Lydian International
Lydian International Ltd. is a mineral exploration and development company, with expertise employing “first mover” strategies in emerging environments. The probability of discovering large, world-class projects is higher in prospective, newly emergent and transitional environments. Lydian is positioned to leverage and manage emerging environment exploration opportunities. Currently the company is focused on Eastern Europe. Lydian has developed a diversified portfolio of highly prospective precious and base metal projects at the early and advanced exploration development stage. Lydian’s flagship projects include a gold project at Amulsar in Armenia, and a zinc-lead-silver-gold at Drazhnje in Kosovo. The Company is also focused on its pipeline of new gold and base metal projects.
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'.
Other Lydian International articles
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30/03/10 Lydian International: rapid progress in two years, plenty more to come
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17/03/10 Lydian International’s Amulsar Gold Project should achieve 90% recoveries
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01/03/10 Lydian International takes full ownership of 1.4 million ounce Amulsar Gold Project
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11/11/09 Lydian International identifies new gold prospect and potential resource at Amulsar project in Armenia
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03/11/09 Lydian heap leach results suggest attractive economics for Amulsar Gold Project
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12/08/09 Lydian cuts wide zone of gold mineralisation 500 meters south of current resource
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17/03/09 Lydian International pushes back the frontiers
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06/01/09 Proactive Investors Talks to Tim Coughlin, President & CEO of Lydian International
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03/11/08 Lydian International's Amulsar Discovery delivers more excellent results
Other Lydian International news
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17/06/10 Lydian commences 2010 drilling to expand 1.4 Moz resource at Amulsar project
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15/04/10 Lydian International completes fundraising, receives over $13 million gross
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07/04/10 Lydian International agrees $10 mln fundraising for Amulsar Gold buy-out
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07/04/10 Lydian International Interview Transcript with Tim Coughlin, President and CEO
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29/03/10 IFC supports Lydian International placing with $1.8 million equity investment
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24/03/10 Lydian International talks about an increasing gold resource, porphyry targets and possible cash flow from Kosovo
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03/03/10 Fox-Davies Capital maintains 'buy' rating for Lydian Intl after Newmont buyout
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24/11/09 Lydian reports final gold results from successful 2009 Drilling Program at Amulsar in Armenia
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06/11/09 Lydian International raises C$2.2 mln, mainly from Macquarie Bank private placing
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14/10/09 Fox-Davies remains bullish on Lydian as Amulsar gold project ‘takes shape’
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