Erdene Resource Development Corporation (T:ERD)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | Metropolitan Place Suite 1480, 99 Wyse Road, Dartmouth DARTMOUTH NS B3A 4S5 |
| Tel: | 1-902-4236419 |
| Website: | https://www.erdene.com |
| IR: | See website |
| Key People | ||
| Peter C. Akerley President, Chief Executive Officer, Director | Robert Jenkins Chief Financial Officer, Vice President | Darryn Broderick Director of Finance |
| Bayarmaa Bagabandi Chief Administrative Officer | Michael X. Gillis Vice President - Exploration | Jon M. L. Lyons Vice President - Projects |
| Bilguun Ankhbayar Vice President - Business Development | Gendenjamtsyn Bat-Erdene Senior Geologist | D. Suzan Frazer Corporate Secretary |
| Business Overview |
| Erdene Resource Development Corporation is a Canada-based resource company. The Company is focused on the acquisition, exploration, and development of precious and base metals in Mongolia. Its principal development is the Bayan Khundii Gold Project, located in Bayankhongor province, Mongolia. Its other projects include Altan Nar Gold Project, Dark Horse, Ulaan, Zuun Mod, and Khuvyn Khar. The Bayan Khundii Gold Project is located in Bayankhongor province in Mongolia and is comprised of the 2,309 hectares (ha) Khundii mining license. The Altan Nar Gold Project is located in Bayankhongor province in Mongolia, approximately 16 kilometers (km) north of its Bayan Khundii Gold Project. Dark Horse (Khar Mori) gold prospect is situated on the Bayan Khundii license, about three km north of the Bayan Khundii project. The Ulaan exploration license covers an area of approximately 1,780 ha, immediately west of the Khundii mining license. The Zuun Mod property is located in Bayankhongor province. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Erdene Resource Development Corp revenues was not reported. Net income totaled C$522K vs. loss of C$6M. Net income reflects Exploration and evaluation decrease of 78% to C$847K (expense), Finance income increase from C$58K to C$270K (income), Interest expense decrease of 78% to C$2K (expense). |
| Employees: | 6 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $130.24M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$3.95M as of Dec 31, 2023 |
| Net annual income (TTM): | $0.52M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$3.09M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 344,918,176 as of Feb 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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