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Steppe Gold reveals 'good ramp-up of production' with C$19.5 million in 2Q sales

Steppe Gold Ltd (TSE:STGO) CFO Jeremy South tells Proactive the Mongolia-focused precious metals producer is seeing good cashflow from its flagship ATO mine in the country as it posted second quarter results, which showed strong output from the asset.

South says the firm sold 12,458 gold ounces and 3,728 silver ounces in the period with average realized prices per ounce of US$1,714 and US$15 respectively, making the firm C$19.5 million in sales. He adds with a strong level of cashflow, they group is ready to hit more milestones.

Quick facts: Steppe Gold Limited

Price: 2.04 CAD

TSX:STGO
Market: TSX
Market Cap: $140.43 m
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Steppe Gold announces strong 3rd quarter financial numbers including...

Steppe Gold (TSE: STGO) Senior Vice President and CFO Jeremy South joined Steve Darling from Proactive with news the company has put out their Q3 financials that saw revenue for the quarter was $19,360 on 11,352 gold ounces and 6,553 silver ounces sold. South talks more about the numbers...

1 week, 5 days ago

2 min read