Stocktube video
22/11/2011

Lydian International - Armenia : Amulsar on the path to production 2014

View full size
Proactiveinvestors recommends
Additional Information
Market: TSX
Sector: Gold Mining
EPIC: LYD
Latest Price: 2.54  (-0.39% Descending)
52-week High: 3.09
52-week Low: 1.96
Market Cap: 252.39M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Lydian International
www.lydianinternational.co.uk

Lydian International is a mineral exploration and development company with expertise and a proven track record in discovering and developing new gold projects in unfamiliar and frontier settings. The Company is currently focussed on developing its Amulsar gold discovery in southern Armenia. The Amulsar project was a new discovery made by Lydian in 2006 and currently hosts a global resource of 3.2M ounces after its resource update in January 2012. This resource update comprises a total of 1.7 million ounces gold in the indicated category and 0.6 million ounces gold in inferred category (using a 0.4g/t cut-off) from the contiguous Tigranes and Artavasdes areas and 0.5 million ounces gold in the indicated category and 0.4 million ounces inferred category from the Erato prospect which is located approximately 900 meters to the north of Tigranes-Artavasdes. The project remains open in all directions and is currently advancing towards Bankable Feasibility with full production due in the first half of 2014.

Full Lydian International profile here
Pdf

FD Capital ups target price for Minera IRL, Highland Gold, Hambledon Mining and Lydian Resources

18th Jan 2010, 3:41 pm
FD Capital ups target price for Minera IRL, Highland Gold, Hambledon Mining and Lydian Resources

Broker Fox-Davies Capital has increased the target prices, as a result of increased metal prices, and has reiterated its recommendations for Minera IRL (AIM: MIRL), Highland Gold (AIM: HGM), Hambledon Mining (AIM: HMB) and Lydian Resources (TSX-V: LYD).

Fox-Davies said that Highland Gold’s Novoshirokinskoye mine in Russia, which is essentially a lead-zinc mine, adds additional up-side compared to the other gold companies it covers. The broker has increased its price target for Highland Gold to £1.19 per share from £1.03.

The broker has increased its price target for South American operating Minera IRL from £0.90 to £1.06 per share, retaining its 'buy' stance on the precious metal miner which recently completed the acquisition of Hidefield Gold PLC (AIM: HIF). Fox-Davies maintained its guidance for Hambledon Mining as a 'hold, whilst increasing its price target from £0.13 per share to £0.16.

For Toronto Ventures listed Lydian Resources, Fox-Davies is targeting C$1.76 per share, increased from C$1.39 per share. Additionally the London based stockbroker said its current valuation is based on the junior’s 1 million ounce gold resource, which they believe has been expanded significantly by on-going exploration work programme. Lydian’s main project is the Amulsar gold discovery in Armenia and an advanced zinc, lead, silver and gold project at Drazhnje in Kosovo. Lydian remains a 'buy'.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.