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Home CompaniesSteppe Gold Ltd

Steppe Gold Ltd

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
1.355 CAD -0.06 ( 3.90%)
Last update at 2026-11-05T18:29:00Z
VOLUME
370701
Market Cap
353.96M
P/E
8.24

Momentum Score

…

Steppe Gold Ltd. engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru. Its flagship project is the 100% owned Altan Tsagaan Ovoo property covering an area of approximately 5,492 hectares located in Ulaanbaatar, Mongolia. The company is based in Toronto, Canada. Steppe Gold Ltd. is a subsidiary of Boroo Pte Ltd.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
1.33
Low
1.44
High
52 Week Price Range
0.79
Low
2.43
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Steppe Gold Ltd is a Canadian-listed gold and silver producer focused on Mongolia through its Altan Tsagaan Ovoo (ATO) mine and adjacent exploration licences. Long-term growth may be supported by production cash flow, resource expansion from regional exploration, and operational scaling that could benefit from higher gold prices. Investors may find portfolio exposure to a producing mid-tier miner in a mineral-rich jurisdiction attractive.
Key risks include commodity price volatility, regulatory and political uncertainty in Mongolia, execution and operational risk on expansion and exploration, plus financing and environmental-community relations challenges.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.41
Dividend Yield
-
Revenue TTM
254.13M
Revenue Per Share
1.00
Gross Profit TTM
138.37M
Debt / Equity
0.91
ROE
25.86%
Net Debt
61.18M
ROCE
33.56%
Diluted EPS TTM
0.17

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 68.27M 80.13M 11.46M 17.54M -22.95M
Minority interest 0.04M 0.03M 0.17M 0.24M 0.06M
Net income 32.73M 61.35M 56.34M 15.96M -22.68M
Selling general administrative 11.72M 9.22M 8.44M 12.98M 9.15M
Selling and marketing expenses - - 1.06M - -
Gross profit 139.17M 96.28M 29.41M 30.82M 9.65M
Reconciled depreciation 16.30M 17.50M 2.61M 4.21M 2.78M
Ebit 83.38M 92.35M 4.85M 25.24M 0.90M
Ebitda 99.68M 109.85M 23.08M 29.45M 3.68M
Depreciation and amortization 16.30M 17.50M 18.23M 4.21M 2.78M
Operating income 115.73M 86.81M 19.96M 25.24M 0.90M
Other operating expenses 138.40M 91.32M 40.77M 46.99M 26.99M
Interest expense 15.11M 12.22M 7.99M 5.65M 28.54M
Tax provision 35.57M 18.81M 0.68M 1.82M -0.27M
Interest income 7.32M 7.43M 7.47M 7.90M 1.88M
Net interest income -45.33M -8.37M -5.99M 4.21M -25.04M
Income tax expense 35.57M 18.81M 2.13M 1.82M -0.27M
Total revenue 254.13M 178.13M 54.24M 62.37M 24.05M
Total operating expenses 10.77M 9.46M 2.76M 15.44M 12.60M
Cost of revenue 84.50M 81.86M 24.83M 31.55M 14.40M
Total other income expense net -47.46M -6.68M -8.49M -7.70M -23.85M
Net income from continuing ops 32.70M 61.32M 14.18M 15.72M -22.68M
Net income applicable to common shares - 61.35M 56.34M 15.96M -22.62M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 358.38M 352.14M 98.29M 72.66M 146.28M
Other current assets 5.04M - 15.64M 1.58M 3.53M
Total liab 215.55M 242.08M 50.29M 55.44M 139.26M
Total stockholder equity 142.89M 110.09M 48.59M 17.72M 7.27M
Other current liab 15.62M 4.82M 12.22M 20.28M 24.84M
Common stock 55.42M - 79.55M 55.76M 55.29M
Capital stock 55.42M 55.42M - 55.76M 55.29M
Retained earnings 88.98M 56.24M -38.30M -47.19M -63.15M
Other liab - - - - 3.19M
Other assets - - - 2.18M 78.04M
Cash 68.30M 47.13M 6.01M 2.52M 2.64M
Total current liabilities 109.89M 64.77M 27.28M 35.12M 72.94M
Current deferred revenue 0.08M - - - -
Net debt 61.18M 139.40M 30.05M 7.00M 78.86M
Short term debt 70.67M - 15.06M 4.68M 42.00M
Short long term debt 70.36M 26.50M - 4.53M 13.50M
Short long term debt total 129.47M - 36.05M 9.52M 81.50M
Other stockholder equity - - 23.06M 25.20M 22.91M
Property plant equipment - - - 39.33M 35.99M
Total current assets 217.22M 215.80M 53.96M 29.58M 32.25M
Long term investments 0.23M 0.32M - - -
Net tangible assets - - - - 7.27M
Short term investments 103.78M 97.05M - 0.36M 1.43M
Net receivables 4.91M 4.04M 0.04M 0.96M 2.29M
Long term debt 58.48M 160.03M - 4.43M 38.99M
Inventory 35.20M 62.76M 32.27M 24.16M 22.36M
Accounts payable 8.19M 11.37M - 10.15M 6.10M
Accumulated other comprehensive income -1.51M - -15.73M -16.05M -7.79M
Non currrent assets other - -0.00M 3.01M 1.57M 71.09M
Non current assets total 141.16M 136.35M 44.33M 43.08M 114.03M
Capital lease obligations 0.63M 0.62M - 0.55M 0.65M
Long term debt total - - - 4.83M 39.51M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -11.99M -3.50M -5.92M 5.03M
Change to liabilities - - - - 3.21M
Total cashflows from investing activities -25.51M -11.99M -5.23M -5.92M -3.88M
Net borrowings -65.36M 38.47M -34.15M - 54.97M
Total cash from financing activities -67.66M -37.61M 0.59M -13.19M -1.47M
Net income 32.70M 80.13M 8.89M 15.72M -22.68M
Change in cash 21.16M 32.23M 3.52M -0.12M -12.45M
Begin period cash flow 47.13M 14.90M 2.52M 2.64M 15.09M
End period cash flow 68.30M 47.13M 6.03M 2.52M 2.64M
Total cash from operating activities 114.33M 81.83M 8.20M 18.71M -7.04M
Issuance of capital stock - - 9.02M 0.00M 0.61M
Depreciation 16.30M 17.50M 3.24M 4.21M 2.78M
Other cashflows from investing activities 4.23M 0.08M -0.18M 0.00M -0.97M
Dividends paid 1.90M -60.50M 0.00M 0.00M 0.00M
Change to inventory -3.60M 3.14M -7.74M -2.59M -10.50M
Change to account receivables -0.83M 18.78M -0.39M - -2.45M
Sale purchase of stock - - - 0.00M 0.61M
Other cashflows from financing activities -0.40M -15.58M 0.59M 51.89M 6.05M
Change to netincome - - - - 21.40M
Capital expenditures 29.74M 14.16M 5.05M 5.92M 8.91M
Change in working capital 39.26M -3.84M -7.00M 7.59M -9.74M
Stock based compensation - - 0.81M 2.67M 1.62M
Other non cash items 28.27M -8.18M 2.25M -10.24M 21.50M
Free cash flow 84.59M 67.66M 3.14M 12.79M -15.95M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
STGO
Steppe Gold Ltd		 -0.06
3.90%		 1.35 8.24 2.46 1.39 1.84 0.87 2.22
AEM
Agnico Eagle Mines Limited		 6.20
2.42%		 262.51 24.22 15.85 11.68 4.34 8.85 12.58
ABX
Barrick Gold Corp		 0.34
0.61%		 56.41 14.39 10.63 5.80 2.63 4.04 6.19
WPM
Wheaton Precious Metals Corp		 1.07
0.58%		 184.80 43.69 24.75 38.06 7.39 27.40 31.65
FNV
Franco-Nevada Corporation		 11.47
3.39%		 349.94 42.91 30.30 36.18 6.45 26.79 28.34

Profile*

Steppe Gold Ltd

Steppe Gold Ltd. engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru. Its flagship project is the 100% owned Altan Tsagaan Ovoo property covering an area of approximately 5,492 hectares located in Ulaanbaatar, Mongolia. The company is based in Toronto, Canada. Steppe Gold Ltd. is a subsidiary of Boroo Pte Ltd.

Shangri-La office, Ulaanbaatar, Mongolia, 14241

976 7732 1914

https://steppegold.com

Name Title Year Born
Mr. Matthew Gaden Western Wood Exec. Chairman 1969
Mr. Bataa Tumur-Ochir Pres, CEO & Director 1986
Mr. Jeremy Thomas South CA (Aus) Sr. VP & CFO NA
Mr. Gregory Wood VP of Operations 1971
Mr. Aneel Singh Waraich Exec. VP & Director 1981
Mr. Enkhtuvshin Khishigsuren VP of Exploration NA
Mr. Bataa Tumur-Ochir CEO & Chairman 1986
Mr. Jeremy Thomas South CA (Aus) Senior VP & CFO 1965
Ms. Byambatseren Tsogbadrakh President & Director NA
Mr. Enkhtuvshin Khishigsuren Vice President of Exploration NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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Equity Sectors*

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  • Consumer Defensive

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Note: Daily price change (%) by sector excluding stocks with +/-90% daily price change. Companies above $500 million market capitalization are considered.

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