202618 releases
Erdene Provides Q3 2026 Update and Notice of Conference Call and Webcast
Bayan Khundii processed 164 thousand tonnes of ore at 1,788 tonnes per day and 2.3 g/t gold with 96% recoveries in Q3 2026, with Erdene Mongol selling 11,853 ounces of gold and 3,046 ounces of silver at $4,315/oz and $62/oz for $51 million (C$71 million) gross revenue, and repaying $20 million of debt to leave $93 million outstanding. About 16,000 metres of drilling is planned across the Khundii Minerals District in Q4, plus a 102 line-kilometre 3D DCIP and MT survey at Zuun Mod–Khuvyn Khar. Q3 results are due November 4, 2026, with a call November 5 at 9:00 AM ET.
CorporateErdene Announces Preliminary Economic Assessment Results for Zuun Mod Molybdenum-Copper Project
A preliminary economic assessment for the wholly-owned Zuun Mod Molybdenum-Copper Project in southwest Mongolia outlines an after-tax NPV8% of US$745 million and a 16.1% IRR at US$25.00/lb molybdenum and US$5.00/lb copper, rising to US$2.0 billion and 27.8% at spot prices of US$33.00/lb and US$6.50/lb. The 34-year, 25 Mtpa open-pit plan would recover 672 million lb molybdenum and 947 million lb copper, with upfront capital of US$687 million and AISC of US$13.89/lb Mo. Drilling begins in late October.
Study resultsErdene to Announce Zuun Mod Molybdenum-Copper Project Preliminary Economic Assessment Results on October 14, 2026
Results of the Preliminary Economic Assessment for the Zuun Mod Molybdenum-Copper Project in Mongolia will be released on October 14, 2026, after market hours. Management will host a conference call and webcast to discuss the results on Thursday, October 15, 2026, at 9:00 AM Eastern Time, with dial-in numbers 1 800 717 1738 (North America toll free) and 1 289 514 5100 (Toronto/overseas). A webcast replay will be available for one year.
Study resultsErdene Enters Into Automatic Securities Purchase Plan
An automatic securities purchase plan has been established in connection with Erdene Resource Development's previously announced normal course issuer bid, under which it may purchase up to an aggregate 4,900,000 common shares for cancellation. The plan, pre-cleared by the Toronto Stock Exchange, allows a designated broker to buy shares during internal trading blackout periods or when regulatory restrictions apply. Erdene is not obligated to purchase any specific number of shares and may suspend or terminate the bid at any time.
AcquisitionErdene Announces Q2 2026 Results
The Bayan Khundii Gold Mine in Mongolia, held through the 50%-owned Erdene Mongol joint venture, produced and sold 11,709 ounces of gold and 3,317 ounces of silver in Q2 2026, up 37% from Q1, at average prices of US$4,493/oz and US$72/oz for US$53 million revenue against US$24 million cost of revenue; it processed 153 thousand tonnes at 2.4 g/t gold with 96% recoveries. Erdene recorded net income of $9,993 thousand versus a $4,122 thousand loss a year earlier. A Zuun Mod molybdenum-copper PEA is expected mid-H2 2026, and an 11-hole, 2,710 metre maiden program at Tereg Uul intersected anomalous gold and silver over 1.5 kilometres.
CorporateErdene Provides Q2 2026 Bayan Khundii Gold Mine Update and Notice of Conference Call and Webcast
The Bayan Khundii Gold Mine in Mongolia, operated by Erdene Mongol LLC, produced 11,709 ounces of gold in Q2 2026, 37% above the prior quarter, bringing production to 27,670 ounces since first pour in September 2025. The mine processed 153 thousand tonnes of ore at 1,682 tonnes per day, grading 2.4 g/t gold with 96% recoveries, and sold 11,709 ounces of gold and 3,317 ounces of silver at $4,493/oz and $72/oz for gross revenues of $53 million (C$75 million). Q2 results will be released August 14, 2026, with a conference call August 17, 2026 at 10:00 AM Eastern Time.
CorporateErdene Announces Intention to Launch Normal Course Issuer Bid
Erdene Resource Development intends to launch a normal course issuer bid to purchase up to 4,900,000 common shares for cancellation, about 10% of its 49,386,538 public float as of June 17, 2026, when 65,493,042 shares were outstanding. The bid runs from June 30, 2026 to June 29, 2027, with daily TSX purchases capped at 41,011 shares, or 25% of the 164,046-share average daily volume for the six months ended May 31, 2026. The company has not previously completed an NCIB.
CorporateErdene Announces Results of Annual General and Special Meeting
Shareholders approved all items of business at the Annual General and Special Meeting held May 28, 2026 in Halifax, Nova Scotia, electing all five director nominees — Peter C. Akerley, Dr. Anna G. Biolik, T. Layton Croft, Kenneth W. MacDonald and Cameron McRae — with support ranging from 99.11% to 99.61%. MNP LLP was appointed auditor, and unallocated rights under the 10% rolling Omnibus Equity Incentive Plan were approved. The board reappointed Akerley as President and CEO and Croft as Chairman.
CorporateErdene Releases 2026 Shareholder Letter and Provides Investor Update Webcast
The 2026 Letter to Shareholders from President and CEO Peter Akerley has been published, noting the commissioning of the Bayan Khundii Gold Mine in Mongolia last year, ten years after high-grade gold was discovered at surface. The letter outlines plans to advance near-mine expansion at Bayan Khundii along with Altan Nar and Zuun Mod in the Khundii Minerals District. Erdene will hold its Annual and Special Meeting and an investor update on May 28, 2026 at 10:00 a.m. Atlantic time in Halifax, Nova Scotia, with webcast access and a one-year replay.
CorporateErdene Announces Q1 2026 Results
The Bayan Khundii Gold Mine in Mongolia, held through the 50%-owned Erdene Mongol joint venture with Mongolian Mining Corporation, produced and sold 8,527 ounces of gold and 3,135 ounces of silver in Q1 2026 at average prices of US$4,872/oz and US$80/oz for US$42 million (C$57 million) in revenue, a 20% increase over Q4 2025. Commercial production was achieved at 94% of target throughput with 96% gold recovery and a 1.9 g/t average feed grade. Net income was $4,764 versus a $4,501 loss a year earlier, and a $28,747 bought deal private placement closed in February 2026 at $8.90 per share.
CorporateErdene Provides Q1 2026 Bayan Khundii Gold Mine Update
The Bayan Khundii Gold Mine in Mongolia, operated by Erdene Mongol LLC, processed 151 thousand tonnes of ore at 1,675 tonnes per day (94% of target throughput) in Q1 2026, at an average grade of 1.9 g/t gold with recoveries above 96% versus a 93% forecast; March feed grades averaged 2.7 g/t. Sales totalled 8,527 ounces of gold and 3,135 ounces of silver at $4,872/oz and $80/oz, for gross revenues of $42 million (C$57 million). Q1 results will be released May 6, 2026, with a call May 7.
CorporateErdene Announces 2025 Results
Construction, commissioning and permitting of the Bayan Khundii Gold Mine in Mongolia, held through the 50%-owned Erdene Mongol joint venture with MMC, were completed in Q3 2025, with first gold poured in September and 7,434 ounces of gold and 2,634 ounces of silver sold at average prices of US$4,187/oz and US$54/oz for US$31M in gross project revenues; direct construction costs totaled US$120 million. The net loss for 2025 was $8,181,842, versus $8,245,886 in 2024. An updated Zuun Mod resource estimate was issued in October, with a PEA planned for mid-2026.
CorporateErdene Provides Notice of Release of Fourth Quarter and Full Year 2025 Results and Conference Call
Fourth quarter and full year 2025 financial results will be released on March 24, 2026, after market hours. Management will host a conference call and webcast on Wednesday, March 25, 2026, at 9:00 AM Eastern Time to discuss operating and financial results and current business initiatives, with dial-in numbers 1-800-717-1738 (North America toll free) and 1-289-514-5100 (overseas or Toronto). A replay will be available at the webcast link for one year.
CorporateErdene Expands Mineralization at Zuun Mod Molybdenum-Copper Project
A 3,362-metre, 24-hole Q4 2025 drill program at the wholly owned Zuun Mod molybdenum-copper deposit in southwestern Mongolia returned near-surface intersections including 112 metres of 0.072% MoEq in ZMD-156 and 86 metres of 0.066% MoEq in ZMD-151, in areas previously modelled as low or no mineralization. Extension hole ZMD-98 returned 374 metres (76 to 450 metres) of 0.066% MoEq and ended in mineralization. Results will be incorporated into an updated resource model in Q1 2026 ahead of a preliminary economic assessment targeted for Q3 2026.
Drill resultsErdene Announces Closing of $25 Million Bought Deal Private Placement
A bought deal private placement of 3,230,000 common shares at $8.90 per share closed for gross proceeds of $28,747,000, including full exercise of the underwriters' option, with Paradigm Capital and National Bank Financial as co-lead underwriters and BMO Capital Markets. Proceeds will fund exploration and technical studies on the wholly-owned licence containing the Khuvyn Khar copper-porphyry system and Zuun Mod molybdenum-copper deposit in Mongolia, target evaluation and working capital. An insider acquired 568,000 shares; final TSX approval is pending.
FinancingErdene Announces $25 Million Bought Deal Private Placement
A bought deal private placement of 2,809,000 common shares at $8.90 per share for gross proceeds of $25,000,100 has been agreed with Paradigm Capital Inc. and National Bank Financial Inc. as co-lead underwriters, with an underwriters' option for up to 421,000 additional shares at the same price. Net proceeds will fund exploration and technical studies on properties outside the Mongolian Mining Corporation Strategic Alliance, including the Khuvyn Khar copper-porphyry licence hosting the Zuun Mod deposit. Closing is expected on or about February 5, 2026.
FinancingErdene Provides Bayan Khundii Gold Mine Update
The Bayan Khundii Gold Mine in Mongolia sold 7,434 ounces of gold and 2,634 ounces of silver in Q4 2025 at average prices of US$4,153/oz and US$53/oz, generating US$31 million (C$42.5 million) in gross project revenues. The plant processed 144,845 tonnes of ore averaging 2.0 g/t gold, or 1,508 tpd (77% of the 1,950 tpd nameplate), reaching nameplate throughput for much of December, with recoveries at or above the 93% forecast. Guidance will be updated once start-up completes, expected Q2 2026. Drilling of 5,433 metres at the Dark Horse and Altan Arrow prospects was completed, with results expected in Q1 2026.
CorporateErdene Intersects 30 metres of 1.25% Copper in Khuvyn Khar Porphyry System
Drill hole ZMD-162 at the wholly owned Khuvyn Khar copper-silver prospect in southwestern Mongolia returned 65 metres averaging 0.63% copper and 2.9 g/t silver from 286 metres, including 30 metres of 1.25% copper and 6.1 g/t silver. The altered, mineralized zone runs from 238 metres downhole to the end of the hole at 450 metres. The hole is three kilometres from the Zuun Mod molybdenum-copper deposit, with further drilling and geophysics planned in 2026 to test the system at depth.
Drill results
202516 releases
Zuun Mod – Mineral Resource Estimation Technical Report
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Resource updateErdene Files Updated Resource for the Zuun Mod Molybdenum-Copper Project
The NI 43-101 Technical Report titled "Zuun Mod Molybdenum-Copper Project, Mongolia," with an effective date of September 1, 2025, has been filed, following the October 2, 2025 announcement of an updated mineral resource estimate for the 100%-owned Zuun Mod molybdenum-copper porphyry project in the Khundii Minerals District of southwestern Mongolia. Oyunbat Bat-Ochir (MAIG) of SLR Consulting Australia Pty Ltd, independent of Erdene, is the Qualified Person who prepared the updated resource estimate. The report is available on Erdene's website and SEDAR+.
Resource updateErdene Announces Q3 2025 Results, Provides Bayan Khundii Mining and Exploration Update
First gold was poured at the Bayan Khundii Gold Mine in Mongolia on September 14, with nameplate production of 650,000 tonnes of ore and 85,000 oz gold per annum expected by end of 2025; Erdene Mongol, the 50%-held joint venture with Mongolian Mining Corporation, sold 342 oz gold and 96 oz silver at weighted average prices of US$3,805/oz and US$44/oz in the quarter, and 9,300 metres of drilling is underway at BK, Dark Horse and Altan Arrow. Erdene recorded a net loss of $2,748,830 for the three months ended September 30, 2025, versus $1,687,580 a year earlier.
CorporateErdene to Announce Q3 2025 Results on November 4, 2025
Third quarter 2025 results will be released on November 4, 2025, after market close. Management will host a conference call and webcast on November 5, 2025 at 10:00 am ET, with toll-free access at (+1) 800 717 1738 in Canada and the US and (+1) 289 514 5100 elsewhere. Questions may be submitted in advance to info@erdene.com. Erdene produces gold at the Bayan Khundii Gold Mine in Mongolia.
CorporateErdene Completes Share Consolidation
CorporateLetter to Shareholders – June 24, 2025
Construction at the Bayan Khundii gold mine in Mongolia is substantially complete, with state construction approvals received June 12, 2025, mining and ROM pad establishment underway, and plant equipment in commissioning; processing is expected to begin in late Q3 2025. The mine will process nearly 2,000 tonnes per day for about 85,000 ounces of gold annually at commercial production. A Zuun Mod molybdenum-copper Preliminary Economic Assessment is anticipated later this year.
Corporate