Steppe Gold Reports Solid Q1 Earnings and Expansion Progress

Steppe Gold Ltd. (TSE:STGO) has released an update.

Steppe Gold Ltd. reported Q1 2024 revenues of $7.971 million from sales of gold and silver, with an operating profit of $4.324 million before depreciation and depletion, despite a negative Adjusted EBITDA of $309. The company also made significant progress on its Phase 2 Expansion, including a $37,000 milestone payment for essential equipment and construction, and secured an amended gold prepay agreement for additional financing.

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