: www.newsfilecorp.com
