Erdene Reports Q3 Gold Sales of 11,853 Ounces, Repays $20M Debt
Erdene reported Q3 sales of 11,853 ounces of gold and 3,046 ounces of silver, generating $51 million in gross revenue. EM repaid $20 million of debt, reducing the balance to $93 million. Higher-grade mining zones are expected in Q4.
Erdene said it sold 11853 oz of gold and 3046 oz of silver from the BK mine in Q3, generating $51M in gross revenue. EM repaid $20M of debt, bringing the outstanding balance to $93M. Mining is expected to shift into higher-grade zones in Q4.