Hummingbird Resources plc could be delisted and bought out after it agreed to convert US$30 million debt into shares for its main creditor. CHALLENGES Negotiations on debt restructuring continue with the company’s primary lenders Coris Bank International and CIG SA and its largest shareholder Nioko Resources Corporation. Hummingbird said that challenges at Yanfolila in southern […]
Tag: CIG SA
Hummingbird receives £15m investment
Hummingbird Resources plc has received a strategic two-tranche investment of US$15 million from African investment company CIG SA. USES The investment will help ensure the start of production by the end of Q2 2023 at the company’s second gold mine Kouroussa in Guinea, and help accelerate further exploration. “As we bring the development of our […]