Steppe Gold Ltd. is pleased to provide a further operations update. With one more pour to come on June 30, gold production for the month is expected to be around 3,200 oz, bringing total production for the second quarter to approximately 10,400 oz. The Mongolian government is currently paying a 5% premium for gold and this will ensure an above-market achieved gold price in the quarter and strong operating cash flow for [...]
Steppe Gold Ltd. is extremely pleased to provide an operations update for May 2022. May gold production showed a continued ramp up from April with another two gold pours in May for a total of approximately 3,800 oz Au . The Company is also pleased to confirm it has received three reagent shipments in May as it seeks to build the reagent inventories, allowing for additional areas under leach. Unleached sections of Cell 4 [...]
Steppe Gold Ltd. is pleased to announce its financial results for the three months ended March 31, 2022, following recent positive operational updates. First Quarter Highlights Revenue for the three months ended March 31, 2022, was $5,457 on sales of 2,893 gold ounces and 248 silver ounces with average realized prices per ounce of $1,850 and $24 respectively. Operating income from mine operations, before depreciation and [...]
Steppe Gold Ltd. is extremely pleased to provide an operations update for April 2022. Steppe Gold continues its ramp up of production following the recent restart in March and can report that gold production in 2 pours in April totalled approximately 3,350 oz . Reagent shipments continued uninterrupted in April and the process of restocking the reagent storage facility is ongoing. Mining and stacking activities are on [...]
Steppe Gold Ltd. is extremely pleased to announce the following exploration drilling update at its 100%-owned Altan Tsagaan Ovoo project. While we continue to ramp up production of gold and silver from the oxide ores at ATO, the Company maintained exploration activity in late 2021, focused on extensional and step-out targets. Results are now available, and this underscores the long held view that the ATO project has [...]
Steppe Gold Ltd. is extremely pleased to provide an operations update. Following the March 1 announcement regarding the resumption of production, Steppe Gold has completed its first gold pour and the subsequent sale was concluded in late March. The gold pour was 1,532 ounces of gold with gross proceeds of US$2.93m. Going forward, Steppe looks forward to regularly updating the market on ramp-up, production and cash flow [...]
Steppe Gold Ltd. announces its financial results for the year ended December 31, 2021, as well as the filing of its restated annual financial statements for the periods ended December 31, 2020 and provides a corporate update. The Restated Financial Statements were prepared following a continuous disclosure review by Staff of the Ontario Securities Commission of the Company's disclosure records. HIGHLIGHTS Financial [...]
Steppe Gold Ltd. is extremely pleased to announce that it has received a new shipment of key reagents and has now resumed full production. Throughout 2021, Steppe Gold faced significant reagent supply issues related to COVID lockdowns and border closures, notably with China. Having explored numerous supply alternatives, the Company has now secured new supplies and has recommenced heap leach ore processing. As noted in [...]
Mr. Bataa Tumur-Ochir , the President and CEO of Steppe Gold Ltd. announces that on January 27, 2022, the Corporation, Mr. Tumur-Ochir and the Development Bank of Mongolia entered into a form of transfer . Pursuant to the Transfer Agreement, DBM agreed to transfer to Mr. Tumur-Ochir a convertible debenture of the Corporation held by DBM with a principal amount of US$3,000,000 convertible into common shares of the [...]
Steppe Gold Ltd. today announces the filing of a technical report on its 100% owned Altan Tsagaan Ovoo Project located in Mongolia regarding the Phase 2 Expansion Project. The Technical Report titled "NI 43-101 Technical Report - Feasibility Study for the Altan Tsagaan Ovoo Phase 2 Expansion Project Mongolia" has been prepared by DRA Global Limited . The Technical Report is available under the Company's profile on SEDAR [...]
Steppe Gold Ltd. announces that it has filed on SEDAR its financial results for the quarter ended September 30, 2021. The full version of the Condensed Interim Consolidated Financial Statements and Management's Discussion & Analysis can be viewed on the Company's website at www.steppegold.com or under the Company's profile on SEDAR at www.sedar.com. Amounts are expressed in United States dollars unless otherwise noted [...]
Steppe Gold Ltd. is extremely pleased to announce that it has reached agreement for up to $65m in debt capital to fast track its phase two construction of the ATO Gold Mine. Of the total $65m in Loans, MNT 170 billion or approximately US$59.7m , has been funded through the Gold-2 National Program, facilitated through the Central Bank of Mongolia. The 2021 Gold-2 Loan proceeds were advanced during the third quarter to [...]
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