6.20
+10.12%
Close of 9 Nov 2026, in CAD
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About Erdene Resource Development
Its shares trade on Toronto Stock Exchange under the ticker ERD.TO. It has been listed since 16 March 2004.
Erdene Resource Development Corp. engages in the acquisition, exploration, and development of precious and base metal deposits. The company is headquartered in Dartmouth, Nova Scotia. The company went IPO on 2004-03-16. The firm holds approximately four exploration licenses covering approximately 10,730 hectares and a mining license covering over 6,040 hectares. These include Altan Nar, a gold-polymetallic project that the Company is advancing toward a production decision; Bayan Khundii, an earlier-stage gold discovery; Khuvyn Khar, an early-stage copper-silver porphyry project with multiple drill targets and copper intersections; Zuun Mod, a molybdenum-copper porphyry deposit, and Altan Arrow, an early-stage gold-silver project. The Zuun Mod property is located in Bayankhongor Province southwest of Ulaanbaatar. In addition, the Company has an alliance with Teck Resources Limited on regional, copper-gold exploration in the Trans Altay region of southwest Mongolia.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 16 Mar 2004
- Employees
- 6
- Website
- erdene.com ↗
Leadership
Pay as last reported
- Mr. Thomas CroftIndependent Chairman of the BoardC$148,000
- Mr. Peter AkerleyPresident and Chief Executive Officer, Director, since 2003C$879,748
- Mr. Robert JenkinsChief Financial Officer, Vice PresidentC$492,529
- Dr. Anna BiolikIndependent DirectorC$109,200
- Mr. Kenneth MacDonaldIndependent Director, since 2003C$112,000
- Mr. Cameron McraeIndependent DirectorC$99,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Erdene Resource Development Corp holds four exploration licenses covering 10,730 hectares in Mongolia.
- The company has a mining license covering over 6,040 hectares for its Altan Nar project.
- Erdene has an alliance with Teck Resources Limited for copper-gold exploration in Mongolia.
Weaknesses
- Erdene employs only six full-time employees for its extensive operations in Mongolia.
- The company's Altan Nar project is still advancing toward a production decision.
- Erdene's Bayan Khundii project remains an earlier-stage gold discovery.
Opportunities
- Erdene's Zuun Mod property in Bayankhongor Province offers molybdenum-copper potential.
- The Khuvyn Khar project has multiple drill targets and copper intersections.
- Erdene's alliance with Teck Resources could lead to new copper-gold discoveries.
Threats
- Erdene's operations face challenges in Mongolia's remote regions.
- The company's early-stage projects require significant investment to advance.
- Erdene's small team of six employees may limit operational capacity.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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