Steppe Gold (TSX:STGO) - Funded, Diversified, Operating Au Growth
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Show Notes
Interview with Aneel Waraich, Exec. VP of Steppe Gold (TSX:STGO)
Steppe Gold, the leading precious metals firm in Mongolia, initiated production in 2020, and it's predicted to generate 160,000oz of gold from the currently active oxide zone in its wholly-owned, principal ATO Gold Mine. The company recently revised its ATO Phase 2 enlargement project to approximately 103,000oz of gold, which includes a 12-year mining lifecycle, leading to a total duration of 14 years until 2036, at an AISC of roughly US $850.
As part of its growth strategies, Steppe Gold has entered into a definitive agreement to purchase Anacortes Mining. This acquisition will catalyze Steppe Gold's evolution into a diverse asset, multi-jurisdictional gold corporation with existing production and developing projects in both Mongolia and Peru - two of the world's most promising yet largely unexplored gold provinces. The newly amalgamated entity is projected to have a potential development profile of over 200,000oz and a gold resource base surpassing 4.5Moz.