Erdene reported operating and financial results for Q3 and the nine months ended September 30, 2026. The Bayan Khundii Gold Mine, operated by joint venture Erdene Mongol LLC with Mongolian Mining Corporation, produced and sold 11,853 ounces of gold for US$51M in gross revenue, and the company recorded net income of $9.6 million for the quarter; the joint venture repaid US$30 million of project debt. A 16,500 metre drill program was launched across the Khundii Minerals District to test gold, copper and molybdenum targets, and after quarter end the preliminary economic assessment for the Zuun Mod molybdenum-copper project was delivered. The PEA reports an after-tax NPV8% of US$745 million and 16.1% IRR at long-term prices of US$25.00/lb molybdenum and US$5.00/lb copper, with a 34-year mine life.
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