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: Hummingbird Resources plc
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 […]
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 chairman Russell King to retire
Hummingbird Resources plc announced that its non-executive chairman Russell King would retire with effect from 29 June 2022. Mr King has been chairman of the company since November 2014. Chief executive Daniel Betts will assume the role of interim executive chairman and CEO until the company appoints a new chairman.
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 looks to improve on Q1 operations
Hummingbird Resources plc said it expected operations to improve following first quarter results from its gold expoloration and mining portfolio in West Africa. PRODUCTION The company previously forecast lower Q1 2022 production which was recorded at 15,548 oz gold (Q4 2021: 18,181oz). This was due mainly to the planned essential maintenance work on the processing […]