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Steppe Gold Ltd - STPGF STOCK NEWS

Welcome to our dedicated news page for Steppe Gold (Ticker: STPGF), a resource for investors and traders seeking the latest updates and insights on Steppe Gold.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Steppe Gold's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Steppe Gold's position in the market.

Rhea-AI Summary
Steppe Gold (STPGF) announces strong financial results for 2023, with revenue of $54.2 million, operating income of $31.6 million, and adjusted EBITDA of $11.3 million. The company completed key acquisitions, secured financing, and is progressing well with the Phase 2 Expansion project. The outlook includes the potential acquisition of Boroo Gold and negotiations for the sale of the Tres Cruces Project.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.86%
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News
Rhea-AI Summary
Steppe Gold (STPGF) announces the resignation of Aneel Waraich and Greg Wood, along with the issuance of common shares and cash payments to settle amounts owing. The company expresses gratitude for their contributions. The Settlement Transactions are related party transactions and were approved by the Board of Directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.43%
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none
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Rhea-AI Summary
Steppe Gold (STPGF) reaches financing milestone for Phase 2 Expansion at ATO Gold Mine, drawing down $40.4m from project finance package. The company has made significant progress with the EPC Contract, confirming total funding of $150m and commissioning planned for Q1 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.62%
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Rhea-AI Summary
Steppe Gold (STPGF) announces an amended gold prepay agreement with Triple Flag International , providing additional funds of US$5 million. The agreement includes five equal monthly deliveries of gold starting August 15, 2024. This agreement offers non-dilutive liquidity for Steppe Gold as it progresses with its acquisition of Boroo Gold.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
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Rhea-AI Summary
Steppe Gold Ltd. (STPGF) has entered into a binding term sheet to acquire all of the issued and outstanding common shares of Boroo Gold LLC in an all-share transaction, making it Mongolia's largest gold producer with an expected production of 160,000 oz per annum by 2026. The Proposed Transaction is expected to triple Steppe Gold's production over the next two years, providing increased financial strength and optionality for the Tres Cruces gold project in Peru.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
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Rhea-AI Summary
Steppe Gold Ltd. (STGO) has announced the signing of a turnkey engineering, procurement, and construction contract with Hexagon Build Engineering LLC for the Phase 2 Expansion at the ATO Gold Mine. The contract amount is approximately $148.4 million and is fully funded by a project finance package. The first concentrate production and sales from Phase 2 are anticipated in early 2026, with a fresh rock mine expansion life of 12 years. The project is expected to create approximately 300 new jobs and is fully supported by local communities and stakeholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
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Rhea-AI Summary
Steppe Gold Ltd. (STGO) has been invited to present at the Emerging Growth Conference on December 6, 2023. The live, interactive online event will allow shareholders and the investment community to interact with the Company's EVP and Director, Aneel Waraich, in real time. The presentation will take place at 02:55 PM Eastern time for 10 minutes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.46%
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conferences acquisition
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Rhea-AI Summary
Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) announces financial results for Q3 2023, featuring $15,765 revenue, 7,920 gold ounces sold, and $8,906 operating income. The acquisition of Anacortes Mining Corp. was completed, and a $150,000 financing term sheet with Trade and Development Bank of Mongolia was signed. The Company is focused on accelerating the Phase 2 Expansion at the ATO Gold Mine and exploring renewable energy options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.39%
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Rhea-AI Summary
Steppe Gold Limited provides an operations update, announcing that the ATO Gold Mine production has surpassed 100,000 oz, with gross revenue of $188M and royalties and taxes paid to the Mongolian treasury of approximately $13M. The company plans to increase its annual production from approximately 30koz in 2023 and 2024 to over 100koz Au Eq from the end of 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.23%
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Rhea-AI Summary
Steppe Gold provides update on Phase 2 expansion
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
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Steppe Gold Ltd

OTC:STPGF

STPGF Rankings

STPGF Stock Data

52.27M
79.41M
29.35%
6.52%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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Mongolia
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