Steppe Gold (“Steppe”, “STGO”) has announced the resumption of full gold production from its oxide heap leach operations at the ATO project in Mongolia, having encountered Covid-related issues in securing reagent imports since November 2020. We view the restart of production as a major catalyst for the stock, reducing the residual uncertainty over the funding of ATO’s Phase 2 sulphide expansion which will continue to progress over the coming months. Based on current spot gold (~US$1,940/oz) we e ....
02 Mar 2022
Steppe Gold: Reagents secured and stockpile primed for cash flow generation as leach operations resume
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Steppe Gold: Reagents secured and stockpile primed for cash flow generation as leach operations resume
Steppe Gold Ltd. (STGO:TSE) | 0 0 0.0%
- Published:
02 Mar 2022 -
Author:
Roger Bell | Ryan Hampton -
Pages:
15
Steppe Gold (“Steppe”, “STGO”) has announced the resumption of full gold production from its oxide heap leach operations at the ATO project in Mongolia, having encountered Covid-related issues in securing reagent imports since November 2020. We view the restart of production as a major catalyst for the stock, reducing the residual uncertainty over the funding of ATO’s Phase 2 sulphide expansion which will continue to progress over the coming months. Based on current spot gold (~US$1,940/oz) we e ....