Steppe Gold Limited (TSX: STGO / OTCQX: STPGF / FSE: 2J9) – Sitting on $150M+ of Inventory Ready for Processing
Highlights This company recommenced production at its ATO gold mine (Mongolia) last month. The...
Read MoreHighlights This company recommenced production at its ATO gold mine (Mongolia) last month. The...
Read MoreHighlights 2020 production and revenue were 5% and 7% lower than our estimates, respectively. We...
Read MoreAn updated resource estimate reflected an 82% increase to 2.45 Moz Au Eq (gold equivalent) vs the 2017 reserve/resource estimate of 1.35 Moz. 88% of the 2021 resource is in the M&I category. The significant increase in resources was a result of resource expansion at ATO-4 (one of three known mineralized pipes), inclusion of a maiden resource at Mungu, and lower cut-off grades amid higher gold prices.
Read MoreUnlike most gold producers, Steppe Gold’s operations have not been materially impacted by the pandemic as most employees reside on-site. Also, as 100% of the produced gold is sold within Mongolia, the company is not reliant on export channels.
Read MoreSince our introductory note in April 2020, Steppe Gold Limited (“company”, “Steppe”) is up 172%.
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