Steppe Gold
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Home Mining Company Profiles

Steppe Gold

Mongolia’s Premier Precious Metals Company

Steppe Gold
  Latest Featured Articles
The Assay Weekly Roundup: 1 Aug to 7 Aug 8 August, 2024
Steppe Gold Completes Acquisition of Boroo Gold 2 August, 2024
The Assay Weekly Roundup: 4 July to 10 July 11 July, 2024
The Assay TV – Bataa Tumur-Ochir, Chairman & CEO, Steppe Gold (TSX:STGO) – 9/7/2024 9 July, 2024
Steppe Gold Appoints WSP as Engineering Design Partner for ATO Phase 2 Expansion 5 July, 2024
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Stock Code:
TSX: STGO, OTCQX: STPGF
Company Exposure:
Gold
Project Locations:
Mongolia

Steppe Gold stands as Mongolia’s premier precious metals producer, advancing from an IPO in 2018 to commercial production at the oxide zone of its ATO Gold Mine in 2020.

With a skilled work force, strong local support and financial backing, the company brought a total of 110Koz of gold and 200Koz of silver to market (approximately $210M in revenue project to date).

Steppe Gold is well-positioned to significantly increase earnings as it embarks on an impressive growth path with precious metal prices projected to stay strong over the near to medium term.

With a forward-thinking growth strategy, the Company has secured US$150M to fully finance the Phase II expansion of the mine. ATO Phase II is scheduled to begin commissioning in H1 2026 with an average annual production of over 90Koz AuEq over 12 years at an all-in sustaining cost (AISC) of approximately $1,000/oz.

Additionally, Steppe Gold has successfully completed negotiations to acquire the Boroo Gold Mine, positioning itself as a multi-mine production company in a region brimming with untapped potential. The new combined company is expected to produce over 85Koz AuEq per annum over the next two years, and up to 150Koz AuEq annually starting in 2026 as ATO Gold Mine Phase II Expansion comes online.

Investment Highlights

Transformational value creation in full swing:

  • Acquisition of producing Boroo Gold mine:
    – Boosts 2024 production to over 90Koz AuEq with EBITDA over $65M
    – Adds 8+ year mine life with 697Koz AuEq high-margin reserve (431Koz AuEq recoverable)
    – Increases production to over 1.3Moz AuEq and EBITDA to over $875M over 12 years
  • Phase 2 Expansion at ATO:
    – Increase production to 90Koz/yr AuEq per annum starting mid 2026 with EBITDA averaging over $50M/yr
    –  Provides 12+ year mine life with 1.7Moz AuEq high-margin reserve
  • Improving Economics:
    – Exploring technologies to enhance recoveries, improve project logistics, and further reduce costs
    – Recently reduced annual overheads by 45% (over $2Mpa)
  • Excellent Potential to Grow Resources/Reserves:
    – Near mine targets to drill including depth targets just outside current pit shells (11m @655g/t AgEq and 55m @193g/t AgEq)
    – M&A and exploration targets are available in Mongolia
  • Proven in-country team:
    – Track record of value creation, operational excellence, financial discipline, and strong corporate governance
    – Demonstrated ability to enhance operations, increase mineral resources, obtain permits, and deliver construction/expansion projects
  • Compelling Valuation:
    – Trading at <$65/oz P&P of combined entity – well below other junior producers ($150-200/oz)
*All dollar amounts expressed in United States Dollars, unless otherwise indicated; metal prices used in all calculations: Au=1,850/oz, Ag=20.0/oz

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Videos

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The Assay TV – Bataa Tumur-Ochir, Chairman & CEO, Steppe Gold (TSX:STGO) – 9/7/2024

The Assay TV - Bataa Tumur-Ochir, Chairman & CEO, Steppe Gold (TSX:STGO) - 9/7/2024

The Assay TV – Bataa Tumur-Ochir, Chairman & CEO, Steppe Gold (TSX:STGO) – 9/7/2024

The Assay TV
The Assay TV - Aneel Wairach, Executive Vice President & Director, Steppe Gold (TSX:STGO)

The Assay TV – Aneel Wairach, Executive Vice President & Director, Steppe Gold (TSX:STGO) – 2/2/2023

The Assay TV
The Assay TV - Aneel Wairach, Executive Vice President & Director, Steppe Gold (TSX:STGO) - 27/9/2022

The Assay TV – Aneel Wairach, Executive Vice President & Director, Steppe Gold (TSX:STGO) – 27/9/2022

The Assay TV
The Assay TV: Aneel Wairach, Executive Vice President & Director, Steppe Gold (TSX TSE:STGO) - 29/11/2021

The Assay TV – Aneel Wairach, Executive Vice President & Director, Steppe Gold (TSX: STGO) – 29/11/2021

The Assay TV
The Assay TV: Aneel Waraich, Executive Vice President and Director, Steppe Gold (TSX:STGO)

The Assay TV: Aneel Waraich, Executive Vice President and Director, Steppe Gold (TSX:STGO)

The Assay TV

Latest Featured Articles

The Assay Weekly Roundup: 1 Aug to 7 Aug

byEleanor Laurence - Content Producer, The Assay
8 August, 2024

Steppe Gold Completes Acquisition of Boroo Gold

byEleanor Laurence - Content Producer, The Assay
2 August, 2024

The Assay Weekly Roundup: 4 July to 10 July

byEleanor Laurence - Content Producer, The Assay
11 July, 2024

The Assay TV – Bataa Tumur-Ochir, Chairman & CEO, Steppe Gold (TSX:STGO) – 9/7/2024

byThe Assay
9 July, 2024

Steppe Gold Appoints WSP as Engineering Design Partner for ATO Phase 2 Expansion

byEleanor Laurence - Content Producer, The Assay
5 July, 2024

The Assay Weekly Roundup: 27 June to 3 July

byThe Assay
4 July, 2024

Steppe Gold Shareholders Largely Approve Boroo Gold Acquisition

byEleanor Laurence - Content Producer, The Assay
3 July, 2024

The Assay Weekly Roundup: 20 June to 26 June

byEleanor Laurence - Content Producer, The Assay
27 June, 2024
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Share Price

Company Financials

Website

W: steppegold.com

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Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

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