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Complete financial analysis of Erdene Resource Development Corporation (ERDCF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Erdene Resource Development Corporation, a leading company in the Industrial Materials industry within the Basic Materials sector.
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Erdene Resource Development Corporation (ERDCF)
About Erdene Resource Development Corporation
Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. It explores for copper, molybdenum, gold, silver, lead, and zinc deposits. The company principally holds a 100% interest in the Bayan Khundii Gold Project comprising 2,309 hectares located in the Bayankhongor province in Mongolia; and the Altan Nar Gold-Polymetallic project located in located in the Bayankhongor Aimag. It also holds interests in three mining licenses and two exploration licenses located in southwest 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 882.83K | 526.59K | 167.96K | 0.00 | 267.30K | 250.18K | 0.00 | 197.58K | 8.54K | 169.00 | 1.38K |
| Cost of Revenue | 36.96K | 38.09K | 37.35K | 36.85K | 18.05K | 6.19K | 6.50K | 7.75K | 365.64K | 406.75K | 382.46K | 790.25K | 5.17M | 2.79M | 3.57M | 0.00 | 0.00 | 2.86M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -36.96K | -38.09K | -37.35K | -36.85K | -18.05K | -6.19K | -6.50K | -7.75K | -365.64K | -406.75K | -382.46K | -790.25K | -4.28M | -2.26M | -3.40M | 0.00 | 267.30K | -2.61M | 0.00 | 197.58K | 8.54K | 169.00 | 1.38K |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -485.24% | -429.22% | -2,025.32% | 0.00% | 100.00% | -1,044.77% | 0.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 255.44K | 42.78K | 0.00 |
| General & Administrative | 3.14M | 2.18M | 1.94M | 1.83M | 1.60M | 2.11M | 2.44M | 1.44M | 379.81K | 322.33K | 556.99K | 1.65M | 9.84M | 2.59M | 1.94M | 2.25M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 847.01K | 0.00 | 0.00 | 0.00 | 0.00 | 201.07K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 3.98M | 2.18M | 1.94M | 1.83M | 1.60M | 2.11M | 2.44M | 1.44M | 379.81K | 322.33K | 556.99K | 1.65M | 9.84M | 2.59M | 1.94M | 2.25M | 2.38M | 2.33M | 1.36M | 1.09M | 382.19K | 48.59K | 0.00 |
| Other Expenses | -7.97M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -24.78K | 319.97K | 89.35K | 0.00 | 672.86K | 125.55K | -86.66K | 0.00 | 0.00 | 0.00 |
| Operating Expenses | -3.98M | 5.98M | 5.68M | 3.20M | 2.69M | 3.71M | 4.08M | 3.61M | 1.88M | 2.22M | 2.26M | 4.73M | 9.50M | 2.71M | 4.43M | 4.16M | 6.68M | 2.47M | 5.24M | 4.53M | 637.63K | 91.37K | 0.00 |
| Cost & Expenses | -3.98M | 6.02M | 5.72M | 3.24M | 2.71M | 3.72M | 4.08M | 3.62M | 2.25M | 2.63M | 2.64M | 4.73M | 14.67M | 5.49M | 4.43M | 4.16M | 6.68M | 5.33M | 5.24M | 4.53M | 637.63K | 91.37K | 0.00 |
| Interest Income | 269.61K | 58.38K | 55.02K | 62.86K | 36.51K | 50.82K | 91.51K | 11.96K | 4.93K | 2.94K | 8.79K | 96.38K | 82.57K | 89.94K | 223.36K | 483.14K | 412.48K | 303.46K | 155.86K | 184.10K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 2.42K | 11.04K | 9.34K | 1.66M | 165.93K | 0.00 | 0.00 | 0.00 | 74.00 | 418.00 | 1.55K | 3.83K | 40.44K | 32.68K | 29.86K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 36.96K | 136.59K | 82.51K | 54.39K | 32.27K | 20.93K | 18.29K | 14.95K | 16.65K | 20.31K | 29.09K | 37.56K | 358.54K | 408.41K | 317.13K | 86.64K | 71.68K | 148.52K | 35.79K | 13.94K | 1.55K | 0.00 | 0.00 |
| EBITDA | -3.95M | -5.88M | -5.58M | -3.19M | -2.68M | -3.70M | -4.06M | -3.60M | -2.22M | -2.61M | -2.60M | -4.60M | -13.34M | -4.49M | -2.80M | -4.08M | -6.34M | -4.93M | -5.17M | -4.53M | -630.27K | -91.20K | 1.38K |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -1,511.45% | -853.50% | -2,123.64% | 0.00% | -2,372.57% | -1,787.73% | 0.00% | -2,184.71% | -7,346.53% | -53,965.09% | 100.00% |
| Operating Income | 3.98M | 6.02M | 5.72M | -3.24M | -2.71M | -3.72M | -4.12M | -3.62M | -2.24M | -2.62M | -2.63M | -4.73M | -13.78M | -4.97M | -3.88M | -4.16M | -6.41M | -5.54M | -5.26M | -4.34M | -629.09K | -91.20K | 1.38K |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -1,561.41% | -943.43% | -2,312.46% | 0.00% | -2,399.38% | -2,214.98% | 0.00% | -2,198.33% | -7,364.68% | -53,965.09% | 100.00% |
| Total Other Income/Expenses | -3.46M | -12.00M | 149.12K | -9.87M | 23.22K | 59.08K | 54.32K | 1.12M | 4.85K | 2.52K | 7.24K | 92.56K | -4.68M | 235.25K | 2.30M | 572.50K | -1.05M | 212.68K | 98.82K | -93.14K | 2.73K | 0.00 | -1.38K |
| Income Before Tax | 522.04K | -5.99M | -5.57M | -13.12M | -2.68M | -3.66M | -4.03M | -2.50M | -2.24M | -2.62M | -2.62M | -4.64M | -13.74M | -4.51M | -3.15M | -3.59M | -7.46M | -5.33M | -5.16M | -4.44M | -629.09K | -91.20K | 0.00 |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -1,556.64% | -856.39% | -1,873.32% | 0.00% | -2,791.98% | -2,129.97% | 0.00% | -2,245.47% | -7,364.68% | -53,965.09% | 0.00% |
| Income Tax Expense | 0.00 | 11.04K | 9.34K | 1.66M | 165.93K | -59.08K | -54.32K | -40.00 | 10.37M | 418.00 | 138.91K | 2.50M | 15.92K | -379.15K | -469.24K | -483.14K | -812.00K | 156.72K | -129.13K | 12.96K | 2.73K | -9.33K | 303.52K |
| Net Income | 522.04K | -5.99M | -5.57M | -13.12M | -2.68M | -3.66M | -4.03M | -2.50M | -12.61M | -2.62M | -2.76M | -7.05M | -11.86M | -3.57M | -2.18M | -3.59M | -6.65M | -4.57M | -4.98M | -4.44M | -629.09K | -76.14K | -303.52K |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -1,343.56% | -677.48% | -1,296.20% | 0.00% | -2,488.20% | -1,824.73% | 0.00% | -2,245.47% | -7,364.68% | -45,053.85% | -21,993.84% |
| EPS | 0.00 | -0.02 | -0.02 | -0.06 | -0.02 | -0.02 | -0.03 | -0.02 | -0.14 | -0.04 | -0.05 | -0.15 | -0.26 | -0.08 | -0.05 | -0.09 | -0.21 | -0.22 | -0.37 | -0.38 | -0.29 | -0.10 | -0.22 |
| EPS Diluted | 0.00 | -0.02 | -0.02 | -0.06 | -0.02 | -0.02 | -0.03 | -0.02 | -0.14 | -0.04 | -0.05 | -0.15 | -0.26 | -0.08 | -0.05 | -0.09 | -0.21 | -0.22 | -0.37 | -0.38 | -0.29 | -0.10 | -0.22 |
| Weighted Avg Shares Out | 346.18M | 306.20M | 276.14M | 216.54M | 178.52M | 155.10M | 142.92M | 117.13M | 92.59M | 74.26M | 58.70M | 48.09M | 45.36M | 44.63M | 44.62M | 40.22M | 31.19M | 21.19M | 13.45M | 11.56M | 2.20M | 759.56K | 1.38M |
| Weighted Avg Shares Out (Dil) | 345.97M | 306.20M | 276.14M | 216.54M | 178.52M | 155.10M | 142.92M | 117.13M | 92.59M | 74.26M | 58.70M | 48.09M | 45.36M | 44.63M | 44.62M | 40.22M | 31.19M | 21.19M | 13.45M | 11.56M | 2.20M | 759.56K | 1.38M |
Erdene confirms high-grade gold in Bayan Khundii drilling, prepares for 2025 mining start
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) provided an update on its Bayan Khundii Gold Project, currently under construction, and shared results from shallow drilling in the initial mining areas. Results from the first phase of the ore control drilling confirmed...
Erdene advances Bayan Khundii gold project in second quarter
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) announced its operating and financial results for the second quarter of 2024. The company also provided an update on the progress of its Bayan Khundii Gold Project in Mongolia.
Erdene Resource CEO shares major milestones ahead of 2025 gold production
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) is moving closer to first gold production in Mongolia, CEO Peter Akerley told shareholders in a recent update. “The past year was “transformative” for the company, Akerley wrote in a shareholder letter.
Erdene Resources advances Bayan Khundii gold project, kicks off exploration program during Q1
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) during the first quarter of 2024 advanced its Bayan Khundii gold in Mongolia, being developed with the Mongolian Mining Corporation (MMC). By the quarter's end, construction was approximately 15% complete and it continues to...
Erdene reflects on transformative year as construction ramps up at Bayan Khundii gold project
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) hailed the last year as “transformative” for the company as it has kicked off construction at its Bayan Khundii gold project in Mongolia. The Canadian resource company in January announced a formal construction decision...
Erdene Resource Development secures $80M financing for Bayan Khundii gold project
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) has secured significant financing from Mongolian Mining Corporation (MMC) for the development of the Bayan Khundii Gold Project The company announced the successful execution of debt finance agreements totaling up to US$80 million with...
Erdene Resource Development on track to kickoff production at Bayan Khundii gold mine in 2Q 2025
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) in January announced that it has commenced construction of its open pit mine at the Bayan Khundii gold project in Mongolia, on track to commence production at the site as soon as the second quarter...
Erdene Resource Development begins construction at Bayan Khundii gold project in Mongolia
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) announced that full construction of the high-grade, open-pit Bayan Khundii gold project in Mongolia has commenced. Additionally, the company said it has closed an investment by the Mongolian Mining Corporation (MCC) as part of...
Erdene Resource Development advances Bayan Khundii gold project in 3Q
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) told investors it made significant progress at its Bayan Khundii gold project in Mongolia during the third quarter, notably filing an updated Feasibility Study for the project in September. “The third quarter of 2023...
Erdene updates investors on amendments to strategic alliance for Bayan Khundii gold project
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) said its strategic alliance agreement with Mongolian Mining Corporation (MMC) for the development of its Bayan Khundii gold project in Mongolia has been amended. The first two stages of the agreement have already been...
Source: https://incomestatements.info
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