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 |
Greg Wood Chief Operating Officer, Vice President - Operations | Aneel Wairach Executive Vice President, Director |
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 nine months ended 30 September 2023, Steppe Gold Ltd revenues decreased 11% to $39.6M. Net income decreased 14% to $9.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Interest on restricted cash decrease from $2.6M (income) to $0K, Fair value of stream liability decrease from $999K (income) to $1.1M (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $90.12M as of Sep 30, 2023 |
Annual revenue (TTM): | $78.04M as of Sep 30, 2023 |
EBITDA (TTM): | $21.26M as of Sep 30, 2023 |
Net annual income (TTM): | $19.46M as of Sep 30, 2023 |
Free cash flow (TTM): | $9.77M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $10.88M as of Sep 30, 2023 |
Shares outstanding: | 104,530,613 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |