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Meeting Overview The meeting focused on providing updates regarding Stepgold's half-year company results, outlining its operational achievements, and discussing future plans for growth and exploration. Key highlights included the commencement of commercial gold production and the company's strategic initiatives to increase mining rates and resource estimates. Key Discussion Points - Update on Stepgold's half-year results and operational status amid COVID-19. - Significant milestones achieved, including the commencement of gold production and the first gold sale to the Central Bank of Mongolia. - Plans for the next six months, including exploration drilling programs and resource estimates for the ATO gold mine and Munk Discovery. - Introduction of night shift mining to increase monthly mining rates from 100,000 to 150,000 tons. - Overview of the company's capital structure and recent investments, including a significant investment from Eric Sprott. - Emphasis on local workforce engag...
Executive VP & Director at Steppe Gold
Aneel is EVP and Director of Steppe Gold, and a ï¬nancial services professional with 15 years of progressive experience in capital markets having worked on over $1B in deals. He is the founder of ATMA Capital Markets, focusing on advising public and private companies in the Natural Resources sector. Aneel holds an MBA from the Goodman Institute of Investment Management at John Molson School of Business.
Senior Vice President and Chief Financial Officer at Steppe Gold
Jeremy was a director of Steppe Gold from March 2017 until his appointment as CFO in July 2018. He has over 35 years of experience in M&A, including senior positions in investment banking at Deutsche Bank, NatWest Markets and Deloitte. He also has over 11 years of experience working in Mongolia. Jeremy is a Chartered Accountant and holds a Bachelor of Economics degree from Monash University (Australia). He holds the ICD.D designation as a graduate of the Institute of Corporate Directors.
Speaker 1: Hi everyone, thank you for joining us. We're going to begin today with a short corporate video. Speaker 2: Thank you for watching this video. My name is Batatomuricir. Speaker 2: I am the CEO and President of Stepgold. Speaker 2: On behalf of Stepgold, I would like to update you on the half-year company results and share our plans for the next 6 months. Speaker 2: Despite COVID-19 Speaker 2: travel restrictions and border closing, Stepgold is continuing its operations Speaker 2: without any material changes affecting the company. Speaker 2: In the 1st half of the year, the company has achieved Speaker 2: several significant milestones Speaker 2: and advanced further towards achieving our goal of becoming the largest and premier gold producer in Mongolia. Speaker 2: Step Gold is the 1st and only mining company to attract investment Speaker 2: from the Mongolian National Investment Fund and significant investment from local Mongolian financial institutions. Speaker 2: 4 months ago, the company commenced gold production and closed its 1st gold sale with the Central Bank of Mongolia. Speaker 2: Gold production plays a vital role in the Mongolian economy and the company receives an excellent support from the Mongolian government bodies at all levels. Speaker 2: Step Gold has produced more than 15, 000 ounces of gold and now we're happy to announce the commencement of commercial gold production. Speaker 2: As of today the company has over 700, 000 tons of ore on the leach pad and further 180 tons of ore on their own pad. Speaker 2: For the next 6 months we will continue our exploration drilling programs to increase and update our current resources on the ATO gold mine and also we will announce initial resource estimates on Munk Discovery. Speaker 2: Starting thi...