Capital Markets Mongolia
Erdene Resource Development Corporation logo
Erdene Resource Development CorporationMSE: ERDNPublic CompanyMining
Erdene Resource Development Corporation logo

Erdene Resource Development Corporation

CMM Verified
MSE: ERDNPublic CompanyMining
Overview
Legal Name
Erdene Resource Development Corporation
Company Type
Public Company
Listing
MSE: ERDN
Industry
Mining
Founded
2000
Market Cap
MNT 1.2T
CEO
Peter C. Akerley
Website
www.erdene.com
Coverage
CMM Verified
About the Company

Erdene Resource Development Corporation is a Canadian-based geology and exploration company founded in 2000 that listed on the Mongolian Stock Exchange in April 2018. The company, led by CEO Peter Akerley and headquartered in Dartmouth, Nova Scotia, has a market capitalization of approximately 1.2 trillion MNT. Major shareholders include Mongolian Mining Corporation, CEO Peter Akerley, and prominent mining investor Eric Sprott.

Financial Performance
Metric202320242025
Net Profit522K(8.2M)(8.2M)
Operating Expenses (SG&A)4M6.9M6.4M
All figures in CAD. K = thousand, M = million, B = billion, T = trillion.Source: cmm-workbook
Ownership & Structure

Shareholders

Eric Sprott23%

Subsidiaries & Projects

6
  • Bayan Khundii: Flagship gold mine (in production).
    Subsidiary
  • Altan Nar: Gold-polymetallic project.
    Subsidiary
  • Ulaan & Dark Horse: Gold-copper satellite exploration targets.
    Subsidiary
  • Zuun Mod: Large Molybdenum-Copper deposit.
    Subsidiary
  • Khuvyn Khar: Copper-silver prospect.
    Subsidiary
  • Tereg Uul: Copper-gold prospect near Oyu Tolgoi.
    Subsidiary
Executive Team
PC
CEO
Peter C. Akerley
Chief Executive Officer
BB
Bayarmaa Bagabandi
Chief Administrative Officer
BA
Bilguun Ankhbayar
Chief Executive Officer, Erdene Mongol LLC
JM
Jon M. L. Lyons
Chief Development Officer, Erdene Mongol LLC
MX
Michael X. Gillis
Vice President Exploration
RJ
Robert Jenkins
Chief Financial Officer
Board of Directors
Board Chair
AB
Anna Biolik
Independent Director (Governance Chair)
KM
Ken MacDonald
Independent Director (Audit Chair)
LC
Layton Croft
Chairman of the Board (Independent)
Independent Directors
CM
Cameron McRae
Independent Director (Technical Advisor)
Sustainability
Sustainability Outcomes
Renewable energyPollution prevention and mitigationSustainable water and waste use
ESG PolicyNO
Sustainability DisclosureNO
Transition / Mitigation StrategyNO
Impact TrackedYES
Impact VerifiedNO
News & Research
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