Steppe Gold (“Steppe”), which operates the ATO and Boroo mines in Mongolia, has released its financial and production results for 2024 during which the group produced 88koz of gold with average All In Sustaining Costs (“AISC”) of US$1,078/oz, well below the industry average of US$1,400/oz. Revenue for the year was US$178m with Adj. EBITDA of US$105m and NPAT of US$61m. The company’s 2023 financials have been restated to take account of the 2024 merger between Steppe and Boroo Gold through which ....
