Amulsar construction update

MINEX Forum | April 10, 2018
img0 Lydian continues to advance all major construction objectives and operational readiness activities are underway at its 100%-owned Amulsar Gold Project in Armenia. With estimated average annual production of 225,000 gold ounces over an initial 10-year mine life, Amulsar will be among the most significant new gold mines to start operations this year. Engineering and procurement ...

Lydian advanced all major construction objectives at Amulsar

MINEX Forum | March 28, 2018
img0 Lydian International Limited (TSX:LYD) (“Lydian” or “the Company”) announced today its results for the three months and year ended December 31, 2017. Copies of the Company’s audited annual financial statements, management’s discussion and analysis, and annual information form are available under the Company’s profile on www.sedar.com.  All dollar amounts referenced in this news release are, ...

Lydian International shareholders respond to concerns of Armenian nature protection activists

MINEX FORUM | March 2, 2018
img0 Major shareholders of Lydian International have responded to concerns of Armenian nature preservation activists over environmental hazards, businesshumanrights.org reported. Recently the Armenian Nature Preservation Front, a nature protection organization, addressed an open letter to Lydian International’s major shareholders citing the concerns of independent experts over the Amulsar gold mine. According to the concerns, the Lydian ...

Lydian’s Amulsar Receives International Cyanide Management Code Certification

MINEX FORUM | February 7, 2018
img0  Lydian International Limited is pleased to announce that its Amulsar Gold Project has been pre-operationally certified in compliance with the International Cyanide Management Code (“Cyanide Code”). The announcement was made on January 18, 2018 by the International Cyanide Management Institute. The Cyanide Code is a voluntary industry program designed to assist the global gold and ...

Who owns Armenia’s mines?

MINEX Forum | January 12, 2018
img0 Mining is one of the most important sectors of the Armenian economy; it has the largest share of exports constituting more than half the total value. On 9 March 2017, Armenia became a candidate country for the Extractive Industries Transparency Initiative (EITI). Candidacy means the country must undertake a series of reforms within a set timeframe to comply with ...