Erdene Provides Q1 2026 Bayan Khundii Gold Mine Update

Erdene's Q1 2026 update reports that the Bayan Khundii gold mine achieved commercial production, operating at roughly 90–94% of nameplate throughput and delivering gold recoveries above 96% (vs. a 93% forecast). The mine processed 151,000 tonnes in Q1, produced 15,961 oz to date, and sold 8,527 oz of gold and 3,135 oz of silver for gross revenues of $42 million. Higher grades in March (2.7 g/t vs. 1.9 g/t quarterly average) and completed financing position Erdene to advance nearby projects and continue ramp-up, which should strengthen the company’s near-term cash flow outlook and reduce execution risk for its growth pipeline. Market impact is company-specific bullish support for Erdene and modest incremental gold supply.