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 the Ontario...
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 viewed on the Company's website at www.steppegold.com...
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...
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...
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 approximately 400,000 tonnes of ore on the leach...
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 economic growth...
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 exploration and development of the...
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...
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 common shares of Steppe, at a price of US$0.52 per...
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 Flag...
2019-09-30 3:18 PM EDT