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Thursday, 31 January 2013
Lydian celebrates five year anniversary on TSX
Armenia-focused Lydian International (TSE:LYD) celebrated five years of being listed on the Toronto stock exchange - by ringing the opening bell.
Lydian is developing Amulsar - its flagship heap-leach gold project in the central part of the country with proven and probable reserves of 2.9mln ounces of gold and almost 10mln ounces of silver, which it discovered in 2006.
For the five years it has been listed on the main board of the TSX, Lydian has bought in more than C$130 million for Amulsar's development, it noted.
Some big name investors in Lydian include International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD).
Lydian's chief executive Dr Tim Coughlin said: "Thanks to the TSX, Amulsar and Armenia have been exposed to investors around the world as a great project and favourable investment environment."