Steppe Gold Ltd.
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0.71%
ROIC.AI
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- Business
- Steppe Gold Ltd. (TSX: STGO) operates as a Mongolia-focused precious metals producer engaged in the acquisition, exploration, development, and operation of gold and silver projects. The company produces gold and silver through its flagship Altan Tsagaan Ovoo (ATO) Gold Mine, utilizing open-pit mining and heap leach processing; the Boroo Gold Mine, including the Ulaanbulag deposit, which employs similar methods to generate approximately 65,000-70,000 ounces of gold annually; and associated exploration properties such as Uudam Khundii and Mungu, targeting additional precious metal resources. Steppe Gold maintains its primary operations in Mongolia, serving institutional buyers including Mongolian banks at spot prices referenced to the London Metal Exchange, with a workforce exceeding 500 employees. Founded in 2016 and headquartered at Suite 1201, Shangri-La Office, 19A Olympic Street, Ulaanbaatar, Mongolia, the company derives nearly all revenue from gold sales, supplemented by silver byproducts. In August 2024, Steppe Gold completed the acquisition of Boroo Gold LLC from Boroo Singapore, establishing itself as Mongolia's largest primary gold producer with combined annual output exceeding 100,000 ounces from ATO and Boroo assets and a projected mine life beyond 2030; concurrently, it divested the non-core Tres Cruces oxide project in Peru for CAD$12 million in staged cash payments, sharpening focus on Mongolian operations and bolstering liquidity. The company advances Phase 2 expansion at ATO, featuring a $150 million finance facility with initial $50 million drawn to accelerate construction toward first production in early 2026, promising after-tax NPV of $422.6 million at current gold prices and 67% IRR. Q3 2025 results reflect robust cash flows amid elevated gold prices, with ongoing financing talks including potential streams from Triple Flag Precious Metals Corp. to support growth.
Company News
Steppe Gold Announces Q2 2026 Financial Results
Steppe Gold Mourns the Passing of Dr. Zamba Batjargal, Chair of the Audit Committee
Steppe Gold Ltd. Announces Annual General Meeting Voting Results
Steppe Gold Amends EPC Agreement for ATO Phase 2 Project
Steppe Gold: Wacky Financials But Lots Of Gold In The Ground
Steppe Gold Announces Settlement Agreement with Triple Flag
Steppe Gold Announces Q1 2026 Financial Results
Steppe Gold Announces 2025 Annual Financial Results
Steppe Gold Announces Finance Leadership Transition
Steppe Gold Announces Final Instalment on Asset Sale
Steppe Gold Announces Corporate Update, Strong Fourth Quarter Production
Steppe Gold Announces Leadership Transition
Steppe Gold Provides Q4 Production Update Change of Auditor
Steppe Gold (OTCMKTS:STPGF) Shares Up 0.9% – Time to Buy?
Steppe Gold Announces Q3 2025 Financial Results
Steppe Gold Releases 2024 ESG Report
Steppe Gold Announces Q2 2025 Financial Results; Expiry of Forward Contract; Management and Board Changes
Steppe Gold Ltd. Announces Annual General and Special Meeting Voting Results
Steppe Gold Announces Q1 2025 Financial Results
Steppe Gold Announces 2024 Annual Financial Results