skip to Main Content
 

Steppe Gold: Mongolia’s premier precious metals company

*

Steppe Gold (TSX:STGO) is Mongolia's premier precious metals company. It is projected to produce around 50,000 ounces of gold per year from its Phase 1 heap leach operation at its ATO gold mine. It is also looking at a Phase 2 expansion which could double the annual production over the first five years. This is from the development of fresh rock ores.

We recently caught up with the management team at the Swiss Mining Institute conference in Zurich, hosted by Bally Capital. They said Mongolia remains a very favourable jurisdiction from a mining perspective - e.g. Rio Tinto certainly thinks so too, committing $5bn to its 100% owned Oyu Tolgoi project.

Steppe Gold's Altan Tsagaan Ovoo - ATO - gold mine is worth a look for the seasoned gold mining investor. It recently got the nod for grid power to its Phase 2 expansion from the government. This will reduce expected cash costs by well in excess of $100/oz for Phase 2.


Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.

Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.

Free 28 day trial. Cancel anytime.


Log In or Sign Up to Armchair Trader+

Already a member? Log in here:


Not a member yet? Sign up for your free trial or check out the benefits of membership.

Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.

Like this article? Sign up to our free newsletter.

This article does not constitute investment advice. Do your own research or consult a professional advisor.

The Armchair Trader's 'How to' Guides

In-depth Reports

Detailed reviews of selected companies and investment trusts.

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
FP Markets
IG
Pepperstone
WisdomTree
CME Group
Back To Top