StocksMedium•4 November 2026•
1 min read
Erdene Reports $9.6M Q3 Net Income Driven by Strong Gold Production
Key Facts
1Erdene reported producing and selling 11,853 ounces of gold with gross revenues of $51 million in Q3.
2The company recorded a net income of $9.6 million for the three months ended September 30, 2026.
3The company launched a 16,500-metre drill program to test gold, copper, and molybdenum targets in the Khundii district.
Erdene Resource Development Corp recorded a net income of $9.6 million for the three months ended September 30, 2026. The company reported producing and selling 11,853 ounces of gold, generating gross revenues of $51 million during the quarter, according to a statement released via GlobeNewswire.
The results reflect the performance of the Bayan Khundii Gold Mine joint venture with Mongolian Mining Corporation. To support future growth, the company launched a 16,500-metre drill program targeting gold, copper, and molybdenum in the Khundii district, while gold recoveries remained stable at 96%.