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Erdene Resource Development Corp. sees rising net loss

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In 2017, the net loss of Erdene Resource Development Corp. (ERD) increased by 61 percent, reaching 4 million CAD.

The company’s operational and management costs rising by 69 percent was the main factor in bringing about a higher net loss. ERD has invested 6 million CAD in its Bayan-Khundii and Altan Arrow projects. Last year, ERD issued 13 million CAD in stocks and acquired additional investment.

The company’s stock prices have fallen by 29.6 percent on the Toronto Stock Exchange since the beginning of 2018.   

In 2017, the net loss of Erdene Resource Development Corp. (ERD) increased by 61 percent, reaching 4 million CAD.

The company’s operational and management costs rising by 69 percent was the main factor in bringing about a higher net loss. ERD has invested 6 million CAD in its Bayan-Khundii and Altan Arrow projects. Last year, ERD issued 13 million CAD in stocks and acquired additional investment.

The company’s stock prices have fallen by 29.6 percent on the Toronto Stock Exchange since the beginning of 2018.   

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Category
Business
Published
2018-03-30


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