Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) has named founding member of the company Byambatseren Tsogbadrakh as its new president.
Tsogbadrakh has held progressively more senior roles at the company in recent years. She replaces Bataa Tumur-Ochir, who is resigning as president but will remain as CEO and chairman.
"I am excited to welcome Byambatseren to the management team in the role of president,” Tumur-Ochir said in a statement. “With our Phase 2 expansion progressing, we are growing our team across the company. I am most proud that we continue to progress Mongolian nationals through the ranks of the company and build our home grown talent base."
Steppe Gold is Mongolia's premier precious metals company producing gold from the operational oxide zone of the ATO Gold Mine.
The company has completed a feasibility study into the expansion of the ATO Gold Mine to approximately 100,000 ounces of gold per annum from the development of underlying fresh rock ores.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
Follow him on Twitter @andrew_kessel