1M6MYTD1Y5YMAX
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Erdene Resource Development starts gold production at Bayan-Khundii despite quarterly loss
Erdene Resource Development completed the Bayan-Khundii mine on budget and began first gold production in mid-September; 342 ounces were sold in September at $3,805/ounce. A reported $1.3m loss from the stake in Erdenet Mongol weighed on the third quarter, and cash on hand stood at $5.4m. The company targets commercial production by year-end and plans to process 650,000 tonnes of ore in 2026 for roughly 85,000 ounces of gold per year, focusing on debt repayment and expanded exploration. » More on de.investing.com
Financials
| (EUR) | Jun 2026 | |
|---|---|---|
| Revenue | 0 | - |
| Gross profit | -8.02K | 249.80% |
| Net profit | 6.17M | 339.85% |
| EBITDA | -856.98K | 66.61% |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €265.91M |
Number of shares | 65.32M |
52-week high/low | €6.81 - €2.56 |
| Dividends | No |
Beta | 1.53 |
P/E ratio | 28.90 |
PEG ratio | -0.04 |
P/B ratio | 4.45 |
P/S ratio | 0.00 |
Company profile
| Name | Erdene Resource Development |
| CEO | Peter C. Akerley |
| Employees | 500 |
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