Business
Steppe Gold Announces Leadership Transition
Ulaanbaatar, Mongolia--(Newsfile Corp. - December 17, 2025) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company...
About this update from Steppe Gold Ltd.
[{"type":"text","content":"Ulaanbaatar, Mongolia--(Newsfile Corp. - December 17, 2025) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") announces that Mr. Bataa Tumur-Ochir has resigned from his roles as Chairman of the board of directors (the "Board") and Chief Executive Officer ("CEO") of the Company, effective immediately.","length":381,"tagName":"p"},{"type":"text","content":"Dulguun Erdenebaatar has been appointed Chairman of the Board, and Tserenbadam Dugeree has been appointed CEO.","length":110,"tagName":"p"},{"type":"text","content":"Mr Erdenebaatar is the CEO of Boroo Pte Ltd. and has led the group in its recent growth phase. The Board believes Mr. Erdenebaatar's extensive leadership experience and deep understanding of Mongolia's mining and regulatory environment will strengthen the Company's governance and long-term strategic execution. His appointment will support Steppe Gold's focus on sustainable growth, disciplined capital allocation, and enhanced shareholder value.","length":463,"tagName":"p"},{"type":"text","content":"Mr Dugeree already leads the in-country operations team at Steppe Gold. He brings a proven track record in Mongolia, showing strategic leadership and operational excellence in his prior roles. He has deep experience scaling mining groups, building high-performing teams, and forging strong partnerships.","length":303,"tagName":"p"},{"type":"text","content":"Steppe Gold views this leadership transition as an opportunity to build on Steppe Gold's strong foundation and accelerate its next phase of growth.","length":151,"tagName":"p"},{"type":"text","content":"Given that the new Chairman represents the Company's major shareholder, Boroo Pte Ltd., the Board intends to appoint an independent lead director to assume the duties of the Chairman as and when required to address any actual or potential conflicts of interest. This appointment will also provide independent oversight and reinforce the Company's commitment to strong governance standards.","length":397,"tagName":"p"},{"type":"text","content":"Mr. Tumur-Ochir has advised the Board that his decision was made after careful consideration and is not the result of any disagreement with the Board, management, or shareholders of the Company. He will remain a significant long-...