Lydian International Limited announced the company has entered into an amended and restated forbearance agreement with its senior lenders, stream financing providers, and equipment financiers, pursuant to which they have agreed to: (a) continue to temporarily suspend all principal and interest payments due and payable, and (b) continue to forbear from declaring or acting upon, or exercising default-related rights or remedies under such creditor's financing agreement with respect to certain events of default, in each case, until the earlier of (a) June 30, 2019, (b) the occurrence of an additional event of default under such creditor's financing agreement, or (c) any breach by the Company of the A&R Forbearance Agreement. Orion CO IV (ED) Limited (Orion), Resource Capital Fund VI L.P. (RCF) and Osisko Bermuda Limited (Osisko) have committed to make available up to $18.56 million to fund the Company during the forbearance period through an amendment to the Company's existing credit agreement. The forbearance facility will be available to be drawn in multiple advances from January 1, 2019 through June 30, 2019, and has a maturity date of June 30, 2019. The forbearance facility will bear interest at a rate of 15% per annum and includes a further 3% fee paid by original issue discount at each drawdown. The availability of the forbearance facility and any advances under it are subject to applicable conditions precedent to be set forth in the definitive loan documentation, which must be finalized by January 15, 2019. If Orion and either RCF or Osisko reasonably determine that the Company's pursuit of strategic alternatives will not be completed by June 30, 2019, they will be entitled to terminate the A&R forbearance agreement at the end of the calendar month in which such determination is made. The company's previously announced forbearance agreement with its senior lenders, stream financing providers, and equipment financiers was set to expire on December 31, 2018.