Erdene Resource Development Corporation
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Peter C. Akerley
- Full Time Employees
- 11
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 170 Cromarty Drive Dartmouth NS Canada B3B 0G1
- IPO Date
- May 7, 2004
- Website
- erdene.com
- Similar Companies
- Business
- Erdene Resource Development Corporation (TSX: ERD) explores and develops precious and base metal deposits in underexplored regions of Mongolia; its primary projects encompass the Khundii Minerals District including the high-grade Bayan Khundii gold project, Altan Nar gold-silver-lead-zinc deposit, Greater Dark Horse high-grade gold prospect, Ulaan porphyry copper prospect, Zuun Mod molybdenum-copper porphyry deposit and Khuvyn Khar exploration target. The company targets gold, copper, molybdenum, silver, lead and zinc resources within the eastern Central Asian Orogenic belt in southwest Mongolia near the Chinese border. Erdene operates three mining licenses and one exploration license covering significant land packages such as 2,309 hectares at Bayan Khundii and 4,669 hectares at Altan Nar, positioning it as a multi-asset developer in a prospective mining jurisdiction. In January 2023, Erdene formed a strategic alliance with Mongolian Mining Corporation (MMC), Mongolia's largest independent miner, culminating in MMC's US$40 million investment for a 50% stake in Erdene Mongol LLC in January 2024; this partnership supports Bayan Khundii development through shared infrastructure and reduced capital costs. In January 2024, Erdene Mongol formally commences construction at Bayan Khundii targeting first production by mid-2025 with up to 150,000 ounces annual gold output potential, backed by an up to US$80 million senior debt facility from MMC and Erdene finalized in February 2024; early construction works completed in late 2023. Most recently in July 2025, Erdene executes an agreement to acquire up to 80% interest in the Tereg Uul copper-gold porphyry prospect in Kazakhstan, expanding beyond Mongolia; in October 2025, the company announces an updated resource estimate for Zuun Mod molybdenum-copper deposit. Erdene Resource Development Corporation, founded in 2000 and headquartered at 99 Wyse Road Suite 1480 in Dartmouth, Nova Scotia, Canada, maintains an office in Ulaanbaatar, Mongolia; subsidiaries include Erdene Mongol LLC holding key Mongolian assets. The company lists on the Toronto Stock Exchange, OTC Markets and Mongolian Stock Exchange, serving institutional and retail investors focused on emerging mining districts with infrastructure advantages linking to China.
Company News
Erdene's Zuun Mod PEA Targets $745M NPV, 34-Year Molybdenum-Copper Mine
Erdene Resource Development Corporation (ERD:CA) Discusses Preliminary Economic Assessment Results for Zuun Mod Molybdenum-Copper Project Transcript
Erdene Announces Preliminary Economic Assessment Results for Zuun Mod Molybdenum-Copper Project
Erdene to Announce Zuun Mod Molybdenum-Copper Project Preliminary Economic Assessment Results on October 14, 2026
Erdene Resource Development Corporation (ERD:CA) Q2 2026 Earnings Call Transcript
Erdene Resource Development Q2 Earnings Call Highlights
Erdene Announces Q2 2026 Results
Erdene Provides Q2 2026 Bayan Khundii Gold Mine Update and Notice of Conference Call and Webcast
Erdene Announces Intention to Launch Normal Course Issuer Bid
Erdene Resource Development Corporation (ERD:CA) Shareholder/Analyst Call Transcript
Erdene Resource Development: The Market Is Sleeping On This Mining Company In Mongolia
Erdene Announces Results of Annual General and Special Meeting
Erdene Releases 2026 Shareholder Letter and Provides Investor Update Webcast
Erdene Resource Development Corporation (ERD:CA) Q1 2026 Earnings Call Transcript
Erdene Announces Q1 2026 Results
Erdene Provides Q1 2026 Bayan Khundii Gold Mine Update
Erdene Announces 2025 Results - Provides Bayan Khundii Gold Mine and Exploration Update
Erdene Provides Notice of Release of Fourth Quarter and Full Year 2025 Results and Conference Call
Video - CEO Clips: Erdene Resource Development Advances High-Grade Gold Project in Mongolia
Erdene Expands Mineralization at Zuun Mod Molybedenum-Copper Project