Steppe Gold achieves significant milestone as it completes Boroo Gold acquisition

Proactive - Interviews for investors

Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) chief financial officer Jeremy South tells Proactive's Stephen Gunnion that the acquisition of Boree Gold in Mongolia marks a significant milestone in their journey to becoming a major gold producer in the region. South highlighted the immediate accretive cash flow impact, noting that combined mine production is expected to reach 80,000 to 90,000 ounces annually, with projections of 140,000 to 150,000 ounces by 2026. "It's very exciting times for us, you know, to have the deal closed and be able to have those two cash-flowing assets and a very exciting expansion underway at our ATO Project," South mentioned. He further detailed the financial structuring, emphasizing the opportunity to reduce costs and leverage the gold price more effectively. With $150 million in project financing in place, South discussed plans to enhance exploration both organically and inorganically, focusing on satellite deposits and significant upside at the ATO project. Finally, South addressed future goals, including executing on ATO Phase 2, increasing production, and pursuing M&A opportunities to achieve 5 million ounces of reserves within the next couple of years. "This acquisition is really about three things: it's about cash flow, a better reserve position, and exploration upside," he stated. Don't miss out on more insights from Steppe Gold Ltd by visiting Proactive's YouTube channel. Give this video a like, subscribe to our channel, and enable notifications for future content. #SteppeGold #JeremySouth #MongoliaMining #GoldProduction #MiningIndustry #ATOProject #GoldExploration #ProjectFinancing #ProactiveInvestors #MiningNews #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews