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RY 178.31 -0.4911% SHOP 170.14 -2.3082% TD 101.23 -0.5502% ENB 62.07 1.2066% BN 92.76 0.0% BAM 85.77 -0.7062% TRI 276.26 0.1922% BMO 155.73 0.0% CSU 4857.0 0.2986% CP 104.8 0.489%
RY 178.31 -0.4911% SHOP 170.14 -2.3082% TD 101.23 -0.5502% ENB 62.07 1.2066% BN 92.76 0.0% BAM 85.77 -0.7062% TRI 276.26 0.1922% BMO 155.73 0.0% CSU 4857.0 0.2986% CP 104.8 0.489%

Erdene Resource (TSX:ERD) Reports Q1 2025 Loss of $4.5M, Bayan Khundii Gold Project Nears Completion

Wed 14 May 25, 11:57 AM |

Image source: Shutterstock

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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