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Lydian gets government green light on heap leach location

Dr Tim Coughlin, President & CEO of Lydian International (TSX:LYD), tells Proactiveinvestors that the location for its new heap leach facility has been endorsed by the Armenian government. Tim says Lydian remains a good investment prospect and, with all-in costs at $700-800 an ounce, the Amulsar gold project will be highly profitable.

Quick facts: Lydian International Ltd.

Price: 0.095 CAD

TSX:LYD
Market: TSX
Market Cap: $72.2 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