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 (OTCQX: STPGF) regularly issues detailed news releases covering its operations, financial performance and corporate developments as a Mongolia-focused precious metals company. These updates include production results from its ATO gold mine and, following the acquisition of Boroo Gold LLC, from the Boroo and Ulaanbulag mines, as well as commentary on exploration and expansion projects such as the ATO Phase 2 Expansion.
Investors following STPGF news can read about quarterly and annual financial results, including reported revenue from gold and silver sales, non-IFRS measures like EBITDA, Adjusted EBITDA and All-in Sustaining Costs, and management’s discussion of working capital, bond investments and debt restructuring efforts. The company’s releases also describe operational metrics such as mined and processed ore tonnages, production volumes and realized gold prices.
Steppe Gold’s news flow frequently addresses strategic transactions and growth initiatives. The company has reported on the completion of the Boroo Gold acquisition, the sale of the Tres Cruces Project, and the expected impact of these transactions on production levels and cash flow. It also provides updates on the progress of the ATO Phase 2 Expansion, including EPC contract milestones and feasibility study work, and on exploration and resource expansion activities near its existing mines and at the Uudam Khundii project.
Corporate governance and leadership changes are another recurring theme in STPGF news, with announcements on board appointments, director resignations and executive transitions, including changes to the roles of Chairman and Chief Executive Officer. Readers can also find information on auditor changes, shareholder meeting results and the use of non-IFRS performance measures. For those tracking the Mongolian gold sector, the Steppe Gold news stream offers ongoing insight into how the company describes its operations, growth plans and position as Mongolia’s premier precious metals company.
Steppe Gold (OTCQX: STPGF) announced a finance leadership transition: CFO Jeremy South will resign effective March 10, 2026 and the Board appointed Ariuntsetseg Batsaikhan as Interim CFO. Ms. Batsaikhan has been Financial Controller since 2018 and has over 15 years of mining finance experience.
The Board is reviewing the resignation and related matters, the company is conducting a review of prior financial periods, and total assets remain subject to adjustment pending completion of the ongoing audit. Steppe Gold says it remains focused on safe production and disciplined capital allocation to support long-term shareholder value.
Steppe Gold (OTCQX: STPGF) received the final instalment of approximately CAD$3 million on February 10, 2026, completing payment for the sale of the Aurifera Tres Cruces asset in Peru.
The Tres Cruces Oxide Project was sold on August 1, 2024 for ~CAD$12 million payable over ~18 months; prior instalments were received in September 2024, February 2025 and July 2025.
Steppe Gold (OTCQX: STPGF) reported strong fourth-quarter 2025 production of 29,280 oz gold, above updated guidance of 23,000 oz, and unaudited Q4 gold sales of 37,357 oz. Full-year unaudited Group production and sales were approximately 76,000 oz.
The company announced a bond amendment extending intercompany bond maturities from December 31, 2025 to December 31, 2026 with no change to principal or interest terms. Steppe Gold also obtained a call option to fund a US$7.5 million buyback of a 0.25% NSR on the Alturas project exercisable for 30 days commencing November 7, 2029. Both transactions are related‑party arrangements relying on MI 61-101 exemptions.
Steppe Gold (OTCQX: STPGF) announced a leadership transition on December 17, 2025: Bataa Tumur-Ochir resigned as Chairman and CEO, effective immediately, and will remain a significant long-term shareholder.
Dulguun Erdenebaatar was appointed Chairman and is CEO of Boroo Pte Ltd; Tserenbadam Dugeree was appointed CEO and currently leads in-country operations. The Board said it will appoint an independent lead director as needed to address any potential conflicts because the new Chairman represents the company's major shareholder.
Steppe Gold (OTCQX: STPGF, TSX: STGO) upgraded its Q4 2025 production guidance after fleet upgrades and recovery from Q3 downtime. The company now expects Q4 production >23,000 oz versus prior guidance of 15,000 oz, projected Q4 sales >30,000 oz (processing of finished goods completed in October) and full‑year 2025 production ~70,000 oz.
The company also announced an auditor change effective December 8, 2025: Kingston Ross Pasnak resigned and Emmerich, Córdova y Asociados (KPMG member firm) was appointed as successor auditor. The Audit Committee and Board approved the change and confirmed no modified opinions or reportable events for the relevant audit period.
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.