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Steppe Gold focused on Phase 2 expansion preparations in Mongolia as production makes slow start in 2021
In the three months to March 31, the company mined 179,130 tonnes versus 291,455 tonnes in the previous quarter to December 31, 2020 The miner is targeting annual production in 2021 and 2022 of 50,000 ounces and then to transition to the fresh rock ores in 2023
Steppe Gold Limited (TSE:STGO) (OTCQX:STPGF) (FRA:2J9) said COVID-19 challenges and the cold weather impacted output in its first quarter at its flagship Mongolia gold mine but that the feasibility study into expanding the project remains on track to be finalized this summer.
In the three months to March 31, the company mined 179,130 tonnes versus 291,455 tonnes in the previous quarter to December 31, 2020.
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