Steppe Gold Announces Strong Operating Cash Flow in Second Quarter Results
Ulaanbaatar, Mongolia--(Newsfile Corp. - August 17, 2020) - Steppe Gold Limited (TSX: STGO) ("Steppe Gold" or "the Company") is extremely pleased to announce its financial results for the second quarter ended June 30, 2020. Steppe Gold CEO, Mr Bataa Tumur-Ochir commented "We are pleased to report a very strong first quarter of production at the ATO Gold Mine. With cash costs under $600 in this ramp up phase, and over 1m tonnes of ore now mined and paid for, we are seeing the strong cash flow...
2020-08-17 7:30 AM EDT
Steppe Gold Announces Completion of $15 Million Strategic Investment by Eric Sprott
Ulaanbaatar, Mongolia--(Newsfile Corp. - August 6, 2020) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") is pleased to announce that the previously announced C$15 million investment in the Company by Mr. Eric Sprott has been completed. Mr. Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired a total of 6,976,944 units of the Company at a price of C$2.15 per unit for gross proceeds to the Company of C$15,000,429. Each unit is comprised of one...
2020-08-06 7:30 AM EDT
Steppe Gold Provides Update on ATO Gold Mine Expansion
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 29, 2020) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") is very pleased to provide an update on the Bankable Feasibility Study ("BFS") underway for the expansion of the ATO Gold Mine into fresh rock ores with a planned production profile of approximately 150,000oz gold equivalent per year and an estimated ten year mine life. In parallel with the company's aggressive exploration program currently underway at the ATO Gold Mine, the...
2020-07-29 7:30 AM EDT
Steppe Gold Commences Drilling Programs
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 21, 2020) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") is very pleased to provide an update on the commencement of exploration drilling and trenching programs at the ATO Gold Mine and Uudam Khundii ("UK") Gold Project. ATO GOLD MINE Three diamond core drilling rigs have commenced operations at the ATO Gold Mine. Recent drilling has been focused on high grade depth extensions under the ATO1 Deposit which is currently being mined...
2020-07-21 10:42 AM EDT
Steppe Gold Announces $15 Million Strategic Investment by Eric Sprott to Accelerate Growth
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 9, 2020) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") is pleased to announce a non-brokered private placement of approximately C$15.0 million (the "Private Placement"), through the sale of 6,976,944 subscription receipts (the "Subscription Receipts") at a price of $2.15 per Subscription Receipt, subject to the approval of the Toronto Stock Exchange and, if required, shareholder approval. Each Subscription Receipt will convert...
2020-07-09 7:30 AM EDT
Production at ATO Gold Mine Passes 15,000 Oz Gold in First Three Months Commercial Production Achieved
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 6, 2020) - Steppe Gold Limited (TSX: STGO) ("Steppe Gold" or "the Company") is extremely pleased to provide an update on its production ramp up at its 100% owned ATO Gold Mine in Mongolia. The Company made its first gold sales starting on April 23 and gold and silver is being produced and sold every 14 days. To date, the Company has now sold a total of 15,389 oz of gold and 4,978 oz of silver, in six separate deliveries. This has generated net...
2020-07-06 9:00 AM EDT
Steppe Gold Provides Update on Annual Meeting
Ulaanbaatar, Mongolia--(Newsfile Corp. - June 29, 2020) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") announces certain updates in respect of its 2020 annual meeting of shareholders (the "Meeting"). In response to the unprecedented public health impact of COVID-19, and to mitigate risks to the health and safety of its shareholders, employees and local communities, the Company is deferring the Meeting to September 22, 2020. The Company is relying on the exemption provided in...
2020-06-29 7:33 PM EDT
Steppe Gold Limited Announces Its Financial Results for the Quarter Ended March 31, 2020
Ulaanbaatar, Mongolia--(Newsfile Corp. - May 15, 2020) - Steppe Gold Limited (TSX: STGO) ("Steppe Gold" or "the Company") is extremely pleased to announce its financial results for the quarter ended March 31, 2020. The Company announces that the Company's interim consolidated financial results for the first fiscal quarter ended March 31, 2020 have been filed on SEDAR. The full version of the Condensed Interim Consolidated Financial Statements and Management's Discussion & Analysis can be...
2020-05-15 9:00 AM EDT
Steppe Gold Provides an Update on Ore Processing at ATO Gold Mine in Mongolia
Ulaanbaatar, Mongolia--(Newsfile Corp. - May 11, 2020) - Steppe Gold Limited (TSX: STGO) ("Steppe Gold" or "the Company") is extremely pleased to provide an update on ore processing at its 100% owned ATO Gold Mine in Mongolia. Further to the March 25 announcement of the commencement of ore processing, the Company announces that it has now commenced gold and silver sales. To date the Company has sold a total of 5,233 oz of gold and 1,372 oz of silver in two separate deliveries to the Central...
2020-05-11 7:30 AM EDT
Steppe Gold Commences Gold Production
Ulaanbaatar, Mongolia--(Newsfile Corp. - March 25, 2020) - Steppe Gold Limited (TSX: STGO) ("Steppe Gold" or "the Company") is extremely pleased to announce the commencement of ore processing at its 100%-owned ATO Gold Mine in Mongolia. The Company has now mined, crushed and stacked approximately 533,000t of gold ore at a grade of 2.0g/t gold on Cell1 of the leach pad where leaching has commenced. At an expected gold recovery rate of 70%, Steppe already has 24,000 ounces of leachable gold on...
2020-03-25 9:00 AM EDT
Closing of Landmark Investment by Mongolian National Strategic Investment Fund and Operational Update
Ulaanbaatar, Mongolia--(Newsfile Corp. - January 30, 2020) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") is pleased to announce that it has now successfully closed the previously announced US$3M convertible debenture financing with the Mongolian National Strategic Investment Fund PIF SPV. The proceeds from the debenture financing will be primarily used towards commencing gold production at its ATO Gold Mine. As of today, the Company has mined, crushed and stacked...
2020-01-30 8:00 AM EST
Steppe Gold Announces Landmark Investment by Mongolian National Investment Fund
Ulaanbaatar, Mongolia--(Newsfile Corp. - January 22, 2020) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") is extremely pleased and proud to be the first company to receive funding from the Mongolian National Investment Fund PIF SPV. The fund has subscribed for a 12% two-year secured convertible debenture of the Company in the principal amount of US$3 million (the "Debenture"). The Mongolian National Investment Fund PIF SPV aims to finance high return projects that increase...
2020-01-22 1:54 PM EST
Steppe Gold Announces Equity Financing
Ulaanbaatar, Mongolia--(Newsfile Corp. - December 19, 2019) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") is pleased to announce that it plans to complete a private placement offering of approximately 2,222,222 common shares of the Company (the "Common Shares") at a price of C$0.90 per Common Share (the "Issue Price") for aggregate gross proceeds of C$2,000,000 (approximately US$1.53m) (the "Offering"). The gross proceeds from the Offering will be used for further...
2019-12-19 7:30 AM EST
Steppe Gold's ATO Mine Fully Permitted and Commencing Gold Production. Appointment of New President and CEO to Lead Aggressive Growth Strategy
Ulaanbaatar, Mongolia--(Newsfile Corp. - December 2, 2019) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") is extremely pleased to announce that the ATO Gold Mine is fully permitted and gold production is commencing. The Company has now mined, crushed and stacked approximately 300,000t of ore at a grade of 2.13g/t gold on the leach pad. The company’s mining, crushing and stacking program is ongoing. Full year production for 2020 is now envisaged to be approximately 60,000oz of...
2019-12-02 7:00 AM EST
Steppe Gold Director and VP Mongolia Announces Purchase of Convertible Debentures of Steppe Gold Ltd. and Filing of Early Warning Reports
Ulaanbaatar, Mongolia--(Newsfile Corp. - October 31, 2019) - Mongolia Inc Limited LLC. ("Mongolia Inc."), a private corporation incorporated in Mongolia and controlled by Bataa Tumur-Ochir, a director and officer of Steppe Gold Ltd. ("Steppe"), announces that on October 28, 2019 it purchased US$2.5 million principal amount of 10% two-year unsecured debentures (the "Debentures") from Chinggis Khaan Bank ("Chinggis Bank"). The US$2.5m principal amount of Debentures is convertible into 4,807,692...
2019-10-31 11:50 AM EDT
Steppe Receives an Additional US$5 Million Deposit Under Terms of Amended Gold Stream Agreement with Triple Flag and Repays Promissory Note
Toronto, Ontario--(Newsfile Corp. - September 30, 2019) - Steppe Gold Limited (TSX: STGO) (the "Company" or "Steppe Gold") is pleased to announce that it has entered into an agreement to amend (the "Amendment") the terms of its existing gold stream with Triple Flag Mining Finance Bermuda Ltd. ("Triple Flag Bermuda"). Under the terms of the amendment Triple Flag Bermuda advanced an additional deposit of US$5 million to Steppe Gold, bringing the total amount advanced to Steppe Gold by Triple...
2019-09-30 3:18 PM EDT