Erdene Resource Development - First Gold Pour at Bayan Khundii & What Comes Next

The KE Report

Peter Akerley, President & CEO, Erdene Resource Development (TSX:ERD - MSE:ERDN - OTCQB:ERDCD) joins us to provide a company overview and discuss the first gold pour (announced Sept 14) at the high-grade, open-pit Bayan Khundii mine in Mongolia. Peter outlines the production ramp-up, cash flow outlook, mine-life extension plans, and exploration priorities.

What we cover

• Bayan Khundii milestone: First gold pour achieved; targeting nameplate ~85–90 koz/yr by year-end, leveraging high-grade open-pit feed and strong margins.
  
• Costs & cash flow: Updated view from the 2023 Feasibility - AISC tracking in the ~$1,100–$1,150/oz range after royalties and capex inflation; at current prices, management frames Bayan Khundii as a “cash machine” at steady state.
  
• Mine life growth: Resource/reserve expansion targeted around the pit with path to 10+ years through lower cut-offs, in-pit/near-pit drilling, and satellite oxides.
  
• Near-mine discoveries: Dark Horse (shallow, oxide, potential for heap-leach add-on) and a blind target ~0.5 km west of the pit showing multi-g/t intercepts at depth.
  
• District scale: Earlier discovery Altan Nar to be revisited as cash flow builds.
  
• Partnership & build: 50/50 JV with a leading Mongolian mining group.
  
• Balance sheet & debt: Shareholder loan targeted for rapid paydown as production stabilizes; exploration continues in parallel given robust operating cash generation.
  
• News flow ahead: Commercial production/nameplate updates, near-mine drill results, expansion studies, and broader district exploration.
  

Click here to visit the Erdene Resource Development website.

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