Steppe Gold reports smooth Boroo integration and reaffirms 2024 guidance [Video]

Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) senior vice president and chief financial officer Jeremy South joins Proactive’s Tylah Tully to discuss the company’s progress in integrating Boroo (borrow) Gold following the completion of its acquisition in August 2024.
The Mongolia-based miner announced a combined production of 17,773 ounces of gold from its two operating mines in the third quarter of 2024.
The company reaffirmed its guidance for the second half of 2024, expecting production to reach the higher end of its forecasted range of 30,000 to 35,000 ounces, with a specific target of 33,360 ounces.
Steppe Gold has also maintained its 2025 production guidance of 80,000 ounces of gold.
The company also highlighted operational efficiencies, stating that its integration teams have identified cost savings through bulk purchasing and optimisation of operations by sharing best practices.
It has secured better terms for consumables and equipment and is advancing its ATO Phase 2 Expansion by acquiring necessary long-lead items.
Steppe Gold noted the complementary skills of its combined teams as a key factor for improved performance and operational efficiency.
The company continues to focus on resource expansion near its existing mines, with plans to restart exploration at the Uudam Khundii site, and is evaluating additional mergers and acquisitions as part of its long-term growth strategy.
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