See more : Kingboard Laminates Holdings Limited (KGBLY) Income Statement Analysis – Financial Results
Complete financial analysis of Steppe Gold Ltd. (STPGF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Steppe Gold Ltd., a leading company in the Gold industry within the Basic Materials sector.
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Steppe Gold Ltd. (STPGF)
About Steppe Gold Ltd.
Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia. Its principal projects are the Altan Tsagaan Ovoo gold and silver project comprising one mining license covering an area of approximately 5,492.63 hectares located in the territory of Tsagaan Ovoo soum, Dornod province of Eastern Mongolia; and the Uudam Khundii property that covers an area of 14,397 hectares located in Ulaanbaatar, Bayankhongor Province. The company was incorporated in 2016 and is headquartered in Ulaanbaatar, Mongolia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54.24M | 62.37M | 24.05M | 52.10M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 24.83M | 31.55M | 14.40M | 23.65M | 169.54K | 18.76K | 5.61K | 0.00 |
| Gross Profit | 29.41M | 30.82M | 9.65M | 28.45M | -169.54K | -18.76K | -5.61K | 0.00 |
| Gross Profit Ratio | 54.22% | 49.42% | 40.14% | 54.61% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 8.44M | 12.98M | 9.15M | 9.17M | 4.31M | 7.81M | 2.37M | 659.17K |
| Selling & Marketing | 1.06M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.32M |
| SG&A | 9.50M | 12.98M | 9.15M | 9.17M | 4.31M | 7.81M | 2.37M | 1.97M |
| Other Expenses | 0.00 | 2.46M | 3.45M | 2.93M | 125.33K | 1.03M | 2.06M | 0.00 |
| Operating Expenses | 15.94M | 15.44M | 12.60M | 12.10M | 4.43M | 8.85M | 4.43M | 1.98M |
| Cost & Expenses | 40.77M | 46.99M | 26.99M | 35.75M | 4.60M | 8.86M | 4.43M | 1.98M |
| Interest Income | 2.00M | 9.86M | 3.50M | 456.00K | 1.35M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 5.65M | 28.54M | 2.58M | 1.02M | 588.15K | 1.39M | 0.00 |
| Depreciation & Amortization | 3.12M | 4.21M | 2.78M | 4.10M | 60.00K | 18.76K | 5.43K | 1.97M |
| EBITDA | 23.08M | 26.53M | 3.68M | 20.03M | -4.38M | -8.85M | -4.43M | -444.00 |
| EBITDA Ratio | 42.56% | 47.21% | 15.31% | 38.44% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 19.96M | 25.24M | 900.00K | 16.50M | -4.55M | -8.86M | -4.43M | -1.97M |
| Operating Income Ratio | 36.80% | 40.46% | 3.74% | 31.67% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -8.50M | -7.70M | -22.12M | -27.67M | -593.50K | -3.35M | -1.14M | -444.00 |
| Income Before Tax | 11.47M | 17.54M | -22.95M | -4.45M | -5.23M | -12.22M | -6.83M | -1.98M |
| Income Before Tax Ratio | 21.14% | 28.12% | -95.42% | -8.55% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 2.13M | 1.82M | -273.00K | -400.00K | 1.30M | 2.68M | 1.24M | -444.00 |
| Net Income | 9.43M | 15.96M | -22.68M | -4.05M | -6.53M | -12.13M | -7.06M | -1.98M |
| Net Income Ratio | 17.39% | 25.58% | -94.28% | -7.78% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 0.05 | 0.12 | -0.12 | -0.04 | -0.08 | -0.17 | -0.18 | -0.11 |
| EPS Diluted | 0.05 | 0.12 | -0.12 | -0.04 | -0.08 | -0.17 | -0.18 | -0.11 |
| Weighted Avg Shares Out | 189.23M | 139.55M | 186.07M | 112.02M | 83.69M | 73.36M | 40.35M | 17.60M |
| Weighted Avg Shares Out (Dil) | 189.16M | 139.55M | 186.07M | 112.02M | 83.69M | 73.36M | 40.35M | 17.60M |
Steppe Gold stock price poised for big gains after 2Q results: analysts
Hannam & Partners analysts believe the main catalysts for Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF)'s stock price should be the start of developing the Phase 2 expansion of the ATO Gold Mine in Mongolia as well as achieving production guidance for 2023 of 25,000...
Steppe Gold ends 2Q with strong balance sheet to support expansion into Peru
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) delivered strong 2Q financial results to support the gold producer in its diversification into Peru. Revenue during the second quarter ended June 30, 2023 reached $14.3 million, driven by gold sales of 6,880 ounces and...
Steppe Gold Announces Second Quarter 2023 Financial Results
Ulaanbaatar, Mongolia--(Newsfile Corp. - August 14, 2023) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to announce its financial results for the the second quarter ended June 30, 2023.
Stonegate Capital Partners Updates Coverage on Steppe Gold Ltd. (STGO) Q1 2023
Dallas, Texas--(Newsfile Corp. - August 8, 2023) - Steppe Gold Ltd. (TSX: STGO): The full report can be accessed by clicking on the following link: STGO Q1 2023 Report To view the full announcement, including downloadable images, bios, and more,...
Steppe Gold $150M financing for ATO Mine expansion a ‘significant' positive and de-risking event
Analysts at Hannam & Partners believe Steppe Gold shares currently have 248% upside potential after the miner announced it has secured US$150 million for the Phase 2 expansion of its ATO Gold Mine in Mongolia. As noted by the analysts, the...
Steppe Gold advances Phase 2 expansion at ATO Gold Mine in Mongolia
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) said it is focusing on finalizing engineering, procurement, and construction (EPC) arrangements and initiating the deployment of capital after having secured $150 million in financing to fully fund the Phase 2 expansion at its ATO Gold Mine in...
Steppe Gold Provides Second-Quarter Corporate Update
Phase 2 Expansion Accelerating with Financing Secured Ulaanbaatar, Mongolia--(Newsfile Corp. - July 17, 2023) - Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to provide an operations update following the conclusion of...
Steppe Gold secures $150M to fully fund Phase 2 expansion at ATO Gold Mine
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) said it has secured US$150 million to fully fund the construction and completion of the Phase 2 expansion at the ATO Gold Mine in Mongolia. "This is a significant milestone for Steppe Gold and secures the...
Steppe Gold Signs Binding Term Sheet for US$150 Million to Fully Fund the Phase 2 Expansion at the ATO Gold Mine
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 11, 2023) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is very pleased to announce it has signed a binding term sheet (the "Term Sheet") to provide up...
Steppe Gold taps longtime exec Byambatseren Tsogbadrakh as its new president
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) has named founding member of the company Byambatseren Tsogbadrakh as its new president. Tsogbadrakh has held progressively more senior roles at the company in recent years.
Source: https://incomestatements.info
Category: Stock Reports