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Steppe Gold ( (TSE:STGO) ) has provided an update.
Steppe Gold Ltd. announced its 2024 financial results, highlighting a record production of 88,347 ounces of gold and 93,837 ounces of silver. The integration of Boroo Gold’s operations has been pivotal, reducing overhead costs and streamlining management. The company aims to capitalize on strong gold prices by restructuring debt, increasing mining capacity, and advancing the Phase 2 Expansion of the ATO Mine. The acquisition of Boroo Gold has accelerated Steppe Gold’s growth, providing strong cash flow to support future expansion plans.
More about Steppe Gold
Steppe Gold Ltd. operates in the mining industry, focusing on gold and silver production. The company has expanded its operations by integrating Boroo Gold LLC’s mines, enhancing its position as a multi-asset Mongolia-focused mining group.
YTD Price Performance: 15.47%
Average Trading Volume: 27,081
Technical Sentiment Signal: Hold
Current Market Cap: $125.4M
See more data about STGO stock on TipRanks’ Stock Analysis page.