ARMENIA

Gold Mining in Armenia -- Analysis

Introduction

Amulsar Gold projetc is based in Southern Armenia and Lydian International in 2006 made a ground breaking discovery. As recorded of March 2013 the gold deposists which have been found in Armenia at Amulsar Gold mine are 1.8Moz at 1.1 g/t in Measured, 0.6Moz at 1.0 g/t in Indicated and 1.7Moz at 0.8 g/t in Inferred at a 0.3 g/t gold cut-off.

Political:

Government of a country has huge impact in the gold industry. Unlike other industries government imposes royalty just to mine the gold. And the rate of this royalty affects greatly the competitiveness of the ...