Steppe Gold Ltd. Announces Strong Q1 2025 Financial Results
Steppe Gold Ltd., a precious metals exploration and development company based in Canada, has announced its financial results for the first quarter of 2025. The company, which operates in both Canada and Mongolia, reported robust performance across its operations.
Financial Highlights
Revenue and Sales: The company achieved total revenue of $32,368,000 from the sale of 15,611 ounces of gold. The average realized price for gold was $2,041 per ounce, influenced by a forward sales contract fixed at $2,000 per ounce.
Production: Steppe Gold produced a total of 19,860 ounces of gold and 5,412 ounces of silver during the quarter.
Financial Metrics: The company reported an Adjusted EBITDA of $18,370,000 and maintained competitive All-in Sustaining Costs (AISC) of $991 per ounce.
Working Capital and Debt: Positive working capital stood at $139,815,000, including $98,709,000 in bond investments maturing in December 2025. Group net debt was reported at $157,199,000.
Future Outlook
Looking ahead, Steppe Gold anticipates exceeding 70,000 ounces of gold production in 2025, with expectations of higher gold prices in the second half of the year. The company is actively engaged in restructuring its debt facilities and exploring financing options for its Phase 2 Expansion project.
Company Overview
Steppe Gold Ltd. specializes in exploring and producing gold, serving clients in Canada and Mongolia. The company is listed on the Toronto Stock Exchange and has a market capitalization of 215,780,000 CAD. Its Initial Public Offering (IPO) took place on May 22nd, 2018.
For more information, visit Steppe Gold’s website .