STPGF - Steppe Gold announces third quarter financials as company accelerates Phase 2 expansion

(NewsDirect)

Steppe Gold chief financial officer JeremySouth joined Steve Darling from Proactive to share the company'sfinancial results and ongoing initiatives.

The company continues to perform well, with revenue amounting to$15,765 for the quarter, driven by the sale of 7,920 gold ounces and23,845 silver ounces.

Over thecourse of the three and nine month-periods, 261,696 and 481,559 tonnesof ore were mined, while 247,046 and 705,400 tonnes of ore werestacked on the leach pad, respectively. These ore samples boasted anaverage gold grade of 0.72 g/t and 0.86 g/t, as well as an averagesilver grade of 6.03 g/t and 5.17 g/t, respectively.

South emphasized that Steppe Gold remainshighly focused on its engineering, procurement, and constructionarrangements for the Phase 2 Expansion. The construction andinstallation of the new fixed crushing unit are expected to becompleted by the fourth quarter of 2023.

The company has also finalized the camp design and initiated thedesign phase for major capital expenditure work.

In addition to its ongoing expansionefforts, Steppe Gold is actively exploring partnership opportunitiesto advance its two earlier-stage projects.

The company continues to assess itsexploration efforts, aligning its strategic objectives to drive growthand capitalize on opportunities in the mining sector.

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Proactive Canada

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