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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 > Steppe needs a loan for "working capital" ?
View:
Post by GripnRip on May 16, 2023 11:55am

Steppe needs a loan for "working capital" ?

  • In January 2023, the Company received a $5,000 working capital loan, due for repayment later in 2023.
Remember when this mine was going to pay for Ph 2? Now can't even pay for itself

  • Production in the quarter was 6,993 ounces of gold and 19,877 ounces of silver.
What happened to 60,000 oz eq/yr ?

Asking for a friend
Comment by Eski1111 on May 16, 2023 2:44pm
Q1 is always weak as they can't produce so mach in winter.  They have produced almost double OZ compared to Q1. So you can double Q1-Q4 2022 and you get your 60k OZ/Year.   Just compare it to Q1 2022 and you will find your 5M working capital as well (debt). 
Steppe Gold Ltd
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