Steppe Gold set for C$15M strategic investment from gold bull Eric Sprott
Sprott, via 2176423 Ontario Ltd, a company which he controls, is subscribing for all of the 6,976,944 subscription receipts at C$2.15 each in the placing
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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Proactive virtual event to showcase three rising stars in the mining industry
Steppe Gold Limited, Golden Valley Mines Ltd and ION Energy are among the standouts presenting at the investor-focused event
Steppe Gold generating strong cash from Mongolia mine and eyeing output increase to 150,000 ounces per year
So far, the miner has sold a total of 15,389 ounces of gold and 4,978 ounces of silver in six separate deliveries
Steppe Gold has upside potential at flagship Mongolia project, says Stonegate Capital as it lifts valuation
On April 22, Steppe produced its first gold pour and has now sold 5,233 ounces of gold and 1,372 ounces of silver
Steppe Gold ends first quarter with US$1.8 million in cash as it advances flagship Mongolia mine
The group announced on March 25 that it had begun gold production at the flagship mine
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Steppe Gold generates cash flow of US$8.5 million from gold and silver sales from its ATO mine in Mongolia
The group has so far sold 5,233 ounces of gold and 1,372 ounces of silver in two deliveries to the Central Bank of Mongolia.
Steppe Gold is now in production in Mongolia; on track for 60,000 ounces this year
The Mongolian economy is growing rapidly and the government knows that mining is a key to sustaining growth
Steppe Gold expected to produce strong annual cash flows from its Altan Tsaagan Ovoo (ATO) mine in Mongolia, says Stonegate Capital
Stonegate puts a valuation of between C$0.50 and C$1.81 on Steppe Gold shares with a mid-point at C$1.13.
Steppe Gold marks milestone in Mongolia as it begins gold production at ATO mine
Leaching of ore has now started after the firm mined, crushed and stacked around 533,000 tonnes of gold ore at a grade of 2 grams per ton
Steppe Gold eyeing Mongolia's next major gold mine; on track to produce 60,000 ounces this year
The Mongolian economy is growing rapidly, and the government knows that mining is a key to sustaining growth