HALIFAX, Nova Scotia - Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN; OTCQX:ERDCF) published its 2026 Letter to Shareholders today and announced its Annual and Special Meeting of Shareholders for Thursday.
The letter, authored by President and CEO Peter Akerley, discusses the commissioning of the Bayan Khundii Gold Mine, which the company states occurred last year. According to the statement, the project reached production ten years after the discovery of high-grade gold at the surface.
Akerley stated that the mine is generating cash flow and that the company plans to advance exploration and development activities in the Khundii Minerals District. The mine generated $112.17 million in revenue over the last twelve months, though operations face margin pressures with a gross profit margin of approximately 14%.
The company will hold its Annual and Special Meeting of Shareholders on Thursday at 10:00 a.m. Atlantic time in Halifax, Nova Scotia. The meeting will be accessible via webcast, with a replay available for one year following the event.
Erdene is a Canada-based resource company operating the Bayan Khundii Gold Mine in Mongolia. The company holds interests in precious and base metal projects in the Khundii Minerals District. Erdene trades on the Toronto Stock Exchange, the Mongolian Stock Exchange, and the OTCQX Market.
This article is based on a press release statement from Erdene Resource Development Corp. News by Bond.az.
