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49364.66

( 351.65 0.72% )
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Top 20 Index 49364.66 351.65
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News

NOVEMBER 07, TRADING REPORT

2024-11-07 15:18:05

Total trade: MNT 21,208,289,093 (USD 6,221,355.28)      

"ERDENET INVEST" INVESTMENT FUND SHAREHOLDER MEETING HELD

2024-11-06 15:58:11

The shareholder meeting for the "Erdenet Invest" Investment Fund was held on October 25, 2024, at 10:00 AM, in a hybrid format (both in-person and online). The meeting took place at the Erdenet Factory Cultural and Art Complex (Mine Worker Cultural Palace) in Bayan-Undur District, Orkhon Province.

News

ERDENE ANNOUNCES 2020 FINANCIAL RESULTS AND PROVIDES BAYAN KHUNDII GOLD PROJECT & EXPLORATION UPDATES

2021-03-19 15:33:44

Erdene Resource Development Corp. (MSE:ERDN) announced operating and financial results for the year ended December 31, 2020 and to provide an update on its Bayan Khundii Gold Project.

“Despite the impact of COVID-19 on the global economy over the past year, our Company made significant progress executing on our two-pronged strategy of advancing the Bayan Khundii Gold Project towards development while expanding high-grade gold resources in our Khundii Gold District,” said Peter Akerley, Erdene’s President and CEO.
“Based on the strong economics of the high-grade, open-pit, BK Gold Project, outlined in the Feasibility Study delivered in August, we have commenced project finance and construction readiness,” continued Mr. Akerley. “In October we signed a mandate letter with Export Development Canada (“EDC”) to provide the majority of the capital required to build the mine and due diligence is progressing well. Construction readiness activities including detailed engineering continues as we seek to fast track this foundational project. A construction decision is expected in mid-2021, contingent upon the impact of the COVID-19 pandemic.” “Exploration results from our 2020 Khundii District Gold drill program were very positive,” added Mr. Akerley. “We intersected multiple zones of high-grade gold around the BK economic pit that are being incorporated into an updated resource, scheduled to be finalized in Q2 2021.”

Click here to see financial report.

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