Meeting Summary Meeting Overview The meeting provided a Q3 update on earnings and operational progress for StepGold, featuring insights from the CEO, Batta Tumur-Oshir, and CFO, Jeremy South. Key topics included production achievements, future expansion plans, and financial performance. Key Discussion Points - Overview of StepGold's history and achievements since its IPO in 2018. - Update on the first mine's commercial production and profitability. - Plans for a second phase of expansion and feasibility study. - Exploration plans for the Budumhundi license and potential for new drilling projects. - Financial highlights from Q3, including revenue and operating cash flow. - Discussion of social responsibility initiatives and community engagement. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Release initial resource estimates for the Mung Discovery in Q1 next year. - [Unassigned] : Continue drilling programs for the Otumundi project and pr...
Mr. Bataa Tumur-Ochir is a Mongolian national that that serves as CEO and Director of Steppe Gold, responsible for new business acquisitions, development and government and community relations. He is also responsible for Steppe Gold’s daily operations in Mongolia. Bataa has over 10 years of experience in the mining industry, and is an advisor to Mongolias Ministry of Mining and Heavy Industry. He holds a Bachelor’s Degree in Business Administration and graduate certificates in international business and marketing from Australia and Singapore.
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.
Replay transcript excerpt
Speaker 1: So thank you everyone for attending our Q3 update, Speaker 1: earnings and operational update. Speaker 1: Today we're Speaker 1: from Mongolia. We have Jeremy South, our SVP and CFO Speaker 1: and Bata Tumur-Oshir, Speaker 1: our CEO and president also joining. Speaker 1: So please, Speaker 1: if you have any questions, Speaker 1: Feel free to ask them on the chat Speaker 1: and it'd be nice to, we'll be happy to answer any and all questions Speaker 1: that we can on this and Speaker 2: we would like to spend a lot of time on Q&A on this Speaker 1: update. Speaker 1: For those of you who are new to the story of Steph Gold, let's give a quick brief overview Speaker 1: before handing over to Bhatta to give an update. Speaker 1: Steph Gold listed on the TSX, the main board of TSX, Speaker 1: listed in 2018 Speaker 1: as the only main board mining IPO listing in 2018, Speaker 1: raising $25M in 2018. Speaker 1: In the last 2 years, Speaker 1: we actually built our 1st mine. Our mine is in commercial production today Speaker 1: and we've just announced our 2nd quarter Speaker 1: of production numbers and profitability Speaker 1: on that phase 1 oxide mine. In the last 2-years, Speaker 1: we've built our 1st mine. We spent time on exploration Speaker 1: in infill drilling Speaker 1: to Speaker 1: put out our resource update, which is on track for later this year. Speaker 1: We're looking forward to updating the market on how that will play out with the feasibility study just around the corner on our expansion project, going from phase 1 into phase 2, which we'll get into later as well. Speaker 1: Bottom line is we built our 1st mine when gold was $1, 250. Speaker 1: We assumed that's what the price would be when we bring it online. Speaker 1: And here we are 2 y...
