Steppe Gold (“Steppe”), which operates the ATO and Boroo mines in Mongolia has announced production and financials for Q2 and issued guidance for H2’24. The period was before the completion of the merger with Boroo, therefore the results relate only to the ATO mine. Production from ATO was in line with our expectation at 4koz. Dulguun Erdenebaatar was appointed to the board as agreed with the Boroo share exchange agreement. Production in H2 is guided to be 30koz-35koz from the combined operation ....

19 Aug 2024
Steppe Gold: Q2 production in line, H2 post-merger guidance issued

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Steppe Gold: Q2 production in line, H2 post-merger guidance issued
Steppe Gold (“Steppe”), which operates the ATO and Boroo mines in Mongolia has announced production and financials for Q2 and issued guidance for H2’24. The period was before the completion of the merger with Boroo, therefore the results relate only to the ATO mine. Production from ATO was in line with our expectation at 4koz. Dulguun Erdenebaatar was appointed to the board as agreed with the Boroo share exchange agreement. Production in H2 is guided to be 30koz-35koz from the combined operation ....