Erdene Resource Development Corporation (ERDCF) Research

Erdene Resource Development Corporation (ERDCF) is a mining firm primarily focused on identifying, acquiring, and advancing precious and base metal resources across Mongolia. The company's exploration activities specifically target deposits rich in copper, molybdenum, gold, silver, lead, and zinc. ERDCF's primary assets include its 100% ownership of the 2,309-hectare Bayan Khundii Gold Project, situated in Mongolia's Bayankhongor province. Another key holding is the Altan Nar Gold-Polymetallic project, also located within the Bayankhongor Aimag. Beyond these, the firm maintains positions in five additional licenses (three for mining and two for exploration) situated across southwestern Mongolia. Prior to May 2008, the company was known as Erdene Gold Inc., subsequently rebranding to its current name. Founded in 2000, the company's corporate headquarters are based in Dartmouth, Canada.

Market snapshot

Symbol
ERDCF
Price
$3.76
Day change
-2.34%
Market cap
$1.9B
P/E ratio
75.96x
52-week range
3.4-7.91
Sector
Basic Materials
Industry
Industrial Materials

Peer companies

  • Aurelia Metals Limited (AUMTF)
  • Benz Mining Corp. (BENZF)
  • CITIC Resources Holdings Limited (CTJHY)
  • Ecora Royalties PLC (ECRAF)
  • Entrée Resources Ltd. (ERLFF)
  • ioneer Ltd (GSCCF)
  • Metro Mining Limited (MMILF)
  • Meridian Mining UK Societas (MRRDF)

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