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Lydian International hires experienced mine builder as chief operating officer

Kaczmarek has spent his career building and operating mines in ten countries

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The Amulsar project is in Armenia

Lydian International Inc (TSE:LYD), developer of the Amulsar project, says it has hired seasoned executive Andrew Kaczmarek as chief operating officer with immediate effect.

Kaczmarek will be responsible for all the company's activities in Armenia, mainly executing and commissioning operations at the group's100% owned gold project. He has spent his career building and operating mines in ten countries, the firm noted.

Most recently, he was independent technical adviser to Alacer Gold Corp and Midway Gold Corp, interim chief operating officer for Aurcana Corp and chief operating officer of Victoria Gold Corp.

At Alacer, he was responsible for building the Copler gold mine in east-central Turkey, and as vice-president of development for Kinross Gold responsible for engineering and construction for the re-opening of the Refugio mine in Chile.

Lydian chief Howard Stevenson told investors: "We are very pleased to welcome Andy to our management team and look forward to working with him.

"His experience and leadership skills will be instrumental in the successful development of the Amulsar Gold Project and the operation of Lydian's first gold mine."

Production at Amulsar is expected to begin in 2018 -  Armenia's largest gold mine, with an estimated resource containing 3.5 million measured and indicated gold ounces and 1.3 million inferred.

Output is targeted to average around 225,000 ounces a year over an initial 10-year mine life.  

Quick facts: Lydian International Ltd.

Price: 0.075 CAD

TSX:LYD
Market: TSX
Market Cap: $57 m
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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...

on 15/8/16

2 min read