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.

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Steppe Gold Ltd > How many kgs of gold did Boroo produce?

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Comment by AlfTanneron Sep 02, 2024 10:35am

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Post# 36205138

RE:How many kgs of gold did Boroo produce?

Boroo is expected to produce an average of 53.7k ounces over the next 8 years. Boroo made a profit of $51M in 2023, but that is expected to come down some in 2024. Like most gold miners, inflation in increasing costs, but they hedged at $2000 through the end of 2024. The new combined company has a market cap of $127M. Assuming Boroo makes around $30M in 2024, that puts the P/E around 4.

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