PRECIOUS METALS

Steppe Gold sees power supply cutting Mongolia cash costs

The Mongolian government’s approval for Toronto-listed Steppe Gold to receive power from the national electricity grid for its ATO gold mine will cut expected cash costs by over US$100 an ounce for the phase two expansion of the mine, Steppe Gold said.

Steppe Gold gets power

Steppe Gold gets power

Connecting the mine to the state grid power system and reducing its reliance on diesel generators for power will dramatically reduce projected energy costs by 75%, or from approximately $32 million to...

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