Armenia clears Lydian to go ahead with Amulsar gold project

MINEX Forum | August 16, 2019
img0 The government of Armenia published Wednesday the results of a long-awaited public audit on Lydian International’s (TSX:LYD) Amulsar gold project, which states there are no grounds for criminal proceedings against the company. The report paves the way for the company to move forward developing the controversial mine, illegally blocked since June last year by locals and environmental activists. Opponents to ...

CEO of Armenia-focused Lydian resigns

MINEX Forum | June 10, 2019
img0 The CEO of gold developer Lydian International, Joao Carrelo, has resigned and will step down on June 12, as part of a restructuring programme for the company’s whose ability to continue as a going concern is dependent on a resolution with disputes in Armenia. Carrelo would continue to assist Lydian on a consulting basis going ...

Lydian Announces Access to the Amulsar Site for Winterization Purposes

MINEX Forum | November 29, 2018
img0 Lydian International Limited (TSX: LYD) (“Lydian” or “the Company”) is pleased to announce it has secured short-term access to its 100%-owned Amulsar Gold Project to undertake winterization and preservation work on process and mobile equipment. This work is being performed to reduce damage to equipment and help ensure an efficient restart of construction, mining, and ...

Lydian Announces Financing Update

MINEX Forum | August 17, 2018
img0 Lydian International Limited (TSX:LYD) (“Lydian” or the “Company”) is pleased to announce that its senior lenders have agreed to extend the initial repayment date and the availability period from previously announced August 15, 2018 to August 31, 2018. Lydian continues to have further discussions with key stakeholders in order to complete comprehensive revisions to several ...

Lydian Reports Recent Illegal Road Blockages Near Amulsar

MINEX Forum | June 29, 2018
img0 Lydian International Limited (TSX:LYD) (“Lydian” or the “Company”) announced intermittent road blockages near its 100%-owned Amulsar Gold Project that have impacted recent construction activities. Following the change in the government of Armenia last month, demonstrations and road blockades have occurred sporadically throughout the country. These protests primarily targeted the mining sector, including the Amulsar project. ...