Erdene Resource Development Corp. is pleased to announce the execution of debt finance agreements for up to US$80 million with Mongolian Mining Corporation to fund construction of the high-grade, open-pit Bayan Khundii Gold Project in southwestern Mongolia. Peter Akerley, Erdene's President and CEO stated, "We are very pleased to close the [...]
Erdene Resource Development Corp. is pleased to announce the commencement of full construction at the high-grade, open-pit Bayan Khundii Gold Project in southwestern Mongolia and the close of the investment by Mongolian Mining Corporation as part of the Strategic Alliance Agreement to develop the Khundii Minerals District. Peter Akerley, Erdene's [...]
Erdene Resource Development Corp. is pleased to announce operating and financial results for the three and nine months ended September 30, 2023, and to provide an update on progress at its Bayan Khundii Gold Project . This release should be read in conjunction with the Company's Q3-2023 Condensed Consolidated Interim Financial Statements and MD&a [...]
Erdene Resource Development Corp. is pleased to provide an update on its Strategic Alliance with Mongolian Mining Corporation for the development of its high-grade, open-pit Bayan Khundii Gold Project in southwestern Mongolia. Strategic Alliance with MMC On January 10, 2023, Erdene executed a Strategic Alliance Agreement with MMC to develop the [...]
Erdene Resource Development Corp. is pleased to announce that further to its announcement of an updated independent Feasibility Study for the high-grade, open-pit Bayan Khundii Gold Project in southwest Mongolia, on August 15, 2023, the Company has now filed the Technical Report entitled "Bayan Khundii Gold Project, Feasibility Study Update, NI [...]
Erdene Resource Development Corp. is pleased to provide an update on progress at its high-grade, open-pit Bayan Khundii Gold Project in southwestern Mongolia. Quotes from the Company: "Development activities at the Bayan Khundii Gold Project are underway with the early works phase of the Project nearing completion," said Peter Akerley, President [...]
NI 43-101 Technical Report Highlights Base Case after-tax Net Present Value of US$170 million and 35.3% Internal Rate of Return , increasing to US$196 million and 38.95% IRR, respectively, at current gold price of US$1,900/oz Life of Mine Earnings Before Interest, Taxes and Depreciation of US$451 million, increasing to US$495 million at a [...]
Erdene Resource Development Corp. is pleased to announce operating and financial results for the three and six months ended June 30, 2023 and to provide an update on recent accomplishments in its Khundii Minerals District . This release should be read in conjunction with the Company's Q2-2023 Condensed Consolidated Interim Financial Statements and [...]
Erdene Resource Development Corp. is pleased to announce results of recent exploration at the Dark Horse Gold prospect, part of the greater Bayan Khundii Gold Project. The Dark Horse Gold prospect is located approximately two kilometers north of the planned Bayan Khundii open-pit in the Khundii Minerals District , in southwest Mongolia. Quotes from [...]
Erdene Resource Development Corp. is pleased to announce results from a recently completed 12-hole drill program at its 100% owned Zuun Mod molybdenum-copper porphyry project in southwestern Mongolia, located within the Khundii Minerals District, 35 kilometres east of the Bayan Khundii Gold Project . Quotes from the Company "Recent exploration at [...]
Erdene Resource Development Corp. is pleased to announce its shareholders voted in favour of all items of business brought before them at the Company's Annual and Special Meeting of Shareholders held on June 22, 2023 in Halifax, Nova Scotia. Details of the Meeting are provided below. Additionally, the Company is pleased to announce the appointment [...]
Erdene Resource Development Corp. is pleased to publish its 2023 Letter to Shareholders authored by President and CEO, Peter Akerley. To read the letter please visit: Letter_to_Shareholders "The past year has been one of great success for our Company," said Peter Akerley, Erdene's President and CEO. "As outlined in my letter to fellow shareholders [...]