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Erdene Resource Reports 37% Sequential Rise in Bayan Khundii Q2 Gold Production

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Erdene Resource Development's (ERD.TO) Bayan Khundii mine in Mongolia reported gold production of 11,709 ounces in the second quarter, a 37% quarter-on-quarter increase.

Bayan Khundii is operated by Erdene Mongol, Erdene's joint venture with Mongolian Mining. It's produced 27,670 ounces of gold since first pour last September, Erdene Chief Executive Peter Akerley said Wednesday.

Average processed ore grade increased 25% from the previous quarter, averaging 2.4 grams per tonne gold for the quarter ended June 30. The improvement was driven by better ore control and mine-to-mill practices, a statement said.

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