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An update from Steppe Gold ( (TSE:STGO) ) is now available.
Steppe Gold reported a strong operational performance in the fourth quarter of 2025, producing 29,280 ounces of gold, above its revised guidance of 23,000 ounces, and achieving unaudited gold sales of 37,357 ounces for the quarter, bringing full-year group production and sales to approximately 76,000 ounces. The company also extended the maturity of intercompany bonds between its subsidiary Boroo Gold and related party Boroo Singapore by one year to December 31, 2026, preserving existing economic terms and relying on minority protection exemptions under Canadian securities rules, while entering into a royalty buyback option agreement that gives Steppe Gold the right, starting in late 2029, to fund the repurchase of a 0.25% net smelter return royalty on the Alturas gold project in Chile for US$7.5 million, potentially enhancing its future economic exposure to that asset.
The most recent analyst rating on (TSE:STGO) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Steppe Gold stock, see the TSE:STGO Stock Forecast page.
Spark’s Take on TSE:STGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:STGO is a Neutral.
The score is led by strong reported margins and an attractively low P/E, but is held back by materially weaker TTM cash conversion/free cash flow and meaningful (though improving) leverage. Technical signals are broadly neutral and do not materially improve the outlook.
To see Spark’s full report on TSE:STGO stock, click here.
More about Steppe Gold
Steppe Gold is Mongolia’s premier precious metals company, focused primarily on gold production and related mining activities, with operations conducted through its subsidiaries in Mongolia and interests in international projects such as the Alturas gold project in Chile.
Average Trading Volume: 748,347
Technical Sentiment Signal: Buy
Current Market Cap: C$508.2M
For a thorough assessment of STGO stock, go to TipRanks’ Stock Analysis page.

