Steppe Gold is Mongolia’s premier precious metals company and Asia’s newest gold producer. We started production in 2020, and are now projected to produce over 100k ounces of gold in 2022 and 2023, from our 100% owned flagship asset, the ATO Gold Mine at industry leading costs in the $700 per ounce range.
In 2021, Steppe doubled its resources to close to 2.45M Au Eq oz, released robust Feasibility Study results that added another 10.5 years of mine life at double the current production profile, launched its Phase 2 infrastructure plans, secured a landmark US $65 million financing package and was awarded Mongolia Bloomberg’s 2021 Development of the Year.
Our story starts in 2016, laying the groundwork for local confidence in our vision and by 2018 we were able to successfully raise $25 million and list on the mainboard of the Toronto Stock Exchange.
Steppe Gold is proudly Mongolian: a success story in a modern, investment-friendly jurisdiction that starts with our team.
With strong social licence, recognition from leading institutional investors and the robust foundation laid in 2021 resulting in paid-for inventory and healthy cashflow, 2022 promises to be an exciting and highly-productive year for Steppe Gold. And we will continue to unlock our potential across all of our licences in Mongolia, while seeking out new opportunities.
Steppe Gold… An Action-Packed Expansion Story to Watch!