diff --git a/src/CMakeLists.txt b/src/CMakeLists.txt
--- a/src/CMakeLists.txt
+++ b/src/CMakeLists.txt
@@ -24,9 +24,12 @@
 include(AddCompilerFlags)
 remove_compiler_flags(-DNDEBUG)
 
-# Ensure that WINDRES_PREPROC is enabled when using windres.
 if(${CMAKE_SYSTEM_NAME} MATCHES "Windows")
+	# Ensure that WINDRES_PREPROC is enabled when using windres.
 	list(APPEND CMAKE_RC_FLAGS "-DWINDRES_PREPROC")
+	# CMake adds a library path to the compiler insallation directory.
+	# This may conflict with the depends/<mingw>/lib directory, so remove it.
+	set(CMAKE_C_IMPLICIT_LINK_DIRECTORIES "")
 endif()
 
 # CMake provides the POSITION_INDEPENDENT_CODE property to set PIC/PIE.