Steppe Gold making strong recovery following coronavirus related setbacks
The first six months of the year have been a busy period for the company which has been mining and stacking on the heap leach phase
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.
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Steppe Gold gets the go-ahead to cross-list on the Mongolian Stock Exchange
Over 20% of Steppe Gold’s shares are already owned by Mongolian investors and it said the cross-listing reaffirmed its commitment to enable more Mongolians to share in its success
Steppe Gold focused on Phase 2 expansion preparations in Mongolia as production makes slow start in 2021
In the three months to March 31, the company mined 179,130 tonnes versus 291,455 tonnes in the previous quarter to December 31, 2020
Steppe Gold delivers strong 4Q results with US$13.2M in revenue and market-low cash costs
The company produced 7,923 gold ounces at a realized price per ounce of $1,882 and 3,429 silver ounces at $23 from its ATO gold operation at an all-in sustaining cost of US$902
Steppe Gold says new crusher poised to be operational by July this year as it updates on Phase 2 expansion plans in Mongolia
The miner has bought a new crushing plant from a leading international supplier for US$5 million
Stifel GMP ups price target on Steppe Gold to C$4 after miner doubles its ATO gold mine resource
An updated resource estimate at the Mongolian project saw the measured and indicated (M&I) resources increase to 41.6 million tons or 2.2 million ounces at an average grade of 1.7 grams per ton (g/t) gold equivalent ounces
Steppe Gold releases updated resource estimate that doubles resource at ATO gold mine to nearly 2.5 million ounces
Measured and indicated (M&I) resources increase to 41.6 million tons or 2.2 million ounces at an average grade of 1.7 g/t gold equivalent ounces
Steppe Gold unveils plans for secondary listing on Mongolian Stock Exchange
The miner has hired Ard Securities as lead advisor and underwriter in connection with the proposed secondary listing
Steppe Gold announces 3Q cash flow of US$12.7 million from its ATO gold mine in Mongolia
The company recorded revenue for the quarter of US$19.4 million with All in Sustaining Costs (AISC) of US$794 per gold ounce sold
Steppe Gold's ATO mine poised to be free cash flow machine, says Stifel GMP as it starts coverage
Using the current spot gold price, analysts at the investment bank see the newly commercial ATO mine generating US$100 million of free cash flow over the next two years
Steppe Gold secures initial debt funding of around US$10.5M for its expansion project at ATO mine
The financing, obtained through Mongolia's Gold-2 program, is for the initial amount of around US$10.5 million
Stonegate Capital hikes price guidance on Steppe Gold to around C$3.55 thanks to ATO project potential
The gold mining company recently started commercial production from the ATO project in Mongolia and has already produced 15,300 gold ounces
Steppe Gold continues to find good grades at ATO mine as it progresses bankable feasibility study on its expansion
Three diamond drill rigs are currently turning 24/7 at the ATO mine in Mongolia
Haywood Capital Markets hikes target for Steppe Gold by a dollar as it looks to potential transformative milestones ahead
The miner's second quarter results showed strong output from its flagship asset - the ATO mine
Steppe Gold building a premier gold player in mineral-rich Mongolia
Steppe Gold began producing gold at its flagship Altan Tsaagan Ovoo (ATO) mine in March this year
Steppe Gold seeing strong cash flow from ATO mine as it looks to second phase of expansion
The miner said production for the three months to June 30, 2020, came in at 15,389 ounces of gold and 4,978 ounces of silver
Steppe Gold says previously announced C$15M investment by Canadian resources investor Eric Sprott has completed
Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired a total of 6,976,944 units in Steppe Gold at a price of C$2.15 per unit
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswire
Steppe Gold says Bankable Feasibility Study underway for the expansion of the ATO Gold Mine into fresh rock ores
The company has completed a substantial amount of drilling at the ATO Gold Mine since resources and reserves were last calculated
Steppe Gold commences exploration drilling and trenching programs at Mongolian gold projects
At the ATO Gold Mine, CEO Bataa Tumur-Ochir said the miner hopes to expand operations to 150,000 ounces per annum