Steppe Gold swings to Q2 FY26 net loss of US$175,000; revenue more than doubles to US$61.85 million

Reuters2026/08/14 21:01

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Steppe Gold posted Q2 net loss attributable to shareholders of USD 175,000, swinging from prior-year profit of USD 9 million.
Revenue more than doubled to USD 61.85 million, helped by a higher average realized gold price of USD 4,493 an ounce.
Adjusted EBITDA rose to USD 46.63 million from USD 18.07 million, while cash cost increased to USD 1,164 per ounce sold.
Gold output climbed to 22,465 ounces; sales fell to 13,724 ounces as finished inventory rose to 9,958 ounces.
Triple Flag settlement closed; 2026 production guidance maintained at about 68,000 ounces as ATO Phase 2 feasibility work continues.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Steppe Gold Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608141700NEWSFILECNPR____20260814_309667_1) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Steppe Gold swings to Q2 FY26 net loss of US$175,000; revenue more than doubles to US$61.85 million

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