As Lydian International was marking its 5-th anniversary of being listed at Toronto Stock Exchange (TSX), the company’s CEO Tim Coughlin opened the TSX on January 24.

This was the first time the company that is the 100 percrent owner of Amulsar gold deposit in Armenia opened the TSX, and this ceremony was an opportunity to drive the potential investors attention to Armenia as an investing destination.

TSX is the worlds leading stock market for mineral exploration and development companies. Since listing, Lydian has brought about 400 million dollars to the TSX for the development of the gold project Amulsar.



There are only two companies listed in the Toronto Stock Exchange that operate in Armenia. Tim Coughlin thanked TSX for making Armenia known as a great investment destination to the world.

“Thanks to the TSX Amulsar and Armenia have been exposed to investors around the World as a great project and favorable investment environment”‬, he said.

The major shareholders of Lydian International are the International Finance Corporation (IFC – part of the World Bank Group), the Royal Bank of Canada, Amber Capital and the European Bank of Reconstruction and Development (EBRD) and a number of other investment institutions, many of which are investing in Armenia for the first time.