Mongolian Mining Corporation (MOGLF)
- GlobeNewswire
Erdene Commences Construction at the High-Grade Bayan Khundii Gold Project and Finalizes Strategic Alliance With Mongolian Mining Corporation
Figure 1 Process Plant Foundations and Temporary Facilities – October 2023 Figure 2 Process Plant Foundations and Temporary Facilities – January 2024 Milestone Milestone HALIFAX, Nova Scotia, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce the commencement of full construction at the high-grade, open-pit Bayan Khundii Gold Project (“Bayan Khundii”, “BK” or "Project”) in southwestern Mongolia and the close
- GlobeNewswire
Erdene Provides Update on the Bayan Khundii Gold Project
Bayan Khundii Gold Project - Site Plan 650,000 TPA CIP Plant Designed to Produce ~85,000 oz Au Annually Bayan Khundii Gold Project 1,800 tpd CIP Process Plant Bayan Khundii Gold Project Process Plant Early Works Construction Bayan Khundii Gold Project Earthworks and Temporary Construction Infrastructure HALIFAX, Nova Scotia, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (“Erdene” or the “Company”) is pleased to provide an update on progress at its high-
- GlobeNewswire
Erdene Announces Positive Updated Feasibility Study for the Bayan Khundii Gold Project
Expanded reserves from Bayan Khundii and Maiden Dark Horse Resource result in 25% increase in production and strong NPV and IRRNI 43-101 Technical Report Highlights (US$1,800/oz Gold Price) Base Case after-tax Net Present Value of US$170 million (NPV5%) and 35.3% Internal Rate of Return (IRR), increasing to US$196 million and 38.95% IRR, respectively, at current gold price of US$1,900/ozLife of Mine Earnings Before Interest, Taxes and Depreciation of US$451 million, increasing to US$495 million
