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STPGF / Steppe Gold $150M financing for ATO Mine expansion a ‘significant' positive and de-risking event

Steppe Gold $150M financing for ATO Mine expansion a ‘significant' positive and de-risking event
Analysts at Hannam & Partners believe Steppe Gold shares currently have 248% upside potential after the miner announced it has secured US$150 million for the Phase 2 expansion of its ATO Gold Mine in Mongolia. As noted by the analysts, the expansion will extend the life of the mine by 12 years to 2036 with an average annual production of 103,000 ounces on a gold equivalent basis, a total of 1.237 million ounces on a gold equivalent basis recovered, and expanded production in 2025. Read More
Posted: Jul 17 2023, 12:12
Author Name: Proactive Investors
Views: 080821

STPGF News  

Steppe Gold passes 100,000 ounce gold production threshold at ATO

By Proactive Investors
October 23, 2023

Steppe Gold passes 100,000 ounce gold production threshold at ATO

Steppe Gold Limited has passed the 100,000 ounce production threshold at its ATO gold mine in Mongolia. The company is in the process of increasing an more_horizontal

Steppe Gold starts to drawn down on its US$150mln financing package for ATO expansion

By Proactive Investors
October 16, 2023

Steppe Gold starts to drawn down on its US$150mln financing package for ATO expansion

Steppe Gold has drawn down US$9.6m from a US$150mln financing package that's in place to allow for the construction and development of Phase 2 expansi more_horizontal

Steppe Gold Ltd to Present at the Emerging Growth Conference on September 7, 2023

By Newsfile Corp
September 6, 2023

Steppe Gold Ltd to Present at the Emerging Growth Conference on September 7, 2023

Steppe Gold Ltd. invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation at more_horizontal

Steppe Gold confirms robust economics of newly acquired Peru oxide gold project with updated PEA

By Proactive Investors
August 24, 2023

Steppe Gold confirms robust economics of newly acquired Peru oxide gold project with updated PEA

Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) has confirmed the robust economics of its recently acquired Tres Cruces oxide gold project located in Peru wit more_horizontal

Steppe Gold says inaugural ESG Report marks commitment to social responsibility

By Proactive Investors
August 24, 2023

Steppe Gold says inaugural ESG Report marks commitment to social responsibility

Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) has released its inaugural Environmental, Social and Governance (ESG) Report, marking its first annual disclos more_horizontal

Steppe Gold says updated PEA reveals “great potential

By Proactive Investors
August 22, 2023

Steppe Gold says updated PEA reveals “great potential" for Tres Cruces project in Peru

Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) told investors its Tres Cruces oxide gold project in Peru shows great potential as a new production zone for t more_horizontal

Steppe Gold stock price poised for big gains after 2Q results: analysts

By Proactive Investors
August 15, 2023

Steppe Gold stock price poised for big gains after 2Q results: analysts

Hannam & Partners analysts believe the main catalysts for Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF)'s stock price should be the start of developing t more_horizontal

Steppe Gold ends 2Q with strong balance sheet to support expansion into Peru

By Proactive Investors
August 14, 2023

Steppe Gold ends 2Q with strong balance sheet to support expansion into Peru

Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) delivered strong 2Q financial results to support the gold producer in its diversification into Peru. Revenue d more_horizontal


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