Steppe Gold Ltd T.STGO

Alternate Symbol(s): STPGF

Metals & Mining Industrial Metals & Minerals

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.

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Steppe Gold Ltd

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Post by Jack79on Aug 19, 2021 1:28am

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Post# 33728763

Here we go...2021 guidance...Cheers

50k oz gold & 150k oz silver with $750 AISC......STGO went crazy.....7,202 oz gold + 762 oz silver in Q2'21...so far. STGO planning to produce 43k oz gold + 149k oz silver during cold harsh winter season below -40C...Unbelievable

Preparing its full arsenal for cold winter warfare....Well, i have no idea. But how much is that "Arctic SpecOps" will cost? Monthly cash burn reached its max, debt/equity almost doubled....only $6.4M free cash in the bank. Even can't cover Current portion of streaming arrangement $6.8M.......

During Q3'20, ...Q4'20 ...& ...Q1'21 cash burn score hits its historical max...monthly burn average nears $2.0M, incredible.....

Since Q2'2019's when STGO completed leach pads & started stacking til Q2'2021 placed around 2.4M tons of ore in leachpad at average grade 2.0 g/t.....During this period of timeline STGO produced around 40.3k oz gold & 36.3k oz silver....then leaching grade/recovery rate comes 0.63 g/t, which almost 70% direct loss from ROM grade.....ROM grade 2.0 g/t - Leach grade 0.63 g/t = 1.37 g/t grade loss

Above 0.63 g/t was calculated only using numbers of stacked ore on Leach pad #1 & #2...sum = 2.0M tons of ore....and conversion factor of 31.103477 grams per ounce...

+ Debts increased dramatically since Q2'20 which resulted nears "Credit Risk".....

Avengers, do it in Mongolian way.....incredible

Period	Ore mined	Ore stacked	ROM grade	Leach Cell	Cash-C2	Debt
2021-Q2	202,272	244,402	1.9	Cell#3	$6.4M	$24.2M
2021-Q1	170,130	189,283	1.9	Cell#3	$8.5M	$25.7M
2020-Q4	291,455	206,703	2.3	Cell#2	$15.1M	$20.2M
2020-Q3	362,750	207,663	2.2	Cell#2	$20.9M	$22.9M
2020-Q2	330,325	164,287	1.7	Cell#2	$6.9M	$32.4M
2020-Q1	650,000	650,000	1.8	Cell#1	$1.8M	$23.9M
2019-Q4	535,000	535,000	2.0	Cell#1	$0.7M	$22.3M
2019-Q3	230,000	230,000	2.3	Cell#1	$3.4M	$5.5M
2019-Q2	0	0
2019-Q1	0	0
Total / Average	2,771,932	2,427,338	2.0