Steppe Gold (“Steppe”) has announced that the company has now drawn a total of US$50m from the US$150m funding package agreed in October 2023 for the development of the Phase 2 expansion of the ATO Mine in Mongolia, with a number of long lead time items ordered. Management changes have also been announced with Aneel Waraich stepping down as a director and EVP, and Greg Wood stepping down as COO. Steppe also announced its Q4 production of 7.2koz Au, taking gold production for the year to 27koz; i ....
10 Apr 2024
Steppe Gold: Management changes, funding drawn for ATO phase 2
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Steppe Gold: Management changes, funding drawn for ATO phase 2
Steppe Gold (“Steppe”) has announced that the company has now drawn a total of US$50m from the US$150m funding package agreed in October 2023 for the development of the Phase 2 expansion of the ATO Mine in Mongolia, with a number of long lead time items ordered. Management changes have also been announced with Aneel Waraich stepping down as a director and EVP, and Greg Wood stepping down as COO. Steppe also announced its Q4 production of 7.2koz Au, taking gold production for the year to 27koz; i ....