The Assay TV meets with Bataa Tumur-Ochir, chairman and CEO of Steppe Gold (TSX: STGO), Mongolia’s premier precious metals company. The company recently announced that its shareholders approved the Boroo Gold acquisition with 99% support.
Bataa explains that the deal positions Steppe Gold to become a major force in the fast-growing Mongolian gold sector. Upon completion of the transaction, the company will be a multi-asset producer with robust cash flow, exciting exploration prospects, and a team of talented professionals poised to propel growth.
Importantly, the transaction increases optionality for the financing for the ATO Gold Mine Phase 2 expansion and potential future acquisitions throughout Mongolia.
Website: steppegold.com
Primary ticker: TSX:STGO, OTCQX:STPGF
Stage of development: Exploration, Development, Production
Commodity: Gold
Project to promote: ATO Gold Mine
Project location: Mongolia
