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Steppe Gold expects to produce 10.4Koz of gold in Mongolia in second quarter, eyes further production growth

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(Kitco News) – Mongolia-focused gold miner Steppe Gold (TSX: STGO) reported Monday that with one more pour to come on June 30, gold production for the month is expected to be around 3,200 oz, bringing total production for the second quarter to approximately 10,400 oz.

Importantly, the company said that Mongolian government is currently paying a 5% premium for gold and this will ensure an above-market achieved gold price in the quarter and strong operating cash flow for the quarter.

The company also confirmed new supplies of key reagents and consumables allowing it to build stockpiles at site.

“This in turn allows us to be more aggressive on leaching strategy, with more cells under active leach, allowing for acceleration of monthly…

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