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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 Resource Development has near-term production and district-scale potential in Mongolia
Erdene Resource Development Corporation is on track to pour first gold from its Bayan Khundii project in Mongolia in 2025. The final details of a financing package are currently being put in place, as chief executive Peter Akerley completes another...
Erdene Files Updated Feasibility Study for the Bayan Khundii Gold Project
HALIFAX, Nova Scotia, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (" Erdene " or the "Company") is pleased to announce that further to its announcement of an updated independent Feasibility Study (“FS”) for the high-grade,...
Erdene Resource Development nears completion of early works at Bayan Khundii gold project
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) told investors that development activities at its Bayan Khundii gold project in southwestern Mongolia are underway with the early works phase of the project nearing completion. The company noted that the early works contract with...
Erdene reveals positive updated Feasibility Study for Bayan Khundii Gold Project in Mongolia
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) has announced results of an updated independent Feasibility Study for the high-grade, open-pit Bayan Khundii (BK) Gold Project in Mongolia. Highlights included a base case after-tax Net Present Value (NPV) of US$170 million, using a...
Erdene reveals recent accomplishments at Khundii Minerals District in Mongolia
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) has provided an update on recent accomplishments at its Khundii Minerals District (KMD) in Mongolia, which included an updated Feasibility Study for the Bayan Khundii (BK) Gold Project that is scheduled to be delivered during the...
Erdene says latest results from Dark Horse prospect improve economics of Bayan Khundii gold project
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) CEO Peter Akerley joins Proactive's Stephen Gunnion with details of positive exploration results from the Dark Horse prospect in southwest Mongolia. The Dark Horse prospect is part of the Bayan Khundii (BK) complex, where...
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