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Economic Impact

Social-economic contribution of the Amulsar Gold Project

The social-economic contribution of the Amulsar Gold Project was analysed and the relevant report prepared for Lydian Armenia by Avag Solutions in 2015.  According to the findings of the analysis, the Project is going to have tangible impacts both directly and through indirect and induced economic activity. The Amulsar Gold Project’s direct contribution to Armenian GDP is expected to be almost 1% of total GDP. The Amulsar Gold Project is projected to be among the top 5 corporate taxpayers in Armenia.  

The Amulsar Gold Project will export on average USD 286 mln worth of gold annually, which will account for around 6.5% of total exports from Armenia (10% of merchandise exports).

Social-economic contribution of the Amulsar Gold Project

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