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Last C$0.25 CAD
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As of 3:58 PM 11/25/15 All times are local (Market data is delayed by at least 15 minutes).

lydian international ltd (LYD) Snapshot

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lydian international ltd (LYD) Details

Lydian International Limited operates as a gold-focused mineral exploration and development company. It focuses on exploring and developing precious metals assets in Eastern Europe, primarily in the Caucasus region. The company’s principal project includes the Amulsar project, a gold exploration and development project located in Armenia. It also holds a combined mining-exploration license in the Kela project, an early-stage gold prospect in the Guri region of the Ozurgeti province in Georgia. 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 Executive Officer, President and Direct...
Total Annual Compensation: $332.4K
Chief Financial Officer
Total Annual Compensation: $190.7K
Senior Vice President of Sustainability & Gov...
Total Annual Compensation: $229.0K
Compensation as of Fiscal Year 2014.

lydian international ltd (LYD) Key Developments

Lydian International Limited - Special Call

Lydian International Limited - Special Call

Lydian International Limited Reports Metallurgical Test Results of Amulsar Gold Project in Armenia

Lydian International Limited reported that results to date of its continuing metallurgical testing program and a blast fragmentation study demonstrate potential to favorably reduce initial capital costs and future operating expenses at its 100% owned Amulsar Gold Project in Armenia. Based on the projected outcome from this year's metallurgical testwork program and assessment of the rock quality in the ore body, Lydian plans to eliminate three of five cone crushers from the secondary and tertiary circuits and to reduce the double deck screens from five to three. The primary gyratory crusher will be replaced by a jaw crusher and the design nominal crush size will be increased from 12.5 mm to 19 mm. These revisions are expected to significantly reduce equipment requirements, the plant's structural footprint and energy consumption, while maintaining crushing capacity at 10 million tonnes per annum. The objective of the metallurgical testwork is to provide comparative recovery and reagent consumption information for material crushed to P100 19 mm (100% passing through 19mm) and P100 12.5 mm. A total of 13 composites were defined and used for 30 column leach tests. Column test results from this ongoing program show average gold extractions are trending consistent with prior column tests performed by the company, which averaged 90%. Importantly, results also indicate no statistical difference in leach kinetics or final gold extractions between composite samples crushed to P100 19 mm and P100 12.5 mm. The 2015 Technical Report assumed an optimal crush size of P100 12.5 mm. Current testwork indicates reagent consumption will be significantly lower and solution flow rates can be reduced from previously reported amounts. Preliminary solution assay results confirm a rapid rate of gold extraction using lower reagent concentrations than in earlier test programs. The majority of gold was extracted within 14 days with maximum extraction typically occurring in less than 60 days. SGS North America Inc. is performing the testing at its laboratory in Tucson, Arizona. A blast fragmentation study and subsequent classification of rock quality distributed in the geo-metallurgical model of the deposits indicate 65% to 95% of the ore is highly fractured with a "poor" rock quality, and less than 5% of the ore is of "good" rock quality. Rock quality classification was not included in the 2015 Technical Report, and all ore was assumed to be of "good" rock quality. The outcome of this study supports Lydian's plans to re- design the crushing plant and is also expected to contribute to reducing future blasting and crushing operating expenses. A revised technical report will be issued upon completion of the company's value engineering program which is to be completed during fourth quarter 2015.

Lydian International Limited Presents at Denver Gold Forum 2015, Sep-21-2015 05:30 PM

Lydian International Limited Presents at Denver Gold Forum 2015, Sep-21-2015 05:30 PM. Venue: Hyatt Regency, Denver, Colorado, United States.


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