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Steppe Gold (TSX:STGO) is Mongolia’s premier treasured metals firm. It’s projected to supply round 50,000 ounces of gold per 12 months from its Part 1 heap leach operation at its ATO gold mine. Additionally it is taking a look at a Part 2 growth which might double the annual manufacturing over the primary 5 years. That is from the event of contemporary rock ores.
We just lately caught up with the administration staff on the Swiss Mining Institute convention in Zurich, hosted by Bally Capital. They stated Mongolia stays a really beneficial jurisdiction from a mining perspective – e.g. Rio Tinto actually thinks so too, committing $5bn to its 100% owned Oyu Tolgoi mission.
Steppe Gold’s Altan Tsagaan Ovoo – ATO – gold mine is value a search for the seasoned gold mining investor. It just lately obtained the nod for grid energy to its Part 2 growth from the federal government. This can scale back anticipated money prices by effectively in extra of $100/oz for Part 2.
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