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Steppe Gold ( (TSE:STGO) ) has issued an update.
Steppe Gold Ltd. reported strong financial results for Q1 2025, with total revenue of $32.4 million from gold sales and an adjusted EBITDA of $18.4 million. The company maintained a competitive all-in sustaining cost of $991 per ounce due to effective cost control. With higher gold prices anticipated in the latter half of 2025, Steppe Gold plans to restructure its debt and explore financing options for its Phase 2 Expansion. The company expects to exceed 70,000 ounces of gold production in 2025, supported by ongoing production at its Boroo Gold and ATO mine sites.
Spark’s Take on TSE:STGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:STGO is a Outperform.
Steppe Gold is demonstrating strong financial growth and operational efficiency, supported by strategic corporate initiatives. While the company shows positive technical momentum, the reliance on debt and lack of dividend yield are minor concerns. Overall, Steppe Gold is well-positioned to capitalize on its strong financial and strategic position in the gold industry.
To see Spark’s full report on TSE:STGO stock, click here.
More about Steppe Gold
Steppe Gold Ltd. is Mongolia’s premier precious metals company, primarily engaged in the mining and production of gold and silver. The company focuses on maximizing production and cash flows from its producing mines, with an emphasis on growth through organic exploration and potential acquisitions.
Average Trading Volume: 213,397
Technical Sentiment Signal: Buy
Current Market Cap: C$214.9M
For an in-depth examination of STGO stock, go to TipRanks’ Stock Analysis page.