NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES
- Rogue Stone's ramp-up continued with strong performance through its first full winter season
- In Q3-2021, from November-January, Rogue Stone sold 6,914 tons realizing $70/ton with COGS of $37/ton
- To date, Rogue Stone has sold more than 25,000 tons, realizing close to $2M in sales
- Rogue realized $72,193 in EBITDA this quarter (the first positive quarter since the Company's launch in 1985)
TORONTO, ON / ACCESSWIRE / March 31, 2021 / Rogue Resources Inc. (TSXV:RRS) ("Rogue" or the "Company") is pleased to announce continued progress at Rogue Stone with 6,914 tons[1] sold in Q3-2021, from November through January with an average realized price per ton of $70 and Cost of Goods Sold ("COGS") of $37/ton. In total, Rogue Stone has now sold more than 25,000 tons, realizing close to $2M in gross sales.
Today the Company filed its Q3-2021 financials for the three months ended October 31, 2020 (available on Rogue's website or through the SEDAR filing system). It was an historic quarter for the Company, after 143 quarters with no earnings, the Company realized $72,193 of EBITDA.
"We are pleased with the performance to date from Rogue Stone. We continue to hit our production forecasts and safely produce great product for our customers", said Sean Samson, President and CEO of Rogue. "The EBITDA is starting small but it's a good change from the past and a step forward in building a profitable business."
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any commodity, it looks at rock value and quality deposits that can withstand all stages of the commodity price cycle. The Company includes Rogue Stone selling quarried limestone for landscape applications from two operating quarries in Ontario; Rogue Quartz focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Qubec; Rogue Timmins with the gold potential at Radio Hill and an ownership position in the private company EV Nickel, exploring in the Shaw Dome.
Qualified Person
The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.
For more information visit www.rogueresources.ca or contact:
+1-647-243-6581
info@rogueresources.ca