Erdene Resource Development Corporation intersects high-grade gold in maiden drilling at Dark Horse prospect

Erdene Resource Development Corporation company listed on Toronto and Mongolian Stock Exchange announced exploration results for its Dark Horse gold prospect, as part of the first phase of its 18,000 meters Khundii Gold District drill program. The Company has received assay results for approximately 3,600 meters of the 10,000 meters drilled in the first phase…. Read more »

Erdene announces conversion of EBRD convertible loan

Erdene Resource Development Corp. announced that the European Bank for Reconstruction and Development has exercised its conversion option in respect of its USD5 million convertible loan with the Company. Following conversion of the Convertible Loan, the EBRD owns and controls 30,043,290 common shares representing approximately 11.2% of the issued and outstanding common shares of the… Read more »

There is a potential to expand gold resource in “Bayan Khundii” district

Erdene Resource Development Corporation listed on Toronto and Mongolian Stock Exchange announced the conclusion of and the initial results from the first phase of its 18,000 meter Khundii Gold District drill program. “We are encouraged by the early results from the first phase of the drill program, including high-grade gold intersections in multiple holes and… Read more »

Brief news of the market

Central Securities Depository informed that 68,000 individuals and corporates were opened their securities account through broker companies in September 2020. Hermes Center JSC has placed its semi-annual dividend for 2020 or MNT 6.27 per share to its shareholders’ account. Baganuur and Shivee Ovoo JSCs have purchased 20 technics of USD 18.3. Erdenes Mongol LLC as… Read more »

Ch.Khurelbaatar: Government successfully issued a bond of USD 600 million

Khurelbaatar Minister of Finance made a press statement on new treasury bond. The Minister said that presentation on new treasury bond of Mongolia, named “Nomad”, was successfully introduced. Mongolia’s government issued a bond with worth of USD 600 million and the maturity is 5.5 years. Its annual interest rate is at 5.125%. In other words,… Read more »

“Achit Ikht” company distributed dividend

Employees of “Achit Ikht” company has owned preferred shares of the company through the “Achit Zes” JSC as subsidiary of “Achit Ikht” LLC since September, 2018 and the company distributed its dividend of the eight quarter. The company has created a chance to receive efficiency of its factory to the its employees through issuing preferred… Read more »

Mandal Insurance JSC granted MNT 3.1 billion claims paid

Mandal Insurance JSC listed on Tier-I of MSE presented that the company has earned MNT 20.6 billion as of the second quarter of this year, which rose by 13% compared with same period of last year. The company granted MNT 3.1 billion claims paid to more than 6,000 insurers, which increased by 45% year over… Read more »

Erdene Resource Development: The first production of Bayan Khundii Gold Project to be started in early 2022

Erdene Resource Development Corporation company listed on Mongolian and Toronto Stock Exchanges announced its Independent Feasibility Study of Bayan Khundii Gold Project. CEO of the company stated that they are planning to start the first production of the project in early 2022. He continued that 18,000 meters exploration program is underway, currently focused on upside… Read more »


According to the provision 20.1.6 of Securities Market Law and 10.3 of the Accounting Law, a securities issuer shall have an obligation to submit to the stock exchange semi-annual financial and operational reports by July 20th of each year. MSE imposes sanctions including penalty to delisting on the listed companies that fail to fulfil the legal obligation. As stated… Read more »

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