Erdene Resource Development Corporation (ERD) Financings
TSX: ERD · Gold · Production stage
- Market cap$392.8M
- Share price$6.00
- 52-week range$4.54 – $10.63
- Shares outstanding65,465,244
- ExchangeTSX
- Websiteerdene.com
Erdene Resource Development Corp. is a Canada-based resource company producing gold at the high-grade, low-cost Bayan Khundii Gold Mine in underexplored and highly prospective Mongolia. The Company has interests in a portfolio of precious and base metal projects near the Bayan Khundii Gold Mine in the Khundii Minerals District, which provides a robust organic growth pipeline. Erdene Resource Development Corp. is listed on the Toronto ('ERD') and the Mongolian stock ('ERDN') exchanges and OTCQX Market ('ERDCF'). Further information is available at www.erdene.com. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.
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Erdene Resource Development Corporation financial statements
Key figures read from 38 of 38 financial statement filings, Nov 14, 2016 to Aug 14, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$4,659,397 | C$7,298,399 | C$4,349,599 | C$7,421,600 | C$7,063,051 |
| Total current assets | C$5,194,804* | C$7,383,297* | C$5,811,973* | C$8,859,912* | C$8,099,285* |
| Exploration and evaluation assets | C$3,781,684 | C$2,468,070 | C$1,961,506 | C$43,054,156 | C$37,928,453 |
| Property, plant and equipment | C$78,458 | C$39,104 | C$21,155 | C$545,704 | C$373,379 |
| Total assets | C$56,066,693 | C$63,000,213 | C$59,062,946 | C$52,533,366 | C$46,544,317 |
| Total liabilities | C$1,533,270 | C$782,851 | C$186,151 | C$909,011 | C$812,297 |
| Shareholders' equity | C$54,533,423 | C$62,217,362 | C$58,876,795 | C$51,624,355 | C$45,732,020 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$2,448,232 | C$1,852,642 | C$847,010 | C$3,798,676 | C$3,745,840 |
| Net income (loss) | (C$8,181,842) | C$8,245,886 | (C$522,043) | (C$5,986,237) | (C$5,570,523) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$4,626,832) | (C$3,295,719) | (C$2,046,535) | (C$5,137,363) | (C$5,244,530) |
| Investing cash flow | (C$1,362,240) | (C$211,761) | (C$1,030,805) | (C$8,210,319) | (C$8,770,341) |
| Financing cash flow | C$3,360,762 | C$6,415,491 | C$27,879 | C$13,737,013 | C$8,139,378 |
| Exploration spending (capitalized) | (C$1,498,972) | (C$348,887) | (C$1,043,280) | (C$7,971,955) | (C$8,646,027) |
| Property, plant and equipment spending | (C$51,533) | (C$27,135) | (C$3,085) | (C$296,747) | (C$179,329) |
| Change in cash | (C$2,639,002) | C$2,948,800 | (C$3,072,001) | C$358,549 | (C$5,737,677) |
| Cash at end of period | C$4,659,397 | C$7,298,399 | C$4,349,599 | C$7,421,600 | C$7,063,051 |
Erdene Resource Development Corporation financings
1 financing announced or closed by Erdene Resource Development Corporation, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-26 | Erdene Resource Development Corporation (ERD) | LIFE offering, bought deal | Closed, 1 tranche | $25.0M | $8.90 | Erdene Announces Closing of $25 Million Bought Deal Private Placement |
Erdene Resource Development Corporation debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Erdene Resource Development Corporation has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2024-02-08 | Loan, signed | — | US$50M | 13.8% |
| 2020-10-13 | Convertible note / loan, converted | Eric Sprott | US$5M | — |
| 2019-10-15 | Convertible note / loan, signed | European Bank for Reconstruction and Development (EBRD) | US$5M | 10% |