Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | Shangri-La office, Suite 1201, Olympic s 14241 |
Tel: | N/A |
Website: | https://steppegold.com |
IR: | See website |
Key People | ||
Matthew Wood Executive Chairman of the Board | Bataa Tumur-Ochir President, Chief Executive Officer, Director | Jeremy Thomas South Chief Financial Officer, Senior Vice President |
Business Overview |
Steppe Gold Ltd. is engaged in the business of precious metals and minerals exploration sector. Its project includes Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, Uudam Khundii UK Project, and Tres Cruces Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern Mongolia and is comprised of one mining license covering an area of 5492 hectares. The Mungu gold and silver discovery is located northeast of the ATO Project. It is a structurally controlled epithermal gold-silver system with localized bonanza grades. The Uudam Khundii property is comprised of one exploration license covering 14,397 hectares. The project area is located 800 km south-west of Ulaanbaatar. The property is located between and adjoining the Bayan Khundii gold discovery and Altan Nar epithermal gold deposits explored by Erdene Resource Development Corporation. It also owns an interest in the Tres Cruces Gold Project located in Northern Peru. |
Financial Overview |
For the three months ended 31 March 2024, Steppe Gold Ltd revenues decreased 16% to $8M. Net loss before extraordinary items increased from $380K to $12.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Changes in present value of Asset Retire decrease from $300K (income) to $396K (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $84.84M as of Mar 31, 2024 |
Annual revenue (TTM): | $72.25M as of Mar 31, 2024 |
EBITDA (TTM): | $22.13M as of Mar 31, 2024 |
Net annual income (TTM): | -$4.04M as of Mar 31, 2024 |
Free cash flow (TTM): | $3.82M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $76.24M as of Mar 31, 2024 |
Shares outstanding: | 109,030,613 as of May 2, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |