See more : Cen Link Co., Ltd. (5254.TWO) 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 Ltd CEO Bataa Tumur-Ochir adds chairman to title
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) has announced that its CEO Bataa Tumur-Ochir will also assume the role of company chairman, effective immediately. The Mongolia-focused precious metals firm said Tumur-Ochir, who has led the Steppe Gold as CEO since December 2019,...
Steppe Gold unveils positive financial results for first quarter of 2023, outlines future outlook
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) has reported positive financial results for the first quarter of 2023 and outlined its future outlook. The company's revenue for the quarter amounted to $9,525,000 generated from the sale of 5,008 ounces of gold and 651 ounces...
Steppe Gold closes $12.1M upsized private placement; Eric Sprott and management participates
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) announced that it has successfully completed a non-brokered private placement financing, raising $12.1 million, which was upsized from the original estimate of $9 million, by issuing 11 million company common shares at a price of $1.10...
Steppe Gold inks definitive deal to acquire Anacortes Mining
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) announced that it has entered into an arrangement agreement to acquire all of the issued and outstanding common shares of Anacortes Mining Corp. The Mongolia-focused precious metals company said Anacortes shareholders will receive 0.4532 of a...
Steppe Gold announces $9M private placement
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) announced a non-brokered private placement of approximately $9 million through the sale of shares at $1.10 each. The company said in a statement that the proceeds will be used to accelerate Phase 2 expansion underway at its...
Steppe Gold to acquire Anacortes Mining in an all-share transaction
(Kitco News) - Steppe Gold (TSX: STGO) announced today it has entered into a binding letter of intent with Anacortes Mining (TSXV: XYZ) pursuant to which Steppe Gold
Steppe Gold Ltd. to acquire Anacortes Mining to create a strong, diversified precious metals producer
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) said it has entered into a binding letter of intent with Anacortes Mining Corp, following which Steppe will, directly or through a subsidiary, acquire all the shares of Anacortes by way of a court-approved plan of...
Steppe Gold earns repeat ‘Buy' rating from Stifel analysts on updated life of mine study for ATO gold project
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) has earned a repeat ‘Buy' rating from Stifel GMP analysts after it released an updated life of mine study for its wholly-owned ATO gold project in Mongolia. In a note to clients, the analysts wrote...
Steppe Gold plans dual listing in Hong Kong
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) has announced plans for a dual primary listing of its common shares on the Main Board of the Stock Exchange of Hong Kong Limited (HKEx), the premier listing venue for Asia-based companies. The Mongolia-focused gold miner,...
Steppe Gold announces updated life-of-mine plan for ATO gold mine to 2036, revealing higher revenues and profits
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) has announced an updated life of mine (LOM) for its 100% owned ATO gold project in Mongolia, comprising a further 1.5 years at the Phase II fresh rock expansion for a 12-year aggregate mine life. The...
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