Welcome to our dedicated page for Entree Resources news (Ticker: ERLFF), a resource for investors and traders seeking the latest updates and insights on Entree Resources stock.
Entrée Resources Ltd (ERLFF) is a Canadian mining company with a strategic carried interest in Mongolia's Oyu Tolgoi copper-gold project, one of the world's largest undeveloped mineral resources. This page aggregates official updates and analysis regarding the company's joint venture participation, operational developments, and sector positioning.
Investors and analysts will find timely updates on key areas including joint venture restructuring progress, licensing agreements, and strategic partnership developments. All content is verified through primary sources to ensure accuracy in reporting complex mining sector arrangements.
The curated news feed covers essential categories such as operational milestones, arbitration outcomes affecting project timelines, and financial updates related to Entrée's non-operating revenue model. Regular updates provide insight into how the company navigates large-scale mining partnerships without direct production responsibilities.
Bookmark this page for streamlined access to Entrée Resources' evolving role in global copper markets. Check back regularly for verified updates on legal proceedings, resource estimates, and partnership developments impacting the Oyu Tolgoi project's value chain.
Entrée Resources Ltd. (OTCQB: ERLFF) has filed its annual operational and financial results for 2022, reporting an operating loss of $3.6 million compared to $3.0 million in 2021. The company's cash balance stood at $6.4 million. Key highlights include the commencement of underground production at the Oyu Tolgoi project in Mongolia, expected to become the fourth largest copper mine by 2030. However, ongoing arbitration proceedings related to the Entrée/Oyu Tolgoi joint venture and the company’s exclusion from key investment agreements may pose challenges. The completion of critical shafts is delayed, now expected in the first half of 2024.
Entrée Resources Ltd. (OTCQB: ERLFF) released its interim financial results for Q3 2022, highlighting ongoing developments at the Oyu Tolgoi project in Mongolia. The Company reported an operating loss of $0.5 million for Q3 2022, with a cash balance of $7.1 million as of September 30, 2022. Notable updates include progress on underground construction, with sustainable production from Panel 0 expected in Q1 2023, despite a roughly 15-month delay in commissioning Shafts 3 and 4. Ongoing discussions with government stakeholders aim to resolve issues related to Entrée's exclusion from the Oyu Tolgoi Investment Agreement.
Entrée Resources Ltd. (OTCQB: ERLFF) released its Q2 2022 financial results, reporting an operating loss of $0.7 million and a cash balance of $7.7 million as of June 30, 2022. The underground development at the Oyu Tolgoi project in Mongolia progressed with significant milestones, including early blasting at Panel 0. However, total expected underground development capital increased from $6.75 billion to $7.06 billion due to COVID-19 costs and other factors. The company is engaged in binding arbitration regarding the Entrée/Oyu Tolgoi Joint Venture Agreement.
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