Steppe Gold LtdMSE: STEPPublic CompanyMining

Steppe Gold Ltd

CMM Verified

MSE: STEPPublic CompanyMining

Legal Name: Steppe Gold Ltd
Company Type: Public Company
Listing: MSE: STEP
Industry: Mining
Founded: 2016
Market Cap: MNT 827B
CEO: Tserenbadam Dugeree
Parent Group: Boroo Pte Ltd. (Singapore)
Website: steppegold.com
Coverage: CMM Verified

About the Company

Steppe Gold Ltd. engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru, with its flagship project being the wholly owned Altan Tsagaan Ovoo property covering roughly 5,492 hectares in Ulaanbaatar, Mongolia. The company also holds the Boroo and Ulaanbulag mine property, spanning about 6,594 hectares in Mongolia, and is exploring the Uudam Khundii gold project covering 14,400 hectares in Bayankhongor province. Headquartered in Ulaanbaatar with a Toronto office, it's run by CEO Tserenbadam Dugeree and reported 2025 revenue of $254.1M (up 43% YoY) with net income of $32.7M

Metric	2023	2024	2025
Revenue	132M	178M	254M
Net Profit	56.3M	59.8M	32.8M
Gross Profit	70.8M	96.1M	138M
Operating Expenses (SG&A)	2.8M	9.3M	22.5M

All figures in USD. K = thousand, M = million, B = billion, T = trillion.Source: cmm-workbook

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