YEREVAN. – The exploitation of Amulsar gold mine is not hindering tourism development in the resort town of Jermuk, Mayor Vardan Hovhannisyan said during the third forum of village communities.

“According to the submitted plan, development of the gold deposit will not hurt the city. The research is underway. We have appealed to the President with the request to keep the issue in spotlight. If the field hinders Jermuk, I think it will not work,” the Mayor said.

Amulsar deposit is the second largest gold deposit in Armenia after Sotk. The Lydian International reported resource update of 2.5 million ounces gold at its Amulsar project.