logo-loader
viewLydian International Ltd.

Lydian International Ltd. chief excited about "beginning" of Amulsar project

Howard Stevenson, chief executive of Lydian International Ltd, is very excited about the potential of  the group's flagship Amulsar gold mine in Armenia, where engineering work has now started.
The group has $123mln in the bank, which will see it through all activity this year, he says.
This is a large scale, low cost, technically simple open pit project, where the all-in-sustaining-costs are US$585 an ounce and the recovery on the leach pad is put at 87%. 
And that's just for the first ten years. There are resources in the ground to go beyond that.
Next year will see the completion of bulk earth works and the beginning of the construction of buildings, with a first gold pour earmarked for the first quarter of 2018 - a milestone moment.

Quick facts: Lydian International Ltd.

Price: 0.09 CAD

TSX:LYD
Market: TSX
Market Cap: $68.4 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. 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...

In exchange for publishing services rendered by the Company on behalf of Lydian International Ltd. named herein, including the promotion by the Company of Lydian International Ltd. in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Lydian International full steam ahead with construction building Armenia's...

Howard Stevenson, chief executive of the Armenia-focused gold mine developer Lydian International Ltd (TSE:LYD), updates Proactive's Andrew Scott on the construction of their Amulsar project. Gold output, beginning in 2018, is targeted to average greater than 200,000 ounces per year over...

on 09/08/2017

2 min read