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 […]
Tag: Kouroussa – Guinea
Hummingbird production to rise with Kouroussa
Hummingbird Resources plc expects first gold pour scheduled for the end of Q2 at its Kouroussa project in Guinea to add material increase to the group’s production for 2023. OUTLOOK In its operational report for Q4 2022 and outlook for 2023, the company added that critical path construction and operational readiness items were nearing completion […]
Hummingbird starts external audit for Y3 RGMPs
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 […]
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 starts construction at Kouroussa
Hummingbird Resources plc has started construction following mobilisation of equipment and personnel at its Kouroussa gold project in Guinea. PREPARATIONS The news comes as the company also announced results from further assays of the 2021 resources and reserves infill drilling programme, including a hole of 24 metres at 5.33 g/t. Hummingbird has started ground clearing works for key […]
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 […]