Erdene Resource Development Corp

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Description

Erdene Resource Development Corp are a gold focused junior, emerging mid-tier producer with one producing mine in Mongolia, two mines in development in Mongolia and one exploration property. Currently they produce roughly 30koz. of gold per year. They have approximately 0.8Moz. of gold in the reserves and resources category of which 0.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$281.1M which is a fall of roughly 14% over the last two months. As of 08/31/2026 they have ~C$64M debt and ~C$33.52M cash. They have 65M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.