Steppe Gold (STGO), the Russia-based gold-miner, is planning to expand the operations of its Ato Gold mine by 2025, states a high-level executive.
The mine is located in the Transbaikal region of Siberia, Eastern Russia and can produce up to 200,000 ounces of gold each year. The area has been historically rich in mineral resources since the 19th century, with large deposits of copper, coal, and of course, gold.
Steppe Gold’s Ato Gold mine has had a few issues in the past with obtaining the necessary permits for its operations, but the company has persevered. It is now, finally, planning to expand Phase 2 operations and increase its gold production capacity by more than four times.
The corporate executive in charge of the mine’s operations has expressed his confidence in the company’s ability to expand its operations and there are also plans to upgrade the mine’s existing infrastructure and equipment.
The expected increase in gold production will help the region’s economy, creating employment opportunities and boosting the local community.
Steppe Gold also plans to use advanced mining techniques at the Ato Gold mine, such as heap leach and flotation technologies. These are methods that are much less invasive and damaging to the environment than traditional, more destructive methods.
The company believes this economic growth in the region will continue and is confident that the Ato Gold mine will be at the forefront of the gold extraction industry in the region. With these goals in mind, Steppe Gold has set a date for when the mine will reach its maximum capacity: 2025.
Once the mine is fully operational, it will be able to provide sustainable gold production in the region and generate significant employment and income for the local people, as well as significantly benefit the entire region.