# Erdene Announces Q1 2026 Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/erdene-announces-q1-2026-results--2d54d281-339d-447f-bcd3-867572057cdb Original source: https://money.tmx.com/en/quote/ERD/news/6432515748958485/erdene-announces-q1-2026-results Publisher: tmx Original announcement: 2026-05-06T21:38:47.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Erdene Resource Development Corp. - Ticker: ERD - Exchange: TSX - Region: Mongolia - Primary commodity: Gold - Secondary commodities: Silver, Molybdenum, Copper - Document categories: Drill results, Production - Extracted: 2026-09-13 22:40:43 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Erdene announced Q1 2026 results highlighting the achievement of commercial production at the Bayan Khundii gold mine with 96% gold recovery. The company also reported significant drill intercepts at Dark Horse South and progress on the Zuun Mod molybdenum-copper porphyry project. Reasoning: The company successfully transitioned to commercial production with high recoveries and strong drill intercepts, while also reporting a turnaround to net income. - Positive factor: Achieved commercial production at Bayan Khundii - Positive factor: Gold recovery \(96%\) exceeded feasibility study projections \(93%\) - Positive factor: Strong drill results at Dark Horse South \(9 g/t gold over 19m\) - Positive factor: Positive net income reported for Q1 2026 Facts used in scoring: 8 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions a Qualified Person \(Jon Lyons and Peter Dalton\) has reviewed and approved the technical information. Evidence · text > Qualified Person Jon Lyons... has reviewed and approved the technical information **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 28.7 g/t gold is exceptionally high for the context. Evidence · text > 28.7 g/t gold over 3 metres ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/erdene-announces-q1-2026-results--2d54d281-339d-447f-bcd3-867572057cdb#fact-drill-facts-1) Dark Horse South · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Dark Horse South - Commodity: gold - Region: mongolia - Reported Region: mongolia - Ticker: ERD #### Geometry - Grade: 9 - Grade Unit: g/t - Intercept: 19 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-06T00:00:00.000Z Reasoning: Strong grade and width intercept. - Positive factor: High grade intercept Evidence · text > 9 g/t gold over 19 metres #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/erdene-announces-q1-2026-results--2d54d281-339d-447f-bcd3-867572057cdb#fact-drill-facts-2) Dark Horse South · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Dark Horse South - Commodity: gold - Region: mongolia - Reported Region: mongolia - Ticker: ERD #### Geometry - Grade: 28.7 - Grade Unit: g/t - Intercept: 3 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-06T00:00:00.000Z Reasoning: Very high grade intercept. - Positive factor: High grade intercept Evidence · text > 28.7 g/t gold over 3 metres #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/erdene-announces-q1-2026-results--2d54d281-339d-447f-bcd3-867572057cdb#fact-drill-facts-3) Dark Horse North · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Dark Horse North - Commodity: gold - Region: mongolia - Reported Region: mongolia - Ticker: ERD #### Geometry - Grade: 1.9 - Grade Unit: g/t - Intercept: 43 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-06T00:00:00.000Z Reasoning: Wide intercept of moderate grade. - Positive factor: Significant width Evidence · text > 43 metres of 1.9 g/t gold #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/erdene-announces-q1-2026-results--2d54d281-339d-447f-bcd3-867572057cdb#fact-drill-facts-4) Altan Arrow · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Altan Arrow - Commodity: gold - Region: mongolia - Reported Region: mongolia - Ticker: ERD #### Geometry - Grade: 16.2 - Grade Unit: g/t - Intercept: 1 m - From: 6 m - To: 7 m - Intercept Depth: 6 m #### Classification - Sample Type: drill - Group ID: Altan\_Arrow:6-7 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-06T00:00:00.000Z Reasoning: High grade but very narrow intercept. - Positive factor: High grade Evidence · text > 16.2 g/t gold over a meter #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/erdene-announces-q1-2026-results--2d54d281-339d-447f-bcd3-867572057cdb#fact-drill-facts-5) Altan Arrow · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Altan Arrow - Commodity: gold - Region: mongolia - Reported Region: mongolia - Ticker: ERD #### Geometry - Grade: 1.4 - Grade Unit: g/t - Intercept: 16 m - From: 6 m - To: 22 m - Intercept Depth: 6 m #### Classification - Sample Type: drill - Group ID: Altan\_Arrow:6-22 #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-06T00:00:00.000Z Reasoning: Moderate grade over a significant width. - Positive factor: Good width Evidence · text > 16 metres averaging 1.4 g/t gold #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/erdene-announces-q1-2026-results--2d54d281-339d-447f-bcd3-867572057cdb#fact-drill-facts-6) Altan Arrow · silver Needs review: drill\_no\_hole\_id #### Identity - Project: Altan Arrow - Commodity: silver - Region: mongolia - Reported Region: mongolia - Ticker: ERD #### Geometry - Grade: 124 - Grade Unit: g/t - Intercept: 2 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-06T00:00:00.000Z Reasoning: Silver intersection reported. Evidence · text > silver intersections of up to 124 g/t over two metres #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### ZMD-98 [Link to this fact](https://atlas-extractions.minestarters.com/news/erdene-announces-q1-2026-results--2d54d281-339d-447f-bcd3-867572057cdb#fact-drill-facts-7) Zuun Mod · molybdenum #### Identity - Hole ID: ZMD-98 - Project: Zuun Mod - Commodity: molybdenum - Region: mongolia - Reported Region: mongolia - Ticker: ERD #### Geometry - Grade: 0.066 - Grade Unit: % - Intercept: 374 m - From: 76 m - To: 450 m - Intercept Depth: 76 m #### Classification - Sample Type: drill - Group ID: ZMD-98:76-450 #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-06T00:00:00.000Z Reasoning: Extremely wide intersection of molybdenum-equivalent mineralization. - Positive factor: Significant width Evidence · text > intersected near continuous Mo and Cu mineralization over 374 metres, averaging 0.066% MoEq #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.