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 three months ended 31 March 2024, Erdene Resource Development Corp revenues was not reported. Net loss totaled C$2.7M vs. income of C$5.4M. Net loss reflects Exploration and evaluation increase from C$67K to C$783K (expense), Share-based compensation increase from C$44K to C$686K (expense), Selling/General/Admin. Expen increase from C$180K to C$418K (expense). |
Employees: | 6 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $139.28M as of Mar 31, 2024 |
Annual revenue (TTM): | $0.00M as of Mar 31, 2024 |
EBITDA (TTM): | -$5.33M as of Mar 31, 2024 |
Net annual income (TTM): | -$1.02M as of Mar 31, 2024 |
Free cash flow (TTM): | -$2.04M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 346,273,176 as of May 7, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |