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Lydian International CFO stepping down

Lydian International Ltd. said March 18 that CFO Douglas Tobler will resign, effective June 14, less than a year after Howard Stevenson quit as president and CEO, amid continued fierce opposition to the Amulsar gold project in Armenia.

The TSX-listed company said it will begin the search for Tobler's successor in due course but gave no further substantial details. A Lydian representative could not immediately be reached for comment.

Stevenson left the company under similarly vague circumstances in May 2018 and was replaced by incumbent President and CEO João Carrêlo.

Lydian's Amulsar project has faced a steady stream of issues in recent months and years mainly related to its environmental impact.