Here we go...2021 guidance...Cheers50k 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 | | | |