Company
Steppe Gold Ltd
TSE:STGO
Steppe Gold Ltd 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 expansion of the ATO Gold Mine to approximately 100,000 ounces of gold per annum from the development of underlying fresh rock ores.
111 stories · page 3 of 6
Steppe Gold receives 'Buy' from Stifel GMP, as miner beats on EPS in Q3 on higher gross margin and lower interest expenses
Analysts noted that the 'EPS beat' was driven by higher gross margins and lower interest expenses due to significant repayment of debt in the quarter
Steppe Gold aiming to maximize output as it eyes Phase 2 expansion at ATO
In the three months to end-September, the miner posted adjusted underlying earnings (EBITDA) of US$10.48 million on revenue of US$21.7 million
Steppe Gold's production update gets the thumbs up from Stifel and Hannam & Partners
Both brokers have bullish price targets for Mongolia's premier precious metals company.
Steppe Gold says gold production jumped 28% in third quarter
“We are very pleased to report continued ramp-up of production at the ATO Gold Mine in the third quarter,” said Steppe Gold president and CEO Bataa Tumur-Ochir
Steppe Gold moves to consolidate gold position in Mongolia’s Bayankhongor province with three milestone agreements
Steppe Gold said it is committed to a strong two-way partnership with all stakeholders in the region, particularly the residents of the local Soum area
Steppe Gold strikes short-term gold prepay agreement with Triple Flag International worth US$4.6M
One of the consequences of the zero Covid policy in China and the closures along its border with Mongolia has been a shortage of available US dollars with banks in Mongolia
Stonegate Capital Partners positive about Steppe Gold on ATO commercial production
Analysts set a share valuation range of C$2.00 to C$3.75 per share, with a mid-point of C$3.00, on Steppe Gold's positive cash flow and experienced management team
Stifel GMP upbeat on Mongolia-focused Steppe Gold following ATO Phase 2 expansion plan update
On August 30, Steppe reported positive progress on its Phase 2 expansion plan at the mine after it received a landmark power agreement and is constructing a new fixed crusher, which is expected to be completed in October this year
Steppe Gold rapidly advancing Phase 2 expansion at ATO mine, new crusher nearing completion
All equipment for the new unit has arrived and 160 tonnes of equipment have been installed out of a total of 220 tonnes
Steppe Gold reports financial results for the three months ended June 30, 2022, issues July production update
The company posted revenue for the three months period of $17,237 on sales of 8,907 gold ounces and 717 silver ounces with average realized prices per ounce of $1,933 and $22 respectively
Stifel GMP repeats 'Buy' recommendation on Steppe Gold as ramp up at ATO mine exceeds broker's expectations
The miner announced on June 27 this year that gold output from its flagship mine was expected to hit 10,400 ounces in the second quarter, 6% higher than the broker's expected figure
Steppe Gold anticipates 2Q gold production of around 10,400 ounces from its ATO mine in Mongolia
Gold production for the month of June is expected to be around 3,200 ounces, according to Steppe
Steppe Gold maintains ‘Buy' rating from Couloir Capital after achieving multiple milestones at its flagship ATO gold mine in Mongolia
Couloir analysts wrote that Steppe Gold’s current valuation failed to capture its growth potential and raised their valuation of the company to C$2.22 per share from C$2.02 in their previous update