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Lydian International Limited

03:20 PM EST - Lydian International Limited : Announced an update for construction progress at its 100%-owned Amulsar Gold Project in Armenia. With scheduled average annual production of 225,000 gold ounces over an initial 10-year mine life, Amulsar will be among the most significant new gold mines to start operations this year. Construction activities at Amulsar continue to progress well in key areas. Engineering is essentially complete, procurement is approaching 90%, and construction work is more than 50% complete. Earthworks are largely complete in critical areas, with the mine haul road and barren rock storage facility representing the largest remaining areas of work. Lydian International Limited
shares T.LYD are trading down $0.02 at $0.47.