Steppe Gold Ltd. ($STGO) Completes Final Payment on Asset Sale
Ulaanbaatar, Mongolia - Steppe Gold Ltd. (TSX: STGO) has successfully received the final instalment of approximately CAD$3 million concerning the sale of its Aurifera Tres Cruces asset located in Peru.
The sale of the Tres Cruces Oxide Project to Minera Boroo Misquichilca S.A. and Boroo Pte Ltd. (as guarantor) was finalized on August 1, 2024, for a total of around CAD$12 million, with payments structured over an 18-month period.
Payment instalments were disbursed in September 2024, February 2025, and July 2025, culminating in the final payment received on February 10, 2026.
Cautionary Statement on Forward-Looking Information
This announcement contains forward-looking statements that reflect the Company's expectations and assumptions based on current information. Such statements, which include terms like 'anticipates', 'expects', and 'plans', should be interpreted with caution due to inherent risks and uncertainties that could cause actual outcomes to differ significantly from the predicted results.
The Company does not commit to updating these forward-looking statements unless required by applicable law. For further details, please refer to the 'Risk Factors' section in the Company's latest annual information form and management's discussion and analysis available at SEDAR+.
The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of the content of this announcement.
For more information, visit Inside Ticker or reach out to the Shangri-La office at Suite 1201, Olympic Street 19A, Sukhbaatar District 1, Ulaanbaatar 14241, Mongolia. Tel: +976 7732 1914.