TSX:ERDMetals and Mining
Erdene Resource Development (TSX:ERD) Is Up 17.8% After Pouring First Gold At Bayan Khundii
Erdene Resource Development has poured first gold at its Bayan Khundii open-pit mine in Mongolia and moved toward nameplate production, positioning the operation as the core of a broader minerals district.
The company plans to materially increase exploration spending in 2026 to test nearby prospects and potentially extend Bayan Khundii’s mine life and metal mix beyond current reserves.
We’ll now examine how first gold at Bayan Khundii and plans for a broader minerals district influence...