Steppe Gold Ltd. (STGO) Financings
TSX: STGO · Gold · Production stage
- Market cap$396.9M
- Share price$1.57
- 52-week range$1.11 – $2.43
- Shares outstanding252,827,187
- ExchangeTSX
- Websitesteppegold.com
Steppe Gold is a Mongolia-focused precious metals producer and developer.
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Steppe Gold Ltd. financial statements
Key figures read from 30 of 30 financial statement filings, May 30, 2018 to Aug 14, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$68,295 | US$47,132 | US$6,006 | US$2,515 | US$2,640 |
| Short-term investments | — | — | US$0 | US$365 | US$1,431 |
| Total current assets | US$217,222 | US$215,796 | US$53,962 | US$29,579 | US$32,250 |
| Total current liabilities | US$109,886 | US$64,773 | US$27,278 | US$35,121 | US$72,945 |
| Working capital | US$107,336 | US$151,023 | US$26,684 | (US$5,542) | (US$40,695) |
| Exploration and evaluation assets | US$1,643 | US$1,599 | US$1,581 | — | — |
| Property, plant and equipment | US$138,486 | US$131,639 | US$40,999 | US$39,328 | US$35,990 |
| Total assets | US$358,378 | US$352,144 | US$98,291 | US$72,658 | US$146,276 |
| Debt | US$117,891 | US$143,913 | US$15,358 | US$10,264 | US$81,924 |
| Total liabilities | US$215,553 | US$242,079 | US$50,290 | US$55,435 | US$139,261 |
| Shareholders' equity | US$142,825 | US$110,065 | US$48,589 | US$17,716 | US$7,269 |
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$254,130 | US$178,133 | US$54,239 | US$62,366 | US$24,050 |
| Cost of sales | (US$115,899) | (US$81,857) | (US$24,833) | (US$31,547) | (US$14,397) |
| Exploration and evaluation expense | (US$132) | (US$242) | (US$1,062) | (US$2,130) | (US$1,328) |
| Impairments and write-downs | (US$10,641) | — | — | — | — |
| Net income (loss) | (US$36) | (US$28) | (US$537) | (US$239) | (US$22,675) |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$176,981 | US$98,252 | — | — | — |
| Investing cash flow | (US$25,508) | (US$11,986) | (US$5,231) | (US$5,922) | (US$3,882) |
| Financing cash flow | (US$67,657) | (US$37,614) | — | (US$13,194) | (US$1,473) |
| Property, plant and equipment spending | (US$29,741) | (US$14,165) | — | — | — |
| Proceeds from share issues | US$0 | (US$14) | — | US$0 | US$612 |
| Change in cash | US$21,163 | US$32,229 | US$3,519 | — | (US$12,449) |
| Cash at end of period | US$68,295 | US$47,132 | US$6,034 | US$2,515 | US$2,640 |
Steppe Gold Ltd. financings
2 financings announced or closed by Steppe Gold Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2024-03-26 | Steppe Gold Ltd. (STGO) | Private placement | Announced | US$40.4M | — | Steppe Gold Draw Downs US$40.4M for the Phase 2 Expansion of the ATO Gold Mine |
| 2023-10-16 | Steppe Gold Ltd. (STGO) | Private placement | Announced | US$10.0M | $100.00 | Steppe Gold Starts Drawdowns - US$9.6M from US$150M Phase 2 Project Financing Package |