LYD.TO - Lydian International Limited

Toronto - Toronto Delayed Price. Currency in CAD
0.0900
0.0000 (0.00%)
As of 11:07AM EST. Market open.
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Previous Close0.0900
Open0.0900
Bid0.0850 x 0
Ask0.0900 x 0
Day's Range0.0900 - 0.0900
52 Week Range0.0600 - 0.2400
Volume118,500
Avg. Volume799,251
Market Cap68.402M
Beta (3Y Monthly)-1.51
PE Ratio (TTM)N/A
EPS (TTM)-0.2800
Earnings DateNov 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.41
  • GlobeNewswire

    Lydian Announces Positive Decision From the Administrative Court of Armenia Rejecting an Attempt to Revoke the EIA Relating to the Amulsar Project

    The reasoning of the Court is important in the context of ongoing unlawful activities against the Amulsar Project. A small number of private citizens alleged that ‘new ecological factors’ had come to light which justified setting aside the existing EIA.

  • GlobeNewswire

    Lydian Announces Third Quarter 2019 Results and Corporate Update

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) announced today its results for the three and nine months ended September 30, 2019. As a result, on March 11, 2019, two of Lydian’s subsidiaries formally notified the Government of Armenia of the existence of disputes with the Government of Armenia under the UK BIT and the Canada BIT. Starting on August 19, 2019, the Prime Minister has made repeated statements that Lydian’s access to the Amulsar Project site should be restored.

  • GlobeNewswire

    Lydian Announces Intention to Apply to the Administrative Court of Armenia for an Order Compelling the Ministry of Environment to Issue a Water Permit Relating to the Amulsar Project

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) commented on a decision by Armenia’s Ministry of Environment to reject the Company’s application to draw water from the Darb River. On July 4, 2019 the Company applied to the Ministry of Environment to water use from the Darb River at a volume of 43․5 l/s.  On September 9, 2019 the Ministry suspended and commented on the application, including one comment on the need to revisit the 43.5 l/s requested due to a seasonal insufficiency of water in the Darb River during three months of the year.

  • GlobeNewswire

    Lydian Announces a Successful Appeal From an Administrative Directive Preventing Mining Related Activities at the Amulsar Project

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) is pleased to announce that the Administrative Court of Armenia ruled on October 15th  in favor of Lydian Armenia, a subsidiary of Lydian, and upheld the Company’s appeal against a Directive of Armenia’s Environmental and Mining Inspection Body (Inspection Body), dated August 27, 2018 preventing any mining related activities at the Amulsar Project (Directive 30-A). Mr. Artur Grigoryan, former Head of the Inspection Body, directed the Company on August 27, 2018 to refrain from any mining-related activities until the Ministry of Nature Protection conducted a study of ‘new found ecological factors’ alleged by Mr. Grigoryan to have been identified at the Amulsar Project for the first time.

  • GlobeNewswire

    Lydian Announces Extension of Forbearance Agreement

    During the forbearance period, the Company will continue to review all alternatives available, including strategic, financing, restructuring and legal alternatives. The Company’s previously announced forbearance agreement with its senior lenders, stream financing providers, and equipment financiers was set to expire on October 11, 2019.

  • GlobeNewswire

    Lydian Announces a Revised 43-101 Feasibility Study for the Amulsar Project

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) is pleased to announce the results of an updated 43-101 Feasibility Study for its 100%-owned Amulsar Project in south-central Armenia. The results of the updated Feasibility Study show an increase in reserves from 102.6 million tonnes to 119.3 million tonnes to incorporate additional measured and indicated resources, and an increase of 192,000 oz. Following a change in the Government of Armenia (“GOA”) in May 2018, demonstrations and road blockades occurred sporadically throughout the country, including at the Amulsar Project.

  • GlobeNewswire

    Lydian Announces Prime Minister of Armenia’s Statement that Open Access to the Amulsar Project Should be Restored

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) announced today that during a live Facebook broadcast, Prime Minister Nikol Pashinyan, of the Republic of Armenia stated that access to the Amulsar Project site should be restored and the protesters blocking access should open the roads. The Prime Minister also stated that there is no legal basis on which the Government of Armenia can prevent Lydian from advancing the Amulsar Project in accordance with permits based on an existing Environmental Impact Assessment (“EIA”) or require an additional EIA regarding the Amulsar Project at this time.  The Prime Minister noted that Lydian had affirmed expressly that it would comply with its EIA performance standards and then stated that stopping the Amulsar Project on environmental grounds would clearly illustrate a discriminatory approach regarding Lydian and not enhance Armenia’s ability to attract foreign investment.

  • GlobeNewswire

    Lydian is Deeply Disappointed with ELARD’s Misleading Comments on Skype Call with the Government of Armenia

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) expressed deep disappointment today with comments made by Earth Link & Advanced Resources Development (“ELARD”) on a Skype conference call hosted by the Government of Armenia on August 29th to discuss an environmental audit of Lydian’s Amulsar Project and related environmental impact assessments.

  • GlobeNewswire

    Lydian Provides Update on Government of Armenia’s Review of SIC Report on Lydian’s Responses to Recommendations in Environmental Audit Report

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) confirmed today that Prime Minister Nikol Pashinyan of the Republic of Armenia stated in a post to social media that he asked the Ministry of Environment (“ME”) on August 21, 2019 to review a report from the Special Investigative Committee of the Republic of Armenia (“SIC”) relating to the Amulsar Project (the “SIC Report”). The SIC Report reviews Lydian’s response (“Lydian’s Response”) to the recommendations by Earth Link & Advanced Resources Development contained in its report to the SIC on the Amulsar Project (the “Audit Report”).  Lydian understands that the ME’s review is directed toward whether there may need to be any further Environmental Impact Assessment (“EIA”) conducted in respect of the Amulsar Project.  Lydian has received no official confirmation of either the Prime Minister’s request of the ME or the scope or duration of any review to be conducted by the ME.

  • GlobeNewswire

    Lydian Announces Armenia’s Decision to Allow the Amulsar Project to Proceed

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) announced today that during a live Facebook broadcast, Prime Minister Nikol Pashinyan, of the Republic of Armenia, stated that “The information we currently have at this moment is very clear, the exploitation of the mine does not harm the environment.”  The Prime Minister went on to state that Lydian would be permitted to proceed with the Amulsar Project.

  • GlobeNewswire

    Lydian Provides Responses to Environmental Audit Recommendations

    TORONTO, Aug. 16, 2019 -- Lydian International Limited (TSX: LYD) (“Lydian” or the “Company”) announced today that it has provided the Special Investigative Committee of the.

  • GlobeNewswire

    Lydian Provides Update on Environmental Audit

    Edward Sellers, Interim President & CEO of Lydian, commented: “We are relieved that the Audit Report has been made public, as the Government of Armenia has repeatedly conditioned Lydian’s ability to advance the Amulsar Project on its results.

  • GlobeNewswire

    Lydian Announces Second Quarter 2019 Results and Corporate Update

    Lydian International Limited (LYD.TO) (“Lydian” or “the Company”) announced today its results for the three and six months ended June 30, 2019. As a result, two of Lydian’s subsidiaries formally notified the Government of Armenia on March 11, 2019 of the existence of disputes with the Government of Armenia under the UK bilateral investment treaty and the Canada bilateral investment treaty. Financing – The Company entered into the Second Amended and Restated Forbearance Agreement (“Second A&R Forbearance Agreement”) on July 1, 2019 with its senior lenders, stream financing providers and equipment financiers.

  • Some Lydian International (TSE:LYD) Shareholders Have Taken A Painful 87% Share Price Drop
    Simply Wall St.

    Some Lydian International (TSE:LYD) Shareholders Have Taken A Painful 87% Share Price Drop

    It is a pleasure to report that the Lydian International Limited (TSE:LYD) is up 58% in the last quarter. But spare a...

  • GlobeNewswire

    Lydian Announces Update on Police Inaction

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) announced today that trespassers and their property remain on the Company’s Amulsar Project site despite prior Court rulings. The Administrative Court of Armenia has ordered the Police to remove trespassers and their property from the Company’s Amulsar Project site.  The Court’s decision was to be enforced within 30 days, if not appealed by the Police.  Since the Police had not appealed the Court’s decision within 30 days after the Court’s ruling, Lydian was expecting the trespassers and their belongings to be removed by the Police, and Lydian’s access to the site restored.

  • GlobeNewswire

    Lydian Reports Voting Results from Annual General Meeting

    TORONTO, June 12, 2019 -- Lydian International Limited (TSX:LYD) (“Lydian” or “the Company”) is providing a summary of the voting results from its 2019 Annual General Meeting.

  • GlobeNewswire

    Lydian Provides Management Update

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) announced today the following management update. As part of the Company’s restructuring program, Joao Carrelo, President and Chief Executive Officer and a member of the board of directors, will step down effective June 12, 2019. Russell Ball, Chairman of Lydian, commented on behalf of the board, “We thank Joao for his leadership over the past year and we are pleased he has agreed to continue to assist the Company on a consulting basis going forward.

  • Reuters

    FEATURE-Gold of contention: Armenia land dispute in spotlight as government steps in

    T onnes of gold that lie under a snow-capped mountain in Armenia have locked locals and international investors in a bitter land dispute, with the country's new government being watched closely in coming weeks as it tries to resolve the conflict. For almost a year, protesters worried about potential damage to the environment have blocked access to works to complete a mine that its Anglo-American operator says would generate hundreds of jobs and millions in tax revenue for the state. With a government-commissioned assessment into the mine's environmental impact expected to be released within weeks, international investors were said to be watching closely to see how Prime Minister Nikol Pashinyan handled the dispute.

  • GlobeNewswire

    Lydian Board Announces Intention to Appoint New Director

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) announced today that its board of directors (the “Board”) intends to appoint Victor Flores as a new director immediately following the upcoming annual general meeting of Lydian on June 12, 2019 (the “AGM”). Mr. Flores has advised that he is willing to join the Board. Due to timing limitations under Jersey law, the Board cannot add Mr. Flores to the notice of annual general meeting, management information circular and form of proxy for the AGM, but if the directors as set out in the notice of annual general meeting are elected at the AGM, they currently intend to appoint Mr. Flores to the Board immediately following the AGM.

  • GlobeNewswire

    Lydian Announces First Quarter 2019 Results and Corporate Update

    Lydian International Limited (LYD.TO) (“Lydian” or “the Company”) announced today its results for the three months ended March 31, 2019. Illegal Blockades – The blockades continue at Lydian’s Amulsar Gold Project, having been in place since June 22, 2018. As a result, two of Lydian’s subsidiaries formally notified the Government of Armenia on March 11, 2019 of the existence of disputes with the Government of Armenia under the UK bilateral investment treaty and the Canada bilateral investment treaty.

  • GlobeNewswire

    Lydian Provides Board and Management Updates

    Lydian International Limited (LYD.TO) (“Lydian” or the “Company”) announced today the following board of director and management updates. Eugene Davis resigned from the Company’s board of directors, effective May 1, 2019. In addition, Tim Read has announced his retirement and submitted his resignation from the Company’s board of directors.

  • GlobeNewswire

    Criminal Court Rules Police to Initiate Criminal Investigation Against Protesters Blocking Amulsar Project Site

    On July 24, 2018, Lydian Armenia CJSC, a subsidiary of Lydian International Limited (LYD.TO) (“Lydian” or the “Company”), filed a complaint with the Jermuk Unit of the Vayots Dzor Police Department to initiate an investigation and file criminal charges against the protesters that had set up illegal blockades of roads accessing the Amulsar Project site. The Police denied this request, resulting in the Company applying for a reversal of the Police decision with the Ararat and Vayots Dzor Regions’ General Jurisdiction Court on September 30, 2018. The court ruled in Lydian’s favour on January 18, 2019, establishing that the Police failed to initiate a criminal case based on the alleged violations.