Business
Steppe Gold : March 31, 2026 Q1 Interim Financials (Q1 Interim Financials)
Steppe Gold : March 31, 2026 Q1 Interim Financials (Q1 Interim
About this update from Steppe Gold Ltd.
Condensed Interim Consolidated Financial Statements For the three months ended March 31, 2026 and 2025 (Expressed in US Dollars) (Unaudited) Condensed Interim Consolidated Statements of Financial Position (All dollar amounts expressed in thousands of United States Dollars) Notes March 31, 2026 December 31, 2025 ASSETS Current assets Cash 3 73,061 68,295 Receivables and other assets 4 3,167 3,209 Due from related parties 5 - 2,114 Prepayments 6 4,453 4,621 Inventories 7 44,032 35,202 Investment in bonds 8 105,275 103,781 Total current assets 229,988 217,222 Long-term assets Property, plant and equipment 9 136,185 137,779 Right-of-use assets 10 7,432 707 Exploration and evaluation assets 1,643 1,643 Long term investments 315 225 Deferred tax asset 2,298 802 Total long-term assets 147,873 141,156 Total assets 377,861 358,378 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Amounts payable and other liabilities 11 11,705 10,762 Streaming arrangement in default 13 10,696 8,265 Current streaming arrangement 13 2,518 2,170 Convertible debenture - loan liability 14 2,760 - Convertible debenture - derivative 14 1,580 3,349 Triple Flag Gold Prepay Loan 15 7,514 7,207 Short-term loans payable 16 71,030 63,154 Current lease liability 17 2,875 314 Current tax liability 12,677 13,720 Due to Boroo Singapore 945 945 Total current liabilities 124,300 109,886 Long-term liabilities Asset retirement obligation 12 17,574 17,070 Non-current streaming arrangement 13 40,090 29,797 Convertible debenture - loan liability 14 - 2,697 Long-term loans payable 16 31,349 41,484 Non-current lease liability 17 3,155 319 BORO bond 18 - 14,300 Total long-term liabilities 92,168 105,667 Total liabilities 216,468 215,553 Shareholders' equity Share capital 19 55,422 55,422 Translation reserve (2,142) (1,509) Retained earnings 108,190 88,976 Total equity attributable to the owners of the Company 161,470 142,889 Non-controlling interest (77) (64) Total shareholders' equity 161,393 142,825 Total liabilities and shareholders' equity 377,861 358,378 Subsequent events 31 The accompanying notes are an integral part of these condensed interim consolidated financial statements. Approved on behalf of the Board: (Signed) "Tserenbadam Dugeree" , Director (Signed) "Batjargal Zamba" ,Director Condensed Interim Consolidated Statements of Income and Comprehensive Income (All dollar amounts expressed i...