Meeting Overview The meeting was a live investment summit hosted by Stepgold, featuring presentations from the company's leadership team. The discussion focused on the company's financial performance in the past year, projections for the current year, and strategic plans for growth and exploration. Key Discussion Points - Overview of Stepgold's financial highlights for the previous year, including gold production and sales revenue. - Discussion of the factors contributing to positive cash flow, including gold production commencement and favorable market conditions. - Forecast for 2021, projecting gold and silver production and revenue generation. - Plans for exploration programs and potential acquisitions. - Significant milestones for the year, including financing and construction of Phase 2 of the ATO mine. - Updates on resource estimates and equipment purchases to enhance production capacity. - Plans for listing on the Mongolian Stock Exchange and engaging more stakeholders. Decis...
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.
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.
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.
Replay transcript excerpt
Speaker 1: Hello, everyone. Welcome to Stepgold's live investment summit today, hosted by 6. We're joined today by Fatah Tumur Osher, President and CEO of Stepgold, Speaker 1: Jeremy South, the company's Senior Vice President and CFO, as well as Anil Warach, their Executive Vice President. The team will walk us through a company presentation, and after, our presenters will be accepting questions. You can submit your questions using the Q&A panel found on the right-hand side of your screen. As always, this summit is being recorded and will be available to watch afterwards on six.com. Speaker 1: Now without further ado, I'll hand it over to Bata to kick things off. Speaker 2: Thank you and thank you, Arun, for this. Speaker 2: I'll quickly go through the highlights of last year and plans for this year. Speaker 2: 2020 wasn't an easy year, but it was an excellent and transformational Speaker 2: year for StepGolf. Speaker 2: Since April last year, Step has produced over 33, 154 Speaker 2: ounces of golf, Speaker 2: 5, 563 Speaker 2: kilo, Speaker 2: and Speaker 2: made $52 million in sales revenue. Speaker 2: Total cash flow for the last 12 months was Speaker 2: about Speaker 2: $82.5 Speaker 2: million, Speaker 2: that's including equity raise and both of our debt. Speaker 2: Total costs for the last 12 months were Speaker 2: $48.8 Speaker 2: million and the company closed the year with positive $32.6 Speaker 2: million in the bank. It's a huge increase compared to 2019 where we had only 650 Speaker 2: grand in the bank. So the Speaker 2: main factors for the positive cash flows Speaker 2: were number 1 would Speaker 2: be we commenced the gold production Speaker 2: and the average gold price was 1800 US dollars. Speaker 2: We've estimated the price as 1300 when we Spea...
