Steppe Gold Ltd reported strong financial and operational results for the third quarter (3Q) of 2024. Strong Operational Performance: Both Boroo Gold LLC and Steppe Gold delivered solid production and sales results. Total revenue for the three and nine months ended September 30, 2024, amounted to $37,331 and $131,912, respectively.
Revenue for Boroo Gold for the three and nine months ended September 30, 2024, amounted to $27,397 and $121,978 on sales of 12,607 and 57,114 gold ounces and 2,833 and 11,833 silver ounces. Steppe Gold’s revenue from August 1, 2024, to September 30, 2024, amounted to $9,934 on sales of 3,769 gold ounces and 20,078 silver ounces.
Average realized prices for Boroo Gold for the three and nine months ended September 30, 2024, were $2,167 and $2,131 per gold ounce and $28 and $25 per silver ounce, respectively. Average realized prices for Steppe Gold for the period from August 1, 2024, to September 30, 2024, were $2,623 per gold ounce and $24 per silver ounce.
