Welcome to our dedicated page for Steppe Gold news (Ticker: STPGF), a resource for investors and traders seeking the latest updates and insights on Steppe Gold stock.
Steppe Gold Limited reports operating, financial and governance developments for a Mongolia-focused gold producer traded on OTCQX under STPGF. Company updates center on gold production and sales from the Boroo and Ulaanbulag mines, the transition at ATO Phase 1, and infrastructure activity tied to the ATO Phase 2 expansion.
Recurring news also covers annual and quarterly financial results, capital-structure management, lender discussions, intercompany bond matters, auditor changes, board and finance leadership transitions, and completed asset-sale proceeds. The company’s releases frequently reference its subsidiary Boroo Gold LLC and its management of liquidity, debt facilities and mine operations across its Mongolian asset base.
Steppe Gold (OTCQX: STPGF) reported Q3 2025 results for the quarter ended September 30, 2025, with Group revenue $27.3M from sales of 7,988 oz gold, 1,475 oz silver and $2.1M third-party ore processing. Pro forma including finished goods sales, Q3 gold sales would be 15,954 oz and revenue $59.4M. Nine‑month revenue was $92.0M (pro forma $124.1M).
Adjusted EBITDA was $15.6M for Q3 and $51.8M year‑to‑date; pro forma Adjusted EBITDA for Q3 was $38.0M. Site AISC was $2,499/oz in Q3 (pro forma $1,869/oz). Working capital was $124.5M, including bond investments of $102.1M maturing Dec 31, 2025. Net debt was $61.7M at quarter end.
Steppe Gold (OTCQX: STPGF) published its 2024 ESG Report, its third annual sustainability disclosure and first integrated report after acquiring Boroo Gold in 2024.
The report aligns with GRI and SASB frameworks and summarizes performance across health and safety, environmental stewardship, community relations, and ethical business practices. The report is available at https://steppegold.com/sustainability/.
CEO Bataa Tumur-Ochir highlighted the acquisition-driven expansion into a mid-tier, multi-asset producer, renewed focus on health and safety, and the ongoing Ugai Soyol cultural project supporting the Buryat community of Tsagaan-Ovoo Soum. The release includes a standard forward-looking statements caution regarding risks and uncertainties.
Steppe Gold (OTCQX: STPGF) reported strong Q2 2025 financial results with total revenue of $32.3M from 15,058 gold ounces sold. The company achieved H1 2025 revenue of $64.7M on 30,669 ounces sold at average prices of $2,147 and $2,109 per ounce for Q2 and H1 respectively.
Key financial metrics include Site AISC of $1,088 for H1 2025 and adjusted EBITDA of $17.9M for Q2 and $36.5M for H1. The company maintains strong working capital of $141.7M, including $100.4M in high-interest bonds maturing December 2025. Management changes include the departure of President Byambatseren Tsogbadrakh and restructuring of operations leadership.
With the expiry of forward contracts in June 2025, all subsequent gold sales will occur at spot prices, potentially improving cash flows in H2 2025.
Steppe Gold (STPGF) reported strong Q1 2025 financial results, with total revenue of $32,368,000 from sales of 15,611 gold ounces at an average price of $2,041 per ounce. The company achieved gold production of 19,860 ounces and 5,412 ounces of silver across its operations. Key financial metrics include Adjusted EBITDA of $18,370,000 and competitive All-in Sustaining Costs (AISC) of $991 per ounce.
The company reported positive working capital of $139,815,000, including $98,709,000 in bond investments maturing December 2025. Group net debt stood at $157,199,000. Looking ahead, Steppe Gold expects 2025 gold production to exceed 70,000 ounces, with higher gold prices anticipated in H2 2025. The company is actively working on restructuring debt facilities and reviewing financing options for its Phase 2 Expansion project.
Steppe Gold has released its 2023 Environmental, Social and Governance (ESG) Report, marking the company's second sustainability report. The document aligns with the Sustainability Accounting Standards Board (SASB) Metals & Mining Sustainability Accounting Standard and showcases the company's initiatives in environmental protection, climate change mitigation, occupational health and safety, and corporate social responsibility.
Key achievements highlighted include providing scholarships to over 1,760 local students. CEO Bataa Tumur-Ochir emphasized the company's commitment to responsible mining, sustainable growth, and community relationships. The report demonstrates Steppe Gold's dedication to employee safety, transparency, and stakeholder value creation, with strong support from local communities and government bodies.
Steppe Gold (TSX: STGO) (OTCQX: STPGF) announced that Steve Haggarty has resigned from his position as director of the Company, effective October 31, 2024. Chairman and CEO Bataa Tumur-Ochir acknowledged Haggarty's contributions to the company and extended best wishes for his future endeavors.
Steppe Gold (TSX: STGO) (OTCQX: STPGF) has provided a production update on its two gold mines in Mongolia. The company reported combined production of 17,773 oz of gold in Q3 2024, following the acquisition of Boroo Gold on August 1, 2024. Steppe Gold reiterated its production guidance for H2 2024 at 33,360 oz, towards the higher end of the previously announced range of 30,000 to 35,000 oz. The full-year 2025 guidance is set at 80,000 oz of gold.
The integration process is progressing well, with teams identifying cost savings through bulk purchasing, operational optimization, and securing long-lead items for the ATO Phase 2 Expansion. The company is also focusing on exploration and resource expansion near existing mines and considering projects in Western Mongolia. As Mongolia's largest primary gold producer, Steppe Gold is evaluating additional M&A opportunities.
Steppe Gold announced its Q2 2024 financial results, reflecting strong performance before its Boroo Gold acquisition on August 1. Revenue reached $10.39 million for the quarter and $18.36 million for the first half of 2024, driven by sales of 4,040 gold ounces and 36,672 silver ounces in Q2. The average realized gold price was $2,318 per ounce and silver at $26 per ounce.
Operating income before depreciation and depletion was $6.17 million in Q2, with an adjusted EBITDA of $2.34 million. The company reported All-in Sustaining Costs (AISC) of $1,124 per ounce sold in Q2. The cash balance as of June 30 was $3.21 million, with net debt of $66.86 million.
Steppe Gold's combined gold production for H2 2024 is projected between 30,000 to 35,000 oz. The Phase 2 Expansion is on track, with commissioning planned for Q1 2026. The Boroo acquisition is expected to accelerate growth, adding strong cash flow and production capabilities.
Steppe Gold (TSX: STGO) (OTCQX: STPGF) has completed the acquisition of Boroo Gold , becoming Mongolia's leading gold producer. The transaction includes:
1. Acquisition of all Boroo Gold shares
2. Sale of Tres Cruces Oxide Project for CAD$12 million
3. Expected benefits: increased production, strong cash flows, financing flexibility, cost savings, and exploration upside
4. Combined 2024-2025 production forecast: 80,000-90,000 ounces
5. Boroo Gold's 2024 capital expenditures: ~$19 million
Post-transaction, Boroo Singapore holds 55.9% of Steppe Gold shares. The deal strengthens Steppe Gold's position in Mongolia and provides immediate cash flow to support growth plans.