Erdene Resource reported Q3 2026 production results for the Bayan Khundii Gold Mine, noting increased gold production and US$20 million in debt repayment. The company also highlighted the recent Preliminary Economic Assessment (PEA) for the Zuun Mod Molybdenum-Copper Project, which shows a base case NPV8% of US$745 million.
Erdene reported Q3 2026 production for the Bayan Khundii Gold Mine, noting gold production was slightly ahead of Q2 and $20 million in debt was repaid. The company also announced the completion of a Preliminary Economic Assessment (PEA) for the Zuun Mod Molybdenum-Copper Project, showing a base case NPV8% of $745 million.
Erdene Resource Development is utilizing strong cash flow from its Bayan Khundii gold mine to fund aggressive deep exploration in Mongolia's Khundii district. The company is targeting untested porphyry potential below 700m across multiple hydrothermal systems, including the Zuun Mod molybdenum-copper system.
Erdene reported strong Q2 2026 results, highlighted by a 37% increase in gold production at the Bayan Khundii mine and gold recoveries of 96%. The company also completed a maiden drill program at Tereg Uul showing anomalous gold and silver, and is advancing its Zuun Mod PEA.
Steppe Gold Ltd. provided a Q4 production update for its Boroo Gold mine in Mongolia, expecting quarterly production to exceed 23,000 oz. The company expects full-year 2025 production to reach 70,000 oz.
