Market darling and favorite among gurus Brent Cook and Rick Rule, Lydian International (LYD:TSX) is taking it on the chin today (down 37% at the time of writing) after announcing that political risk is real. Looks like the Armenian authorities want more information regarding the catchment basin to Lake Seven (Armenia’s largest fresh water resource). This could dramatically negatively impact the timeline to production and shows the growing influx of social and environmental movements which are coming into play in the permitting process of mines around the world (see Newmont and Barrick in LatAm).

President & CEO, Dr. Tim Coughlin probably not as happy today

President & CEO, Dr. Tim Coughlin probably not as happy today