Erdene swings to Q2 FY26 net income of C$9.99 million; Bayan Khundii gold output climbs 37% to 11,709 oz vs Q1 FY26

Reuters2026/08/14 21:15

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Erdene swung to net income of C$9.99 million for the three months ended June 30, 2026, from a net loss of C$4.12 million.
Income from investment in associate rose to C$11.2 million from a loss of C$3 million, reflecting Bayan Khundii output.
Bayan Khundii produced and sold 11,709 ounces of gold, up 37% from Q1, generating revenue of US$53 million at US$4,493/oz.
Throughput averaged 1,682 tonnes per day, running at 94% of target, while gold recovery of 96% beat the 93% plan.
Management flagged a Zuun Mod PEA due mid-H2 2026, while Erdene extended the Tereg Uul option with a US$400,000 payment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Erdene Resource Development Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608141715PRIMZONEFULLFEED9810641) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Erdene swings to Q2 FY26 net income of C$9.99 million; Bayan Khundii gold output climbs 37% to 11,709 oz vs Q1 FY26

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