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Steppe Gold Ltd T.STGO

Alternate Symbol(s):  STPGF

Steppe Gold Ltd. is engaged in the business of precious metals and minerals exploration sector. Its project includes Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, Uudam Khundii UK Project, and Tres Cruces Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern Mongolia and is comprised of one mining license covering an area of 5492 hectares. The Mungu gold and silver discovery is located northeast of the ATO Project. It is a structurally controlled epithermal gold-silver system with localized bonanza grades. The Uudam Khundii property is comprised of one exploration license covering 14,397 hectares. The project area is located 800 km south-west of Ulaanbaatar. The property is located between and adjoining the Bayan Khundii gold discovery and Altan Nar epithermal gold deposits explored by Erdene Resource Development Corporation. It also owns an interest in the Tres Cruces Gold Project located in Northern Peru.


TSX:STGO - Post by User

Post by Ogopogo007on Apr 15, 2021 7:10am
71 Views
Post# 32998947

7th Turd CFO - and then we shut down for winter as planned

7th Turd CFO - and then we shut down for winter as plannedHUH ?

From Nov 2020 MD&A


Outlook
The Company intends to continue mining and stacking throughout the winter months at current or higher rates, although it expects a slightly lower rate of production in the first quarter of 2021, the coldest months of the year. 


Inventories
As at September 30, third quarter 2020 the company is reporting a total inventory balance of $8.2 million. This includes warehouse consumables, ore stockpiles, goldincircuit, and finished goods.   The current carrying balance of consumables is $1.2 million compared to $0.9 million for this same period in 2019. This is driven by increased stock on hand to accommodate the ATO Gold Mine’s requirements for steady state commercial production.  

IMHO......can't believe anything this co files on SEDAR. Material Fact when you shut down for a quarter...where was notice to shareholders?

UFB...guess that's how they fly in Mongolia
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