The latest update is out from Erdene Resources ( (TSE:ERD) ).
Erdene Resource Development Corp. has reported significant progress in 2024, highlighted by the advancement of the Bayan Khundii Gold Project, which is set to become Mongolia’s largest primary gold producer. With construction over 80% complete, the project is on track for first gold production in Q3 2025. The company has also achieved substantial exploration success, with high-grade results from drilling activities, indicating strong growth potential. Additionally, Erdene has focused on community development and local employment, implementing a Local Cooperation Agreement and training local residents for employment at the mine.
More about Erdene Resources
Erdene Resource Development Corp. operates in the mining industry, focusing on the development of high-grade gold mines. Its primary project is the Bayan Khundii Gold Project in Mongolia, which is being developed in partnership with Mongolian Mining Corporation. Erdene is committed to exploring and expanding its mineral resources within the Khundii Minerals District.
YTD Price Performance: 36.84%
Average Trading Volume: 228,187
Technical Sentiment Signal: Sell
Current Market Cap: C$286.6M
See more insights into ERD stock on TipRanks’ Stock Analysis page.