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Home CompaniesErdene Resource Development Corp

Erdene Resource Development Corp

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
5.41 CAD 0.25 ( 4.84%)
Last update at 2026-11-04T20:46:00Z
VOLUME
59687
Market Cap
433.93M

Momentum Score

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Erdene Resource Development Corporation focuses on the exploration and development of precious and base metal deposits in Mongolia. The company primarily explores copper, molybdenum, gold, silver, lead, and zinc deposits. The company's principal project is the Bayan Khundii Gold Project located in Bayankhongor province, Mongolia. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May 2008. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
5.20
Low
5.46
High
52 Week Price Range
4.86
Low
10.95
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Erdene Resource Development Corp is a Canada-listed mineral exploration and development company focused on gold and base-metal projects in Mongolia, including assets in the Khundii gold district. Long-term growth may be driven by advancing development-stage deposits toward production, systematic district exploration to expand resources, and securing partnerships or financing to support mine construction. Investors may find exposure to near‑term project optionality and broader exploration upside appealing.
The most important investment risks include geopolitical and regulatory exposure in Mongolia, execution and financing risk for project development, commodity price volatility and inherent exploration uncertainty.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
5.16
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
0.00
ROE
-14.02%
Net Debt
-4.57M
ROCE
-11.81%
Diluted EPS TTM
-0.13

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -8.18M -8.25M -3.74M -5.99M -5.57M
Net income -8.18M -8.25M 0.52M -17.99M -5.42M
Selling general administrative 4.00M 5.04M 3.14M 2.18M 1.94M
Selling and marketing expenses - 1.85M 0.85M - -
Gross profit -0.03M -0.03M -0.04M -0.04M -0.04M
Reconciled depreciation 0.03M 0.03M 0.04M 0.14M 0.08M
Ebit -6.45M -3.51M -3.98M 6.02M 5.72M
Ebitda -6.42M -3.48M -3.95M -5.82M -5.58M
Depreciation and amortization 0.03M 0.03M 0.04M -11.84M -11.30M
Operating income -6.45M -5.40M 3.98M 6.02M 5.72M
Other operating expenses 6.45M 5.40M -3.98M 6.02M 5.72M
Interest expense 0.00M 1.50M 0.00M 0.01M 0.01M
Interest income 0.19M 1.35M 0.27M 0.06M 0.15M
Net interest income 0.18M -1.33M 0.27M 0.05M 0.05M
Income tax expense - - -4.27M 12.00M -0.15M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 6.42M 5.37M -3.98M 5.98M 5.68M
Cost of revenue 0.03M 0.03M 0.04M 0.04M 0.04M
Total other income expense net -1.74M -2.85M -7.73M -12.00M -11.29M
Net income from continuing ops -8.18M -8.25M 0.52M -5.99M -5.57M
Net income applicable to common shares - -8.25M 0.52M -5.99M -5.57M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 56.07M 63.00M 59.06M 52.53M 46.54M
Intangible assets - - 0.00M - -
Other current assets 0.22M - 1.46M 1.36M 1.01M
Total liab 1.53M 0.78M 0.19M 0.91M 0.81M
Total stockholder equity 54.53M 62.22M 58.88M 51.62M 45.73M
Other current liab 1.44M - 0.16M - -
Common stock 170.72M - 158.09M 157.88M 145.15M
Capital stock 170.72M 165.59M 158.09M 157.88M 145.15M
Retained earnings -144.94M -136.75M -128.51M -129.03M -123.04M
Cash 4.66M 7.30M 4.35M 7.42M 7.06M
Cash and equivalents - - - - 7.06M
Total current liabilities 1.47M 0.78M 0.19M 0.89M 0.73M
Current deferred revenue - - -0.16M - -
Net debt -4.57M - -4.33M -7.34M -6.91M
Short term debt 0.02M - 0.02M 0.06M 0.07M
Short long term debt total 0.09M - 0.02M 0.08M 0.15M
Other stockholder equity 30.49M - 30.15M 28.73M 26.65M
Property plant equipment - - - 43.55M 38.40M
Total current assets 5.19M 7.38M 5.81M 8.86M 8.10M
Long term investments 46.93M 53.11M 51.25M - -
Net tangible assets - - - 51.50M 45.68M
Net receivables 0.32M 0.01M 0.01M 0.08M 0.02M
Accounts payable 1.44M 0.78M 0.16M 0.83M 0.66M
Accumulated other comprehensive income -1.74M - -0.85M -5.95M -3.03M
Non currrent assets other 3.78M - 1.96M - -
Non current assets total 50.87M 55.62M 53.25M 43.67M 38.45M
Capital lease obligations 0.09M 0.00M 0.02M 0.08M 0.15M
Long term debt total - - - - 0.09M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -0.21M -1.03M -8.21M -8.77M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -1.55M -0.21M -1.03M -8.21M -8.77M
Net borrowings -0.01M - - -0.06M -0.04M
Total cash from financing activities 3.36M 6.42M 0.03M 13.74M 8.14M
Change to operating activities - - - -0.25M -0.67M
Net income -8.18M -8.25M 0.52M -5.99M -5.57M
Change in cash -2.64M 2.95M -3.07M 0.36M -5.74M
Begin period cash flow 7.30M 4.35M 7.42M 7.06M 12.80M
End period cash flow 4.66M 7.30M 4.35M 7.42M 7.06M
Total cash from operating activities -4.44M -3.30M -2.05M -5.14M -5.24M
Issuance of capital stock - - 0.00M 13.78M 5.59M
Depreciation 0.03M 0.03M 0.04M 0.14M 0.08M
Other cashflows from investing activities - 0.16M 0.02M 0.06M 0.06M
Change to account receivables -0.30M - - - -
Sale purchase of stock - 6.44M 0.06M 13.80M 8.18M
Other cashflows from financing activities -0.01M - 0.06M 0.02M 2.58M
Change to netincome - - - 0.96M 0.91M
Capital expenditures 0.05M 0.38M 1.05M 8.27M 8.83M
Change in working capital 0.21M 2.00M 0.34M -0.25M -0.67M
Stock based compensation 1.59M 1.57M 1.57M 1.01M 1.07M
Other non cash items 3.51M -0.16M -4.51M -0.04M -0.06M
Free cash flow -4.49M -3.67M -3.09M -13.41M -14.07M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
ERD
Erdene Resource Development Corp		 0.25
4.84%		 5.41 - - 12.59 8.81 6.61 -15.18
TECK-B
Teck Resources Limited		 3.08
3.56%		 89.53 12.14 9.12 1.91 0.97 2.53 6.34
TECK-A
Teck Resources Limited		 3.11
3.60%		 89.47 12.13 9.34 1.91 0.99 2.58 6.47
IVN
Ivanhoe Mines Ltd.		 -0.50
5.63%		 8.38 44.19 31.45 37.10 2.17 30.10 40.94
NGEX
NGEx Minerals Ltd.		 0.98
4.70%		 21.83 - - - 13.49 - -21.12

Profile*

Erdene Resource Development Corp

Erdene Resource Development Corporation focuses on the exploration and development of precious and base metal deposits in Mongolia. The company primarily explores copper, molybdenum, gold, silver, lead, and zinc deposits. The company's principal project is the Bayan Khundii Gold Project located in Bayankhongor province, Mongolia. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May 2008. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada.

170 Cromarty Drive, Dartmouth, NS, Canada, B3B 0G1

902-423-6419

https://www.erdene.com

476

Name Title Year Born
Mr. Peter C. Akerley B.Sc. Pres, CEO & Director 1963
Mr. Robert L. Jenkins VP & CFO NA
Mr. Michael X. Gillis B.Sc. VP of Exploration NA
Mr. Jon M. L. Lyons VP of Projects NA
Ms. Bayarmaa Bagabandi Chief Admin. Officer NA
Ms. Diane E. Webber Director of External Relations & Communications NA
Mr. Michael C. Corey Chief Geologist of Mongolia NA
Mr. Gendenjamtsyn Bat-Erdene Sr. Geologist NA
Ms. D. Suzan Frazer LL.B. Corp. Sec. 1955
Mr. Peter C. Akerley B.Sc. President, CEO & Director 1963

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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