Steppe Gold (TSE:STGO) has released an update.
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Steppe Gold Ltd. shareholders have given a resounding 99% approval for the acquisition of Boroo Gold LLC, a strategic move that positions Steppe Gold as Mongolia’s largest primary gold producer upon the deal’s expected completion on July 16, 2024. This acquisition promises to significantly increase gold production, enhance financial strength with robust cash flows, and offer cost savings and exploration potential, while allowing Steppe Gold to focus more on its Mongolian operations.
For further insights into TSE:STGO stock, check out TipRanks’ Stock Analysis page.
