Bayan Khundii Gold Mine Hits Commercial Production, Exceeds Recovery Targets
Event summary
- Bayan Khundii processed 151,000 tonnes of ore in Q1 2026, achieving 94% of target throughput.
- Gold recovery averaged 96%, surpassing the projected 93% from the feasibility study.
- EM sold 8,527 ounces of gold and 3,135 ounces of silver, generating $42 million in gross revenues.
- Q2 focus includes optimization of mining and processing operations to reach historical projections.
The big picture
Erdene's Bayan Khundii Gold Mine has achieved commercial production, marking a critical milestone in its operational ramp-up. The mine's performance—exceeding recovery projections and increasing ore feed grades—positions it for sustained production. This success is strategically significant as Erdene looks to leverage proceeds from recent financing to advance its exploration pipeline in highly prospective Mongolian districts.
What we're watching
- Operational Efficiency
- Whether Bayan Khundii can sustain high recovery rates and throughput improvements through Q2.
- Resource Optimization
- The pace at which EM updates resources and mine plans for BK and Dark Horse in Q3.
- Exploration Pipeline
- How Erdene advances its wholly-owned projects in the Khundii and Oyu Tolgoi districts.
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