This note replaces and corrects figures in our note on Steppe published 17th July 2023, which contained presentational errors in the Financial Statement Summary on page 3.Steppe Gold (“Steppe”) has announced that it has agreed a binding term sheet for up to US$150m to fund the development of the Phase 2 Expansion of the ATO Gold Mine in Mongolia. This will extend the life of the mine by 12 years to 2036 with average annual production of 103koz on a gold equivalent basis with a total of 1.237Moz ....
17 Jul 2023
Steppe Gold: US$150m binding term sheet agreed for Phase 2 - Corrected
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Steppe Gold: US$150m binding term sheet agreed for Phase 2 - Corrected
This note replaces and corrects figures in our note on Steppe published 17th July 2023, which contained presentational errors in the Financial Statement Summary on page 3.Steppe Gold (“Steppe”) has announced that it has agreed a binding term sheet for up to US$150m to fund the development of the Phase 2 Expansion of the ATO Gold Mine in Mongolia. This will extend the life of the mine by 12 years to 2036 with average annual production of 103koz on a gold equivalent basis with a total of 1.237Moz ....