Last C$0.74 CAD
Change Today -0.09 / -10.84%
Volume 630.1K
LYD On Other Exchanges
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As of 3:36 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

lydian international ltd (LYD) Snapshot

Open
C$0.83
Previous Close
C$0.83
Day High
C$0.83
Day Low
C$0.74
52 Week High
03/20/14 - C$1.48
52 Week Low
10/11/13 - C$0.55
Market Cap
112.6M
Average Volume 10 Days
342.9K
EPS TTM
C$-0.07
Shares Outstanding
152.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LYDIAN INTERNATIONAL LTD (LYD)

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lydian international ltd (LYD) Details

Lydian International Limited operates as a gold-focused mineral exploration and development company in Eastern Europe. The company’s principal project includes the Amulsar project, a gold exploration and development project located in Southern Armenia. It also holds a combined mining-exploration license in the Kela project, an early-stage gold prospect in the Guria region of Georgia; and a pipeline of early-stage gold and base metal exploration projects in the Caucasus regions. The company was formerly known as Dawson Creek Capital Corp. and changed its name to Lydian International Limited in December 2007. Lydian International Limited was founded in 2005 and is headquartered in St. Helier, the Channel Islands.

lydian international ltd (LYD) Top Compensated Officers

Chief Operating Officer
Total Annual Compensation: $91.3K
Executive Vice President
Total Annual Compensation: $217.6K
Compensation as of Fiscal Year 2013.

lydian international ltd (LYD) Key Developments

Lydian International Plans to Invest $426 Million at the Amulsar Field in South of Armenia in 2015-2016

Lydian International is planning to invest about $426 million in a gold mining project at the Amulsar field in the south of Armenia in 2015-2016. The results of research show that the Amulsar program is allowing for the deployment of large-scale, open pit gold mining and with traditional heap leaching technologies at a low production costs. The field's operating life is 10 years and four months, annually it is planned to produce on average 200,000 ounces of gold (10 million tonnes of ore). On average, cash costs are $642/oz, and the gold recovery rate is 84%. The payback period of investments is five years, during which loans will be repaid.

Lydian International Limited - Special Call

To discuss the revised feasibility study results

Lydian International Limited Announces Positive Results from Updated Feasibility Study for the Amulsar Gold Project

Lydian International Limited announced the results of an updated feasibility study for its 100%-owned Amulsar Gold Project in Southern Armenia. The results of the study demonstrate Amulsar as a compelling opportunity for the development of a large scale, low cost operation utilizing open pit mining and conventional heap leach processing. Highlights: Total recoverable gold of 2.1 million ounces over a 10.4 year mine life; Gold production averaging over 200,000 ounces per year; Initial capital costs of $426 million; Low all-in sustaining costs of $701 per ounce of gold; 84% gold recoveries and 2.8:1 strip ratio; Accelerated after tax-cash flows in first five years to support early payback and project financing; and After-tax unleveraged IRR of 20.2% and NPV1 of $306 million based on a discount rate of 5% and a gold price of $1,250 per ounce. Results of the study may be enhanced by additional drilling which could potentially convert inferred mineral resources into proven and probable mineral reserves and define additional potential resources and reserves. The study incorporates a new site layout to accommodate the relocation of the heap leach facility to the site endorsed by the joint Working Group with the Government of Armenia. Nominal throughput of 10 million tonnes of ore per year is planned from the outset, with processing of higher grade ore during the initial five years. New estimates of mineral resources and reserves accompany the updated feasibility study. Amulsar Gold Project Description: The Amulsar Gold Project is located in Southern Armenia approximately 115 km south-west of the capital city of Yerevan and covers an area of approximately 56 km. The Amulsar property reaches a maximum elevation of 2,988 m, with the heap leach facility located in a valley at lower elevations providing a nominal top surface elevation of 1,856 m. All major infrastructural needs are readily accessible. The town of Jermuk is located 15 km to the north of the site and Gorayk is 6 km to the south. The town of Gndevaz is located 1 km north of the heap leach facility. Current vehicular access to the heap leach facility is mainly via an unpaved road extending east from the highway to Gndevaz and Jermuk. There is also a sealed highway linking the Amulsar project site to Yerevan. Other adjacent infrastructure includes high tension power lines and substations, a gas pipeline, a fiber optic internet cable and on-site sources of water. The company's planned operations contemplate an owner-operated mining fleet delivering run-of-mine ore at a nominal rate of 10 Mtpy from the three open pits to the primary crusher. The ore will be reduced in size through a three-stage crushing facility from 700 mm to 100% passing 12.5 mm. The crushed ore will be transported approximately 6.2 km via overland conveyors to a crushed ore stockpile. From there, it will be reclaimed by belt feeders underneath the stockpile and transferred to a load out bin by a conveyor. Lime will be added to the ore on the conveyor and trucks will haul the ore approximately half a kilometer to the heap leach pad for stacking. The planned heap leach facility consists of the leach pad and collection ponds. The leach pad will be constructed in three phases with a total ore heap stacking capacity of 104 Mt over the 10.4 year project life. The collection ponds will include the process pond and two storm event ponds. Process solution and storm/snowmelt water will flow from the leach pad and will gravity drain through a spillway from the pad to the process pond. Spillways will connect the ponds for potential runoff overflows.

 

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