Steppe Gold Sees Strong Q2 Performance Despite Project Risks
Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9), a mining company, released its financial results for Q2 2026. The company produced 22,465 ounces of gold and sold 13,724 ounces in the second quarter, compared to 13,000 ounces produced and 15,058 ounces sold in the same period in 2025.
The average realised gold price was $4,493 per ounce in Q2 2026, a significant increase from $2,142 per ounce in Q2 2025. The company's revenue for the quarter reached $61,848, up from $32,327 in the same period last year.
Despite this growth, Steppe Gold reported a net loss of $175 attributable to shareholders for the second quarter of 2026, compared to a net profit of $8,998 in Q2 2025. Adjusted EBITDA was $46,626 for Q2 2026, up from $18,074 in the same period last year.
The company maintained its 2026 production guidance of approximately 68,000 ounces of gold and expects to complete a revised feasibility study for ATO Phase 2 in the second half of 2026. However, the project carries significant execution, permitting, cost, and schedule risks.