Bullboard - Stock Discussion Forum 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... see more

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Steppe Gold Ltd > What did STGO produce in 2021?

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Post by Ogopogo007 on Feb 23, 2022 4:05am

What did STGO produce in 2021?

Lifted off Triple Flag website, no mention of webinar gold sales. Sounds like no $$$ from Triple Flag into Ph 2...wonder why?

ATO (25% gold stream and 50% silver stream): Sales from ATO in Q4 2021 and FY2021 were 977 GEOs and 3,380 GEOs, respectively, based on sales of 843 ounces of gold and 10,372 ounces of silver in Q4 2021, and sales of 3,199 ounces of gold and 11,247 ounces of silver in FY2021. As we outlined in our October 29 press release, Triple Flag was pleased to report that Steppe Gold Ltd. (“Steppe”) announced on October 26 the positive results of the Feasibility Study on the ATO gold mine in Mongolia, focused primarily on the 10.5-year expansion from the fresh rock ore (“Phase 2 Expansion”) following depletion of the producing oxide phase in 2 years (the “Feasibility Study”). The Phase 2 Expansion materially extends the life of Triple Flag’s gold and silver stream by more than a decade, for no incremental investment by Triple Flag. Triple Flag was the cornerstone financing partner in 2017 to support Steppe in its acquisition and development of ATO, investing $28 million in the ATO stream and having received $17.3 million in stream cash flow from ATO as of December 31, 2021.

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