Lydian receives first loan note advance for Armenia gold project
Armenia-focused gold developer Lydian has received the first advance of $25-million under its term loan with Orion and Resource Capital Fund for ongoing construction of the company’s Amulsar gold project, in Armenia. “We are very pleased to receive this funding during the peak of our construction season. Our treasury remains strong, with more than $75-million total cash on hand,” CEO Howard Stevenson said on Tuesday.