07:45 AM EDT, 03/25/2026 (MT Newswires) -- Erdene Resource Development ( ERDCF ) said Wednesday that it recorded a net loss for the year ended Dec. 31, 2025.

The company posted a net loss of $8.2 million for full-year 2025, compared to a 2024 net loss of $8.2 million.

Exploration and evaluation expenses increased to $2.4 million in 2025 from $1.9 million in 2024, driven by expenditures associated with the Tereg Uul property in Mongolia that was optioned in July 2025, as well as increased efforts on new project evaluation.

Erdene's 50%-owned Bayan Khundii gold mine produced and sold 7,434 ounces gold and 2,634 ounces of silver in 2025, following first pour in September 2025.