Steppe Gold Ltd to Acquire Anacortes Mining Corp to Create a Leading Diversified Precious Metals Producer
Ulaanbaatar, Mongolia--(Newsfile Corp. - March 6, 2023) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold") and Anacortes Mining Corp. (TSXV: XYZ) (OTCQX: XYZFF) ("Anacortes") are pleased to announce that they have entered into a binding letter of intent (the "Binding Agreement") pursuant to which Steppe Gold, either directly or through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares (the "Anacortes Common Shares") of Anacortes by way of a court approved plan...
2023-03-06 7:48 AM EST
Steppe Gold Announces Plans to Pursue Dual Listing of Common Shares in Hong Kong
Ulaanbaatar, Mongolia--(Newsfile Corp. - February 22, 2023) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to announce that it plans to pursue a dual primary listing of its common shares on the Main Board of the Stock Exchange of Hong Kong Limited ("HKEx"), the premier listing venue for Asia-based companies, anticipated to occur later in 2023.The Company believes that a listing of its common shares on the HKEx will assist with...
2023-02-22 6:00 AM EST
Steppe Gold Announces Updated LOM Plan for ATO Gold Mine to 2036 - Higher Revenues and Profits
Ulaanbaatar, Mongolia--(Newsfile Corp. - February 21, 2023) - Steppe Gold Ltd (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to announce an updated life of mine ("LOM") for the 100% owned ATO Gold Project in Mongolia, comprising a further 1.5 years at the fresh rock expansion ("Phase 2 Expansion"), for a 12 year aggregate mine life. The results reinforce the Company's current Phase 2 Expansion plans with construction already underway, and existing permitting and...
2023-02-21 6:00 AM EST
Steppe Gold Announces Fourth Quarter 2022 Operations Update
Ulaanbaatar, Mongolia--(Newsfile Corp. - January 11, 2023) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to provide an operations update for the final quarter of 2022.Gold production was 7,150 oz in the fourth quarter for a total of 33,500 oz for 2022Mined 958,288 tonnes and 922,051 tonnes crushed and stacked in the year ended 2022Strong reagent supplies at the year end and new supply routes functioning wellAt December 31, 2022, total...
2023-01-11 8:45 AM EST
Steppe Gold Announces Third Quarter Financial Results and October Production Update
Ulaanbaatar, Mongolia--(Newsfile Corp. - November 7, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FRA: 2J9) ("Steppe Gold" or the "Company") is pleased to announce its financial results for the three and nine months ended September 30, 2022.Three and Nine months ended September 30, 2022 - Highlights (all figures in USD rounded unless stated otherwise)Revenue for the three and nine months ended September 30, 2022, was $21,710,000 and $44,404,000 on sales of 11,709 and 23,510 gold ounces respectively.Average...
2022-11-07 8:45 AM EST
Steppe Gold Announces Third Quarter Operations Update
Ulaanbaatar, Mongolia--(Newsfile Corp. - October 5, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to provide an operations update for the third quarter.Gold production was approximately 13,300 oz, up 28% from second quarterMined 266,292 tonnes and 230,399 tonnes crushed and stacked in third quarterAt September 30, total estimated recoverable gold in inventory is 71,000 ounces Gold production in the third quarter was approximately 13,300 oz, up 28% from the second...
2022-10-05 6:45 AM EDT
Steppe Gold Announces Important Developments in Creating a New Gold District in Bayankhongor
Ulaanbaatar, Mongolia--(Newsfile Corp. - October 4, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is extremely pleased to announce three important milestones in its ongoing plan to create a new, multi-million ounce exploration potential, gold district in Bayankhongor province.Steppe Gold acquired the highly prospective Uudam Khundii gold project in 2017, in partnership with the Province of Bayankhongor, and has been conducting exploration work since the acquisition. With these new agreements announced today,...
2022-10-04 8:22 AM EDT
CORRECTION FROM SOURCE: Steppe Gold Announces Gold Prepayment Facility
This document corrects and replaces in its entirety the previous release that was issued by Steppe Gold Limited earlier today, where it should have read, "The Triple Flag Gold Prepay Facility will be repaid over 6 months starting December 23, 2022 by six monthly deliveries of 500 oz of gold for a total of 3,000 oz." instead of "December 23, 2023." The corrected release is found below and all other content within this release is unchanged:Ulaanbaatar, Mongolia--(Newsfile Corp. - September 29, 2022)...
2022-09-29 11:01 AM EDT
Steppe Gold Announces Gold Prepayment Facility
Ulaanbaatar, Mongolia--(Newsfile Corp. - September 29, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to announce that it has entered into an agreement with Triple Flag International Ltd ("Triple Flag") for a short-term gold prepay facility (the "Triple Flag Gold Prepay Facility").One of the consequences of the zero covid policy in China and the attendant China/Mongolia border closures has been a shortage of available US dollars with banks in Mongolia....
2022-09-29 8:45 AM EDT
Steppe Gold Reports Accelerating Progress on Phase 2 Expansion
Ulaanbaatar, Mongolia--(Newsfile Corp. - August 30, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is extremely pleased to report two major milestones on its Phase 2 Expansion at the ATO Gold Mine.Highlights:Power Update - Approval has been received from government agencies to provide grid power to the ATO Phase 2 Expansion. This landmark agreement will drive significant energy savings and will be a key infrastructure benefit for the ATO Gold Mine and...
2022-08-30 8:50 AM EDT
Steppe Gold Announces Q2 2022 Financial Results and July Production Update
Ulaanbaatar, Mongolia--(Newsfile Corp. - August 15, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to announce its financial results for the three months ended June 30, 2022.Second Quarter Highlights (all figures in US$000's unless stated otherwise)Revenue for the three months ended June 30, 2022, was $17,237 on sales of 8,907 gold ounces and 717 silver ounces with average realized prices per ounce of $1,933 and $22 respectively.Operating income from mine...
2022-08-15 5:00 PM EDT
Steppe Gold Announces Results of Annual General and Special Meeting of Shareholders
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 4, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) ("Steppe Gold" or the "Company") is pleased to report the results of its 2022 Annual General and Special Meeting of Shareholders held on June 30, 2022 in Ulaanbaatar, Mongolia. A total of 35,544,144 common shares were voted at the meeting representing 51.10% of the votes attached to all outstanding shares.Election of DirectorsDetailed results from the election of directors are set out below:
2022-07-04 8:10 PM EDT
Steppe Gold Clarifies Disclosure
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 4, 2022) - Steppe Gold Ltd. (TSX: STGO) ("Steppe Gold" or the "Company") announces that, as a result of a review by Staff of the Ontario Securities Commission, the Company is issuing the following news release to clarify the disclosure regarding the certificates and applicable consents of qualified persons related to each of David Morgan, Dan V. Michaelsen and Ochirkhuyag Baatar in connection with the NI 43-101 Technical Report - Feasibility Study for the Altan...
2022-07-04 8:00 PM EDT
Steppe Gold Announces Second Quarter Operations Update
Ulaanbaatar, Mongolia--(Newsfile Corp. - June 27, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to provide a further operations update.With one more pour to come on June 30, gold production for the month is expected to be around 3,200 oz, bringing total production for the second quarter to approximately 10,400 oz. The Mongolian government is currently paying a 5% premium for gold and this will ensure an...
2022-06-27 8:45 AM EDT
Steppe Gold Announces Operations Update for May
Ulaanbaatar, Mongolia--(Newsfile Corp. - June 1, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is extremely pleased to provide an operations update for May 2022.May gold production showed a continued ramp up from April with another two gold pours in May for a total of approximately 3,800 oz Au (March 2022, 1,532 oz; April 2022, 3,370 oz).The Company is also pleased to confirm it has received three reagent shipments in May as...
2022-06-01 9:00 AM EDT
Steppe Gold Announces Q1 2022 Financial Results
Ulaanbaatar, Mongolia--(Newsfile Corp. - May 16, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to announce its financial results for the three months ended March 31, 2022, following recent positive operational updates.First Quarter Highlights (all figures in US$000's unless stated otherwise)Revenue for the three months ended March 31, 2022, was $5,457 on sales of 2,893 gold ounces and 248 silver ounces with average realized prices per ounce of $1,850 and...
2022-05-16 8:45 AM EDT
Steppe Gold Announces Operations Update for April
Ulaanbaatar, Mongolia--(Newsfile Corp. - May 4, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is extremely pleased to provide an operations update for April 2022.Steppe Gold continues its ramp up of production following the recent restart in March and can report that gold production in 2 pours in April totalled approximately 3,350 oz (March 2022, 1,532 oz).Reagent shipments continued uninterrupted in April and the process of restocking the reagent storage facility is...
2022-05-04 12:21 PM EDT
Steppe Gold Discovers Multiple High Grade Zinc Zones Below ATO Gold Deposits
Ulaanbaatar, Mongolia--(Newsfile Corp. - April 25, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is extremely pleased to announce the following exploration drilling update at its 100%-owned Altan Tsagaan Ovoo ("ATO") project.While we continue to ramp up production of gold and silver from the oxide ores at ATO, the Company maintained exploration activity in late 2021, focused on extensional and step-out targets. Results are now available, and this underscores the long held...
2022-04-25 7:26 AM EDT
Steppe Gold Announces Maiden Gold Pour and Sale as Ramp-Up and Inventory Build-Up Continues
Ulaanbaatar, Mongolia--(Newsfile Corp. - April 6, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is extremely pleased to provide an operations update.Following the March 1 announcement regarding the resumption of production, Steppe Gold has completed its first gold pour and the subsequent sale was concluded in late March. The gold pour was 1,532 ounces of gold with gross proceeds of US$2.93m. Going forward, Steppe looks forward to regularly updating the...
2022-04-06 7:29 AM EDT
Steppe Gold Announces Resumption of Gold and Silver Production
Ulaanbaatar, Mongolia--(Newsfile Corp. - March 1, 2022) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is extremely pleased to announce that it has received a new shipment of key reagents and has now resumed full production. Throughout 2021, Steppe Gold faced significant reagent supply issues related to COVID lockdowns and border closures, notably with China. Having explored numerous supply alternatives, the Company has now secured new supplies and has recommenced heap...
2022-03-01 9:23 AM EST