Steppe Gold Ltd T.STGO

Alternate Symbol(s): STPGF

Metals & Mining Gold

Steppe Gold Ltd is a Mongolia-focused precious metals company. The Company is focused on operating, developing, exploring and acquiring precious metal projects in Mongolia and Peru. Its projects include Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, and Uudam Khundii UK 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.

TSX:STGO - Post by User

Steppe Gold Ltd

<< Previous

Bullboard Posts

Next >>

Post by GripnRipon Sep 17, 2023 7:29am

226 Views

Post# 35640142

Production down, cash costs increasing...ouch

Did winter arrive early?

Q2-2023 production (from its flagship ATO gold mine in Mongolia) was down 2% QoQ, and 19% lower than our forecast. Cash costs increased 16% QoQ, to $722/oz,

No wonder share price is in toilet

<< Previous

Bullboard Posts

Next >>

@ the Bell: TSX advances to start off Christmas trading week