08:43 AM EST, 11/14/2025 (MT Newswires) -- Steppe Gold ( STPGF ) reported Friday lower net income in the third quarter.

The company booked a comprehensive income of US$7.1 million, or $0.027 per diluted share, dropping from $8.2 million, or $0.065 per diluted share, recorded a year ago.

Revenue was down to $29.4 million from $37.3 million.

With strong gold prices, Steppe said it expects to see strong operating cash flow in the fourth quarter driven by production at the Boroo gold mine in Mongolia.

"With encouraging exploration potential and one of the region's only large-scale processing facilities, Boroo is becoming a multi-asset hub, with growing opportunities to process both our own ore and third-party material," Chairman and Chief Executive Officer Bataa Tumur-Ochir said.

Steppe's share price closed 2.6% lower on Thursday to C$2.28 on the Toronto Stock Exchange.