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Highlights
- Q1 net loss increased to $4.5M, up 68% YoY due to project and staff-related expenses
- Bayan Khundii Project 92% complete; first gold production expected in late Q3 2025
- Over 160 local residents trained for mine roles, with 23% of workforce female
Erdene Resource Development Corp. (TSX: ERD; MSE:ERDN) posted a net loss of $4.5 million for Q1 2025, a 68% increase from the $2.7 million loss reported in the same period last year. The rise was attributed to increased exploration and evaluation costs, incentive payments, and non-capitalized interest tied to financing arrangements.
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