Hummingbird Resources plc said that the external assurance audit had started for the Year 3 World Gold Council (WGC) responsible gold mining principles (RGMPs) requirements. OUTCOME The company began the audit during Q2 2022 as reported in its operations and financial report. Hummingbird added it had a dedicated ESG team and external consultants in place […]
Tag: Dugbe – Liberia
Hummingbird increases Yanfolila production
Hummingbird Resources plc reported a rise in production at Yanfolila gold mine in Mali and further progress at its projects in Guinea and Liberia. INFLATION In its second quarter report for 2022, the company posted production increased 29% from Q1 2022 to 20,013 oz gold (Q1 2022: 15,548oz). All-in sustaining cost (AISC) fell by 17% to […]
Dugbe DFS reveals 2.76Moz gold reserves
Hummingbird Resources plc said a definitive feasibility study showed a 2.76 million oz reserve base and 14-year life of mine with further potential for its 2,559 km2 Dugbe gold project in southern Liberia. MINE LIFE Currently comprising two deposits of Dugbe F and Tuzon, discovered by Hummingbird in 2009 and 2011 respectively, the project holds […]
Hummingbird JV nears completion of Dugbe FS
Hummingbird Resources plc said that Pasofino Gold Ltd expects to complete the feasibility study (FS) in April 2022 for the Dugbe joint venture (JV) gold project in Liberia. GOLD RECOVERIES The FS confirms gold recoveries of between 85% and 91%, depending on whether carbon-in-leach (CIL) or CIL with flotation circuit is selected. Hummingbird added that […]
Hummingbird partner raises up to $5.5m for Dugbe
Hummingbird Resources plc’s earn-in partner Pasofino Gold Ltd has raised up to US$5.5 million, including $4.5m from Turkish miner ESAN, for the Dugbe gold project in Liberia. DFS Pasofino’s non-brokered private placement of its common shares will allow the company to complete the definitive feasibility study due during Q2 2022. Today’s news follows a revised […]
Hummingbird on course to clear debt
Hummingbird Resources plc posted a stronger balance sheet and net cash position despite less gold produced from its projects in West Africa. EARN-IN The company faced higher costs and lower-than-expected gold production at Yanfolila due to Covid-19, a change in the mine plan, a coup in Mali which affected logistics, and extreme weather. For full year […]