08:14 AM EDT, 09/15/2025 (MT Newswires) -- Erdene Resource Development (ERD.TO) Monday said it poured the first gold at the Bayan Khundii mine in Mongolia on Sept.14.

Bayan Khundii is forecast to be one of the highest grade open-pit mines globally and is set to achieve nameplate capacity in late fourth-quarter of this year, the company said. Gold from Bayan Khundii will be sold to Mongolia's Central Bank at spot gold price to bolster foreign currency reserve.