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Erdene Resource Development Corporation (ERD:CA) Q2 2026 Earnings Call Transcript

Erdene Resource Development TSE: ERD reported higher second-quarter gold production and lower unit costs as the Bayan Khundii Gold Mine in southwestern Mongolia continued its ramp-up toward steadier operations.

Q2 2026 Highlights: Bayan Khundii Gold Mine produced and sold 11,709 ounces gold at an average price of US$4,493/oz for US$53M in gross revenues Operated Bayan Khundii at 94% of target throughput and recovered 96% of gold, exceeding expectations Advanced preliminary economic assessment for Zuun Mod molybdenum-copper porphyry project with results expected in mid-H2 2026 Completed maiden drill program at Tereg Uul near Oyu Tolgoi intersecting anomalous gold and silver along a 1.5 kilometre mineralized structure  HALIFAX, Nova Scotia, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN; OTCQX: ERDCF) ("Erdene" or the "Company") is pleased to announce operating and financial results for the three and six months ended June 30, 2026, and to provide an update on the Bayan Khundii Gold Mine (“BK”), operated by Erdene Mongol LLC (“EM”), the Company's joint venture with Mongolian Mining Corporation (“MMC”). This release should be read in conjunction with the Company's Q2 2026 Financial Statements, MD&A, and Annual Information Form, available on the Company's website and SEDAR+.