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Erdene reports Q3 2026 net income of $9.6M, strong gold sales, and advances exploration in Mongolia.

Company Fundamentals
05 Nov 2026, 00:15 WIB
GlobeNewsWire
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Bullish
Erdene reports Q3 2026 net income of $9.6M, strong gold sales, and advances exploration in Mongolia.

Erdene Resource Development Corporation announced a net income of $9.6 million for Q3 2026, driven by the production and sale of 11,853 ounces of gold generating $51 million in revenue at the Bayan Khundii Gold Mine. The company improved operations with higher plant throughput and gold recoveries, repaid $30 million in project debt, and expanded mining zones for better grades. Erdene also launched a 16,500-metre drill program targeting gold, copper, and molybdenum across its Khundii Minerals District and released a positive Preliminary Economic Assessment for its Zuun Mod molybdenum-copper project, highlighting a large-scale, long-life operation with strong economics. Exploration and development efforts continue with multiple drilling programs and geophysical surveys to grow resources and support future production.

Erdene Resource Development Corporation's Q3 2026 results provide context for market watchers as of Nov 05, 2026 05:01 WIB. On Pluang, 109 of 150 priced US stocks rose while 41 fell today. Notable movers include LCID at USD 3.37 with a 1-day change of +11.59% and a nearly balanced Pluang order activity of 49% Sell / 51% Buy, NVAX at USD 10.71 up +10.64% with 16% Sell / 84% Buy, and NEM at USD 118.14 gaining +9.93% with 53% Sell / 47% Buy. The most notable figure is LCID's +11.59% daily increase.

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