EVP, Aneel Waraich breaks down the significance of our current land package and what investors need to understand about the fundamentals of Steppe. #shorts #production #mongolia #gold #goldminingstocks

Steppe Gold Chief Financial Officer Jeremy South joined Steve Darling from Proactive to share the company's financial results and ongoing initiatives.

The company continues to perform well, with revenue amounting to $15,765 for the quarter, driven by the sale of 7,920 gold ounces and 23,845 silver ounces. Over the course of three and nine months, 261,696 and 481,559 tonnes of ore were mined, while 247,046 and 705,400 tonnes of ore were stacked on the leach pad, respectively. These ore samples boasted an average gold grade of 0.72 g/t and 0.86 g/t, as well as an average silver grade of 6.03 g/t and 5.17 g/t, respectively.

South emphasized that Steppe Gold remains highly focused on its engineering, procurement, and construction arrangements for the Phase 2 Expansion. The construction and installation of the new fixed crushing unit are expected to be completed by the fourth quarter of 2023. The company has also finalized the camp design and initiated the design phase for major capital expenditure work.

In addition to its ongoing expansion efforts, Steppe Gold is actively exploring partnership opportunities to advance its two earlier-stage projects. The company continues to assess its exploration efforts, aligning its strategic objectives to drive growth and capitalize on opportunities in the mining sector.

Steppe Gold's strong financial performance and commitment to expanding its operations underscore its position as a key player in the mining industry. As it continues to develop and explore new opportunities, the company aims to unlock the full potential of its assets and contribute to the growth and development of the sector.

In case you missed it, we recently announced that we've surpassed the milestone of 100,000 ounces of gold production in Phase 1 at the ATO Gold Mine. This achievement is a testament to the dedication and hard work of our Steppe Team, who have not only built the mine from the ground up but have also fostered strong, trusting relationships with the local communities. #MiningJobs #steppegold #goldmining #mongoliamine #shorts

Steppe Gold is Mongolia’s premier precious metals company and Asia’s newest gold producer. We are projected to produce over 100,000 ounces of gold in 2022 and 2023 from our 100% owned flagship asset, the ATO Gold Mine.

#shorts #mining #gold #mongolia #fyp #steppe #producer

Steppe Gold (TSX:STGO; OTCQX: STPGF) director and executive VP Aneel Waraich discusses the company’s recent milestone for the ATO Mine operations and how we are planning to bring Phase 2 Expansion online in 2025.

00:00 Introduction
00:36 Drawdown on the ATO Mine operation
02:10 Overview of the current activities at the ATO Mine Project
05:25 Why is it a good time to invest in Steppe Gold?
08:07 Steppe Gold’s other projects in Mongolia
10:43 The other projects’ pathway to production

#gold #goldmining #investing

Steppe Gold reached 100,000 oz milestone from ATO Phase 1 and Phase 2 Expansion Development is ongoing with crusher construction. Aneel Waraich, Steppe Gold's EVP & Director, shared Steppe's story at the Emerging Growth Conference, highlighting our growing potential.

If you didn't get a chance to tune in to our EVP & Director, Aneel Waraich's, #investor presentation at @EGC's October Conference 63, tune in to this recording now!

Learn more: steppegold.com
#gold #Mongolia #mining #investing

In this Korelin Economics (KE Report) podcast episode, Aneel Waraich, our EVP & Director outlined the impacts of making the first drawdown on STGO's Phase 2 Expansions.

Tune in to this segment to hear the excitement around our growth potential, with the acceleration of our Phase 2 Expansion efforts, and how this is a key step in demonstrating to the market that the funding risk for the next big development and production growth initiative is now secured to continue forward with the Phase 2 sulfide production expansion.

Learn more: steppegold.com
#gold #mining #investing #Mongolia

The Company is pleased to report production from the Phase 1 heap leach operations recently passed the 100,000 oz milestone.

This equates to gross revenue of $188M and royalties and taxes paid to the Mongolian treasury of approximately $13M in the project to date.

US$150M financing for Phase 2 Expansion of the ATO Gold Mine is fully secured and estimated to commission a new flotation plant by the end of 2025.

Phase 2 Expansion will triple current production to over 100koz per annum for 12 years.

The Ministry of Mining and Heavy Industry of Mongolia and the Mongolian Mining Association recently hosted the inaugural Mining Week 2023 in Ulaanbaatar, with approximately 5,000 attendees.

The Mongolian President announced an investor-friendly business environment in his opening speech and Steppe’s team presented the latest updates on ATO Gold Mine.

Exciting times for Mongolia’s mining industry!

#STGO shares the exciting news of our first drawdown from the landmark $US 150M financing package announced this summer...which means an accelerated workplan for the construction and development of our Phase 2 Expansions!

Tune in to this interview with @Proactive247 to hear more.

Learn more: steppegold.com
#gold #mining #investing

#STGO's team had the opportunity to meet with #investors and shareholders at the 35th Gold Forum Americas, presented by the Denver Gold Group.

Looking for the latest corporate update? Here's a recording of our investor presentation on stage at this exciting event.

Learn more: steppegold.com
#investing #mining #PreciousMetals #Mongolia

If you didn't get a chance to tune in to our EVP & Director, Aneel Waraich's, #investor presentation at Emerging Growth Conference 62, tune in to this recording now!

Learn more: steppegold.com
#gold #Mongolia #mining #investing

Our updated Preliminary Economic Assessment of Tres Cruces shows strong project economics and significant growth potential.
Tres Cruces is strategically located in a highly prospective geological belt near multi-million-ounce gold producers in Peru.
Find out more in the video!
#STGO #GrowthStrategy #PreciousMetals #Mining #Investing

Recently, we shared our significant news with @Proactive247, about the successful completion of an updated preliminary economic assessment for the Tres Cruces Oxide Gold Project situated in #Peru. This project is strategically located within a highly promising geological belt that has already yielded notable mining successes, such as the Lagunas Norte and La Arena mines.

The Tres Cruces deposit boasts a substantial resource, combining oxide and sulphide categories, with an indicated resource of 2,474,000 ounces of gold at a grade of 1.65 g/t. Notably, within this resource, 630,000 ounces are attributed to leachable gold oxide mineralization, with a grade of 1.28 g/t.
Intriguingly, infill drilling conducted in 2022 validated the continuity of mineralization within the deposit. Metallurgical tests further confirmed the project's viability, with average gold recoveries of 82%, validating the design assumptions. Even when considering a gold price of $1700 per ounce, the after-tax net present value of the project stands at an impressive $158 million, accompanied by a robust internal rate of return of 30.9%.

Despite challenges posed by inflation-related cost increases, the project's economic strength remains substantial, suggesting significant potential for growth. Steppe Gold's dedicated team continues to systematically advance the oxide project, with a notable exploration potential still open at deeper levels.

These positive results underscore the soundness of Steppe Gold's approach to resource development, as well as its capacity to navigate market dynamics and deliver strong financial outcomes. The Tres Cruces Oxide Gold Project stands as a testament to the company's commitment to unlocking the potential of valuable mineral resources while maintaining economic resilience and sustainability.

Learn more: steppegold.com
#mining #investing #PreciousMetals #Mongolia

Steppe Gold: Q2 Financial Results is out now. With the ATO Phase 2 Expansion financing secured, we are now advancing our exploration and development programs in Mongolia. Find out more in the video.

Steppe Gold has been committed to social responsibility to ensure our mines and communities are sustainable and profitable for many years to come. Find out more in the video!

In our latest interview with the Crux Investor, tune in to hear what our latest announcements: fully-funded Phase 2 Expansion, acquisition of Anacortes Mining & Q2 Operations Updates mean for the Steppe Gold growth story!

Learn more: steppegold.com
#mining #investing #mongolia

Steppe Gold’s Q2 update highlights the latest updates of Phase 2 Expansion of ATO Gold Mine, backed by secured funding, along with more exciting expansion plans in Mongolia.
Find out all the details in the video!
#STGO #GrowthStrategy #Mongolia #PreciousMetals #Mining

In this Korelin Economics (KE Report) podcast episode, Aneel Waraich, our EVP & Director outlined the key company milestone with debt funding package now in place for the Phase 2 expansion, and reviewed the Q2 operations update at our producing (AT0) Altan Tsagaan Ovoo #gold Mine in #Mongolia.

Tune in to this segment to hear more about our growth potential, with rapid progress on Phase 2 Expansion plans, as the opportunity to expand mine life for both Phase 1 and Phase 2, as well as the derisking of the newly-acquired Tres Cruces' Gold Project in #Peru.

Learn more: steppegold.com

We’re thrilled to announce that Steppe Gold has successfully secured $150 million for the ATO Phase 2 Expansion!
Our team is committed to unlocking the mine’s full potential sustainably, creating lasting value for all stakeholders.