Mongolia’s Premier Precious Metals Company

Stock Code:
TSX: STGO, OTCQX: STPGF
Company Exposure:
Gold
Project Locations:
Mongolia
Steppe Gold is Mongolia’s premier precious metals company. The Company commenced production in 2020, and is projected to produce 160,000oz Au from the current operational oxide zone at its 100%-owned, flagship ATO Gold Mine. Steppe recently updated its ATO Phase 2 expansion project to ~103,000oz Au, with a 12 year mine life, for a total of 14 years to 2036 at AISC of US ~$850.
Steppe Gold’s expansion plans include a recent binding agreement to acquire Anacortes Mining. This transaction will transform Steppe Gold into a multi asset, multi jurisdiction gold company with existing production and development projects in two of the most exciting and still untapped gold provinces in the world in both Mongolia and Peru. The new combined company will have a potential development profile of over 200,000oz and a resource base of over 4.5Moz Au.
Investment Highlights
- Proven in-country team: Proven track record. Strong social licence to operate and strong support from Mongolian investors
- Production Commenced in 2020: Mine fully commissioned and permitted. Initial Phase – I oxide zone is estimated to produce ~ 160,000oz of gold and a further 1, 237,000oz Au Eq from Phase 2
- Resource expansion: Updated resource estimates recently announced for ATO 1,2 ,4 deposits and initial resource for Mungu deposit, increasing reserves to ~1.7Moz Au Eq. at ATO Gold Mine