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Steppe Gold to Acquire Boroo, Boosting Production
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Steppe Gold to Acquire Boroo, Boosting Production

Steppe Gold Ltd. (TSE:STGO) has released an update.

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Steppe Gold Ltd. announces a strategic move to become Mongolia’s top gold producer by acquiring Boroo Gold through a share exchange, while also selling the Tres Cruces Oxide Project for CAD$12 million. The acquisition is expected to deliver immediate, robust cash flows, with Boroo Gold projecting consistent gold production and a history of strong community contributions in Mongolia. The combined operations are set to boost Steppe Gold’s annual gold output to an estimated 150,000 ounces by 2026.

For further insights into TSE:STGO stock, check out TipRanks’ Stock Analysis page.

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