Hummingbird Resources plc net group estimates have fallen compared with last year’s statement for its projects in Guinea, Mali and Liberia. UNTAPPED EXPLORATION Revised group reserves total 4.03 million ounces of gold and group resources of 6.95 Moz, while net figures saw a decrease of 98,000 ounces and 327 Koz respectively. At the Kouroussa gold […]
Tag: Dugbe gold project Liberia
Hummingbird has strong first half at Yanofila
Hummingbird Resources plc has reversed its fortunes with strong first half production from Yanfolila gold mine in southern Mali. PRODUCTION The company’s Q2 2023 operational and trading report showed an increase to 23,885 oz gold produced in Q2 2023 (Q2 2023: 20,013 oz). Total H1 2023 gold produced reached 51,147 oz (H1 2022: 35,561 oz). […]
Hummingbird 2022 losses treble from challenges
Hummingbird Resources plc recorded more than a three-fold increase in losses while gold pour fell following issues with its mining contractor at the Yanfolila mine in Mali. FINANCES Full year results for 2022 showed revenue decreased to US$150.5 million (2021: $162.7m) while losses rose to £39.9m (2021: £12.7m). The company sold less gold at 80,445 […]
Hummingbird progresses Yanfolila-Kouroussa
Hummingbird Resources plc maintained steady performance at its Yanfolila gold mine in Mali while remaining on schedule for first gold pour at Kouroussa, Guinea. CONTRACT Results for Q1 2023 showed production continuing from the end of the previous year with 27,262 ounces (Q4 2022: 28,264: Q1 2022: 15,548). Q1 2023 all-in sustaining cost (AISC) from […]
Hummingbird increases gold estimates
Hummingbird Resources plc said it had materially increased its company reserves from 1.12 million ounces to 4.13Moz and resources by 8% to 7.28Moz for its three gold projects in West Africa. PROJECTS The company’s assets comprise Yanfolila in Mali ; Kouroussa in Guinea including an inaugural ore reserve at the Kinkine deposit and higher-grade ore […]
Hummingbird expects gold output to rise after slow start
Hummingbird Resources plc announced an expected slow production start to the year with improvements anticipated during the second quarter at its gold projects in Mali, Guinea and Liberia. In its production, operational and trading report for the Q1 2021, which included ESGs, the miner recorded gold pour of 22,781 oz (Q4 2020: 22,012 oz). Gold sold […]