SURFACE

Steppe runs ahead with gold production at ATO

Steppe Gold has taken the step over from developer to producer with the commencement of gold and silver production at the Altan Tsagaan Ovoo (ATO) project in eastern Mongolia

 ATO is located in the territory of Tsagaan Ovoo soum in Dornod province, Mongolia

ATO is located in the territory of Tsagaan Ovoo soum in Dornod province, Mongolia

Officials said the mine has now mined, crushed and stacked about 533,000t at Cell1 of the leach pad, equating to about 24,000oz of leachable gold. It is on track to produce 60,000oz this year from its heap leach operations.

With commercial production now started at ATO, Steppe's focus will use positive cash flows for open-pit and processing facilities expansion work. It has targeted ramping up to 150,000oz per year.

Bataa Tumur-Ochir, CEO and president of Steppe Gold, said it has received a lot of support in its efforts to make the transition to gold producer.

"The gold production at the ATO…is vital to Mongolia in these challenging and uncertain times. The company continues to provide jobs and sustainable economic development in the local region and Mongolia," he added.

Steppe wholly owns ATO, which is located in the territory of Tsagaan Ovoo in Dornod province.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions