Steppe Gold Ltd. (TSX: STGO) has announced that the company’s CEO Bataa Tumur-Ochir will also assume the role of Chairman, effective immediately.
Mr Bataa Tumur-Ochir is a founding Director of Steppe Gold and he has led the company as CEO since December 2019. He is also now the largest shareholder of the company, on a partially diluted basis.
He has been instrumental in the management and growth of the company since listing, guiding the ATO Gold Mine from a greenfield site on the Mongolian steppe to a modern and international standard gold mine in Mongolia today, now in its fourth year of production.
Matthew Wood, retiring Chairman of the company, will remain in the role of a Non-Executive Director and will continue to act as an advisor to the Board.
“I am excited to take on the role of Chairman as we embark on an exciting period for Steppe Gold. Completion of financing for our Phase 2 Expansion is our top priority and advancing the dual listing on the Hong Kong Stock Exchange,” Mr Bataa Tumur-Ochir commented.
“We expect that these projects will be transformative for our Company. We are a proud Mongolian company and I want to thank all of our stakeholders and partners who have shown us great support in recent years. We want to be at the forefront of fulfilling the great promise of homegrown Mongolian mining companies on the world stage.”
For further information please visit: https://steppegold.com
