Steppe Gold Limited (“company”, “Steppe”) was incorporated in 2016, went public in 2018, and commenced production at its 100% owned flagship Altan Tsagaan Ovoo gold and silver mine (“ATO mine”) located in Mongolia in 2020. ATO was acquired from Centerra Gold (TSX: CG) in 2017.
Year one production is expected to be 60 Koz (thousand ounces), with a cash cost of $500 per oz. Management expects revenue of $67 million, with an EBITDA of $41 million in year one.
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