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Erdene Announces Positive Bankable Feasibility Study Results for Bayan Khundii Gold Project

HALIFAX, Nova Scotia, July 20 (Korea Bizwire) – Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (“Erdene” or the “Company“) is pleased to announce the results of an independent Bankable Feasibility Study (“BFS”) for the 100%-owned, high-grade, open-pit Bayan Khundii Gold Project (“BK” or “Project”) in southwest Mongolia. The independent BFS was prepared in accordance with National Instrument 43-101 [...]

Erdene Announces Conference Call to Discuss the Bayan Khundii Project Bankable Feasibility Study Results

HALIFAX, Nova Scotia, July 20 (Korea Bizwire) – Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (“Erdene” or the “Company“), will be hosting a conference call to review results of the Bankable Feasibility Study (“BFS”) for its 100%-owned Bayan Khundii Gold Project, to be announced after market close today. The conference call is scheduled for 10:00 am ET on [...]

Gold Shines on Virus-fueled Haven Appeal

SEOUL, July 14 (Korea Bizwire) — South Korean investors in gold have posted sky-high returns this year amid strong safe-haven demand caused by the coronavirus pandemic, data showed Tuesday. Gold changed hands at 261,423 won (US$217) per 3.75 grams on the Korea Exchange as of Friday, up a whopping 23.3 percent from the start of [...]

Erdene Intersects 5.5 Metres of 126 g/t Gold Including 1 Metre of 582 g/t Gold at New Bayan Khundii Zone And 15 Metres of 26 g/t Gold Including 1 Metre of 338 g/t Gold

HALIFAX, Nova Scotia, July 7 (Korea Bizwire) — Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce drilling results from the Midfield Southeast zone of the Company’s 100%-owned Bayan Khundii Gold Project (“Project”). “We are exceptionally pleased with drill results from the new Midfield Southeast zone, including one metre [...]

S. Korea’s Gold Bourse Turnover Hits New Record High amid Virus Pandemic

SEOUL, July 5 (Korea Bizwire) – South Korea’s gold turnover reached an all-time high in the first half of 2020 as investors flocked to safer assets amid the coronavirus pandemic around the globe, data showed Sunday. The combined turnover on the gold bourse stood at 710 billion won (US$591 million) over the January-June period, exceeding [...]

Gold Funds Shine, but Oil ETFs Lose Big on Coronavirus

SEOUL, May 6 (Korea Bizwire) — Gold funds in South Korea have shined over the past three months on investors’ flight to safety amid the coronavirus pandemic, but oil funds have fared dismally on tumbling crude prices, a market tracker said Wednesday. The three-month average return of 12 local gold funds with assets of 1 [...]

Gold Exports Climb to 7-year High in Feb. on Price Hikes

SEOUL, April 8 (Korea Bizwire) — South Korea’s exports of gold surged to over a seven-year high in February as demand for safer assets increased amid a market rout triggered by the new coronavirus, the Bank of Korea (BOK) said Wednesday. Outbound shipments of gold for non-monetary use came to some US$290 million in the [...]

Gold Funds Lose Luster on Coronavirus Scare

SEOUL, March 19 (Korea Bizwire) — Gold funds in South Korea have posted dismal returns over the past month amid falling gold prices due to the coronavirus scare, data showed Thursday. Local gold funds with assets of 1 billion won (US$796,000) or more registered an average return of minus 12.45 percent over the last one-month [...]

Gold Shines on Flight to Safety

SEOUL, Dec. 29 (Korea Bizwire) — Gold has posted stellar returns this year, data showed Sunday, as an economic slump, a lengthy Sino-American trade row and other downside risks chilled the stock market and stoked investors’ flight to safety. According to the data compiled by Daishin Securities, the retail price of 1 don of pure [...]

Economic Uncertainty Prompts Rush to Safe Assets

SEOUL, Jun. 17 (Korea Bizwire) — Uncertainties stemming from the escalating U.S.-China trade dispute and a slowdown in Asia’s fourth-largest economy are changing the way investors here behave, with many apparently rushing to buy what they believe to be safer assets, such as bonds, gold and houses, data showed Monday. Bond prices have skyrocketed to [...]