– UK, St. Helier – Lydian International Limited (TSX:LYD), announced today that its board of directors intends to appoint Russell Ball as a new director immediately following its upcoming annual general meeting on June 28, 2018 based on the recommendation of the governance committee. Mr. Ball has advised that he is willing to join the Board. Due to timing limitations under Jersey law, the Board cannot add Mr. Ball 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. Ball to the Board immediately following the AGM.
Mr. Ball is a former Executive Vice President and Chief Financial Officer of Goldcorp Inc. and Newmont Mining Corporation, two of the world’s largest gold producers. Mr. Ball joined Goldcorp in May 2013 as Executive Vice President of Projects and Capital Management and in December 2014 was appointed Executive Vice President of Corporate Development and Capital Projects. He served as Chief Financial Officer and Executive Vice President of Corporate Development from March 2016 to October 2017. Prior to joining Goldcorp, Mr. Ball served as Executive Vice President and Chief Financial Officer of Newmont. Over his nineteen years with Newmont, Mr. Ball worked in internal audit, finance, treasury, operations/projects and investor relations before joining the executive team as Chief Financial Officer. Prior to Newmont, Mr. Ball was a manager with PricewaterhouseCoopers in Durban, South Africa. He qualified as a Chartered Accountant from the Institute of Chartered Accountants of South Africa and as a Certified Public Accountant in Colorado.
Mr. Ball currently serves on the Boards of Trevali Corporation (TSX:TV), Columbus Gold Corporation (TSX:CGT) and Allegiant Gold Limited (TSX-V:AUAU).
“We look forward to welcoming Russell to the Board of Lydian International. His wealth of knowledge, experience and leadership in our industry will be important as we transition from a developing to a producing asset in Armenia and further grow the Company,” said Gordon Wylie, Chairman of Lydian.
About Lydian International
Lydian is a gold developer focusing on construction and commissioning at its 100%-owned Amulsar Gold Project, located in south-central Armenia. Amulsar will be a large-scale, low-cost operation with production expected to begin in the fourth quarter of 2018, with ramp-up continuing into 2019. Gold production is targeted to average approximately 225,000 ounces annually over an initial 10-year mine life. Open pit mining and conventional heap leach processing contribute to excellent scale and economic potential. Estimated mineral resources contain 3.5 million measured and indicated gold ounces and 1.3 million inferred gold ounces as outlined in the Q1 2017 Technical Report. Existing mineral resources beyond current reserves and open extensions provide opportunities to improve average annual production and extend the mine life. Lydian is committed to good international industry practices in all aspects of its operations including production, sustainability, and corporate social responsibility.
For more information : http://lydianinternational.co.uk
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August 15, 2019