Steppe Gold Ltd.

Steppe Gold Chief Financial Officer Jeremy South joined Steve Darling from Proactive to unveil a significant development in the company's growth trajectory. Steppe Gold has initiated a transformative share exchange agreement aimed at acquiring all of the issued and outstanding common shares of Boroo Gold, a strategic move poised to establish Steppe Gold as Mongolia's premier gold producer.
In tandem with this acquisition [...]

Steppe Gold Ltd. is pleased to announce that, further to its press releases dated January 22, 2024 and March 19, 2024, it has entered into a share exchange agreement pursuant to which Steppe Gold will acquire all of the issued and outstanding common shares of Boroo Gold LLC from an indirect, wholly owned subsidiary of Boroo Pte Ltd. in an all-share transaction . Additionally, pursuant to separate definitive share purchase [...]

Steppe Gold Ltd. is pleased to announce its financial results for the year ended December 31, 2023. HIGHLIGHTS Fourth quarter and year ended December 31, 2023 Highlights Revenue for the three months and year ended December 31, 2023 amounted to $14,677 and $54,239 on sales of 7,242 and 27,050 gold ounces and 17,673 and 71,367 silver ounces, respectively. Average realized prices for the three months and year ended December [...]

Steppe Gold Ltd. is pleased to announce its financial results for the year ended December 31, 2023. HIGHLIGHTS Fourth quarter and year ended December 31, 2023 Highlights Revenue for the three months and year ended December 31, 2023 amounted to $14,677 and $54,239 on sales of 7,242 and 27,050 gold ounces and 17,673 and 71,367 silver ounces, respectively. Average realized prices for the three months and year ended December [...]

Steppe Gold Ltd. announces today that Aneel Waraich has resigned as a director and executive vice president of the Company and Greg Wood has resigned as Chief Operating Officer of the Company, each effective March 28, 2024, and the board of directors has accepted their resignations. The Company would like to thank Mr. Wood and Mr. Waraich for their contributions and wishes them every success in their future endeavors. In [...]

Steppe Gold Ltd. is pleased to announce it has reached the next financing milestone for the Phase 2 Expansion at the 100% owned ATO Gold Mine . This coincides with further progress on the turnkey engineering, procurement, and construction contract , and the second project finance draw down of US$40.4m. Highlights Second draw down of US$40.4m from the project finance package, was funded on March 20, 2024, with a total of [...]

Steppe Gold Ltd. is pleased to announce that Steppe Investments Limited, a wholly owned subsidiary of the Company, has entered into an amended and restated gold prepay agreement with Triple Flag International Ltd. for an additional advance under its previously negotiated short-term gold prepay facility . Under the terms of the Prepay Agreement, Triple Flag has advanced additional funds of US$5 million to Steppe Gold or [...]

Steppe Gold Ltd. is pleased to announce the extension of the binding term sheet entered with, among other parties, Boroo Gold LLC dated January 18, 2024 , pursuant to which Steppe Gold, either directly or through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Boroo Gold in an all-share transaction . The Extension Letter Agreement extends the exclusivity period between Steppe [...]

Steppe Gold Ltd. announces the following Board changes. Matthew Wood has resigned as a director of the Company. The President of the Company, Byambatseren Tsogbadrakh, has joined the Board, with both notifications effective immediately. The Company would like to pay special thanks to Mr. Wood for his outstanding contributions to Steppe Gold. As one of the founders of Steppe Gold, Mr. Wood was responsible for identifying [...]

Steppe Gold Ltd. is pleased to announce that it has entered into a binding term sheet pursuant to which Steppe Gold, either directly or through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Boroo Gold LLC in an all-share transaction . Transaction Highlights: Boroo Gold is a leading gold producer with an average gold production of over 60,000 oz per annum and an expected mine [...]