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 Q2 2026 gold production of 22,465 oz and sales of 13,724 oz, versus 13,000 oz and 15,058 oz a year earlier. Q2 2026 revenue rose to $61.8 million, with H1 2026 revenue of $115.0 million, driven by an average realised gold price of $4,493/oz.
The company posted a small Q2 2026 net loss attributable to shareholders of $0.2 million, but H1 2026 net profit rose to $19.0 million. Adjusted EBITDA reached $46.6 million in Q2 and $85.2 million in H1. Cash costs and AISC increased year over year, while inventories grew to $55.7 million.
Steppe Gold ended June 30, 2026 with cash of $19.9 million, working capital of $86.5 million, and bond investments of $107.1 million maturing December 31, 2026. The company settled its dispute with Triple Flag through an amended stream agreement and advanced the ATO Phase 2 expansion, while maintaining 2026 production guidance of about 68,000 oz.
Steppe Gold (OTCQX: STPGF) announced the passing of Dr. Zamba Batjargal, Chair of the Audit Committee and Independent Director since 2017. Dr. Batjargal had a long career in environmental science and policy, including roles as Mongolia's Environment Minister, ambassador to Japan, and representative of the World Meteorological Organization at the UN.
The company highlighted his integrity, discipline, and public service, noting his lasting legacy in climate policy and Board contributions, and extended condolences to his family, friends, and colleagues.
Steppe Gold (OTCQX: STPGF, TSX: STGO) reported voting results from its annual general meeting held on June 30, 2026. Shareholders elected five director nominees with approximately 97.6%–99.8% of votes cast in favour and re-appointed Emmerich, Córdova y Asociados, member firm of KPMG, as auditors with 99.71% support.
Steppe Gold (OTCQX: STPGF) amended its EPC agreement with Hexagon for Phase 2 of the ATO Mine, raising contract value from US$148.8M to about US$238.2M. Added scope covers tailings, power, water, roads and camp facilities. The company plans to seek debt financing and expects a revised feasibility study in H2 2026, reflecting higher planned throughput capacity.
Steppe Gold (OTCQX:STPGF) entered a settlement agreement with Triple Flag that resolves all litigation, arbitration and disputes tied to prior stream and gold prepay agreements. All outstanding gold and silver delivery obligations, including arrears, are now satisfied.
The amended streaming framework requires fixed deliveries totaling 34,770 ounces of gold through 2036, then converts to a 1.5% interest in ATO mine gold production, capped at 500 ounces per quarter. Obligations remain secured by the ATO mine and guarantees from Steppe Gold and Boroo Gold.
Steppe Gold (OTCQX: STPGF) reported Q1 2026 results with lower gold volumes but higher revenue and cash flow.
Key metrics: 10,502 oz gold sold, revenue $53.2M, adjusted EBITDA $38.4M, net cash $56.7M, AISC $1,668/oz, working capital $105.7M, and 2026 guidance of ~68,000 oz gold.
Steppe Gold (OTCQX: STPGF) reported 2025 results with full-year revenue $254.13M, Adjusted EBITDA $173.92M, and net income $32.76M. Gold production was 76,059 oz with full-year site AISC of $1,215/oz.
As at December 31, 2025 the company held $68.30M cash, working capital $107.34M and a reported net cash position $35.17M. ATO Phase 2 remains in development and is subject to material permitting, financing and execution risks.
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.