Steppe Gold is Mongolia’s premier precious metals company, that has been rapidly forging ahead with its growth potential. We commenced production in 2020 from the ATO Gold Mine, Phase 1 oxide zone, comprising 160k oz Au. The Company recently updated its ATO Phase 2 expansion project to approximately ~103,000 ounces of gold per annum, with a 12 year mine life, for a total of 14 years to 2036 at AISC of US ~$850.
We have successfully secured an impressive USD $150M project financing for our Phase 2 Expansion – this is a major de-risking milestone for our company while ensuring minimal equity dilution. Steppe has also recently closed the acquisition of one of the world's highest grade gold oxide deposits in Peru, and has completed a $12.1M upsized private placement (at a premium to the market) with the participation of Eric Sprott and Steppe management.
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