Steppe Gold Ltd (OTCMKTS: STPGF) is a gold mining company focused on the development, operation and exploration of gold projects in Mongolia. The company’s flagship asset is the Altan Tsaagan Ovoo (ATO) heap leach open‐pit gold mine, located in the Khovd province of western Mongolia. Through a low‐cost mining and processing operation, Steppe Gold produces gold doré bars and pursues near‐term production growth through optimization and resource expansion at its existing sites.
The ATO mine commenced commercial production in late 2020 and has since ramped up throughput on its heap leach pads. In addition to ATO, Steppe Gold holds a portfolio of exploration licenses in the region, including targets adjacent to the main deposit that have shown promising drill results. The company’s technical team employs conventional open‐pit mining methods and cyanide heap leaching to extract gold from oxide ore, with a focus on operational efficiency and environmental stewardship.
Founded in 2014 and dual-listed on the Australian Securities Exchange (ASX) and the London Stock Exchange’s AIM market, Steppe Gold is headquartered in Vancouver, Canada, with a regional office in Ulaanbaatar, Mongolia. The company pursues a disciplined approach to capital allocation, balancing production growth with exploration upside across its Mongolian tenure. Steppe Gold also engages local communities and stakeholders to support sustainable development in its areas of operation.
Steppe Gold’s leadership team is led by Founder and Chief Executive Officer Patrick Evans, who brings extensive experience in Mongolian mining and corporate governance. The company’s board and management combine technical expertise with international finance and sustainability practices, aiming to deliver long-term value for shareholders while expanding its footprint in one of Asia’s emerging gold districts.
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