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Last C$0.14 CAD
Change Today -0.01 / -6.67%
Volume 1.9K
As of 10:57 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

erdene resource development (ERD) Snapshot

Open
C$0.14
Previous Close
C$0.15
Day High
C$0.14
Day Low
C$0.14
52 Week High
07/10/14 - C$0.19
52 Week Low
12/11/14 - C$0.09
Market Cap
13.6M
Average Volume 10 Days
65.6K
EPS TTM
C$-0.03
Shares Outstanding
97.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ERDENE RESOURCE DEVELOPMENT (ERD)

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erdene resource development (ERD) Details

Erdene Resource Development Corporation acquires, explores for, and develops mineral deposits. The company explores for copper, molybdenum, gold, silver, lead, zinc, and base metal deposits. Its principal projects include the Zuun Mod molybdenum-copper project consisting of 2 contiguous mining licenses that covers an area of approximately 6,399 hectares, located in Bayankhongor Province, Mongolia; and the Altan Nar gold project located in southwestern Mongolia. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May 2008. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada.

Founded in 2000

erdene resource development (ERD) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: C$138.0K
Chief Financial Officer, Vice President of Bu...
Total Annual Compensation: C$24.0K
Compensation as of Fiscal Year 2014.

erdene resource development (ERD) Key Developments

Erdene Resource Development Corporation Reports Earnings Results for the Full Year Ended December 31, 2014; Announces Drilling Updates

Erdene Resource Development Corporation reported earnings results for the full year ended December 31, 2014. For the year, the company reported net loss was $2,616,553 or $0.04 basic and diluted loss per share compared to $2,760,423 or $0.05 basic and diluted loss per share in 2013. Exploration expenditures, including capitalized costs, totaled $2,043,461 in fiscal 2014 compared to $1,916,116 in fiscal 2013. Expenditures were primarily directed toward the Altan Nar project and the Zuun Mod/Khuvyn Khar license under the Teck-Erdene alliance. The company also indicated Resource of 147,000 ounces ('oz') gold equivalent ('AuEq') averaging 2.5 g/t AuEq and Inferred Resource of 102,000 oz AuEq averaging 2.1 g/t AuEq, at a 1.0 g/t AuEq cut-off, within 1.8 million tonnes ('Mt') Indicated and 1.5 Mt Inferred, respectively 90% of Mineral Resource within 150 m of surface; open along strike and down dip. Initial Mineral Resource completed for two targets (Discovery Zone and Union North) with 16 undrilled and scout-drilled target areas along the 5.6 km mineralized trend that have good potential for hosting additional resources. Expansion drilling and preliminary scoping study planned for 2015 to consider development options including evaluating the concept of producing a high value gold, silver, lead and zinc concentrate(s) sold into neighboring China. Definition drilling at Discovery Zone returned widest and high grade zone to date with 30 m of 5.1 g/t AuEq including 8 m of 13.6 g/t AuEq. Drilling at the northern extent of Discovery Zone returned broad zones of low grade mineralization including 96 m of 1.0 g/t AuEq that remains open along strike and at depth. Drilling at Union North, 1.3 km northwest of Discovery Zone, returned 22 m of 2.9 g/t AuEq and below that 12 m of 5.4 g/t AuEq, within 35 m of surface.

Erdene Resource Development Corporation, Annual General Meeting, Jun 04, 2015

Erdene Resource Development Corporation, Annual General Meeting, Jun 04, 2015., at 17:30 Atlantic Standard Time. Location: Purdy's Wharf Tower II. Agenda: To receive the financial statements of the Corporation for the year ended December 31, 2014, together with the report of the auditor thereon; to elect directors of the Corporation for the forthcoming year; to appoint the auditor of the Corporation for the forthcoming year and to authorize the directors to fix the auditor's remuneration; to consider deferred stock unit plan; and to transact such further and other business as may properly come before the Meeting or any adjournment thereof.

Erdene Resource Development Corp. Provides Review of 2014 and First Quarter of 2015 Activities in Mongolia Project

Erdene Resource Development Corp. provided a review of 2014 and first quarter of 2015 activities on the company's principal projects in Mongolia in conjunction with its December 31, 2014 year-end financial results. The project and financial highlights include - Altan Nar Gold-Polymetallic Project (100% Erdene) ­ Initial Mineral Resource Estimate: Indicated Resource of 147,000 ounces (oz) gold equivalent (AuEq) averaging 2.5 g/t AuEq and Inferred Resource of 102,000 oz AuEq averaging 2.1 g/t AuEq, at a 1.0 g/t AuEq cut-off, within 1.8 million tonnes ("Mt") Indicated and 1.5 Mt Inferred, respectively; 90% of Mineral Resource within 150 m of surface; open along strike and down dip; Initial Mineral Resource completed for two targets (Discovery Zone and Union North) with 16 undrilled and scout-drilled target areas along the 5.6 km mineralized trend that have good potential for hosting additional resources; and Expansion drilling and preliminary scoping study planned for 2015 to consider development options including evaluating the concept of producing a high value gold, silver, lead and zinc concentrate(s) sold into neighboring China. Altan Nar Gold-Polymetallic Project ­ Drilling Highlights: Definition drilling at Discovery Zone returned widest and high grade zone to date with 30 m of 5.1 g/t AuEq including 8 m of 13.6 g/t AuEq; Drilling at the northern extent of Discovery Zone returned broad zones of low grade mineralization including 96 m of 1.0 g/t AuEq that remains open along strike and at depth; and Drilling at Union North, 1.3 km northwest of Discovery Zone, returned 22 m of 2.9 g/t AuEq and below that 12 m of 5.4 g/t AuEq, within 35 m of surface. Agreement with Tian Poh Resources Ltd: Tian Poh was granted a period of exclusivity to exercise an option to acquire an interest in Erdene's Zuun Mod molybdenum-copper project; Tian Poh can acquire and retain a 51% interest in Zuun Mod for USD 4.8 million in cash and equity in Tian Poh, and by meeting certain work commitments; Teck Resources Limited Alliance: Erdene continued to evaluate opportunities through its alliance with Teck, focused on regional exploration for base and precious metal targets in southwest Mongolia; and Erdene initiated an acquisition program under the alliance. Mongolian Government Update: Mongolia has made, and continues to focus on, significant legislative improvements for the mining and financing sectors; reduced the gold royalty from 10% to 2.5%; extended the maximum term of an exploration license from 9 to 12 years; and re-opened the mineral license staking system after a 5-year hiatus.

 

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