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 160Koz Au from the current operational oxide zone at its 100%-owned, flagship ATO Gold Mine. Steppe recently updated its ATO phase two expansion project to ~103Koz Au, with a 12 year mine life, for a total of 14 years to 2036 at AISC of ~US$850.
Steppe’s growth vision has resulted in securing US$150M to fully fund its phase two expansion at their flagship ATO Gold Mine, and acquiring Anacortes Mining. Steppe Gold is now 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: Mongolia and Peru. The new combined company has a potential development profile of +200Koz 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 early 2020: Mine fully commissioned, permitted, and in production. The phase two oxide zone is estimated to produce 100Koz of gold annually
- Resource expansion: New resource upgrades are currently being calculated for ATO 1, 2, & 4 deposits and initial resource for Mungu deposit
- Significant exploration position: Uudam Khundii (UK) project: Steppe Gold owns 14,400ha in Bayankhongor gold belt. Four new gold discoveries to be drilled in 2022