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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

TSX:STGO - Post Discussion

Steppe Gold Ltd > Is STGO borrowing $$$ to buy gold to pay Triple F?
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Post by Ogopogo007 on Apr 02, 2022 3:06am

Is STGO borrowing $$$ to buy gold to pay Triple F?

Triple Flag Bermuda has determined the annual cap amounts upon the achievement of the commercial production date as the gold cap amount to be 7,125 ounces of produced gold annually and the silver cap amount to be 59,315 ounces of produced silver annually. Pursuant to the Stream Agreement, Steppe BVI has an option to buy gold and silver from open market and resell such gold and silver to Triple Flag International.

Since STGO only producing webinar gold recently, have they been borrowing $$$ to buy gold to pay streaming requirements to Triple F ?

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