Hummingbird Resources plc announced it has been granted the mining licences for the Kouroussa gold project in Guinea. The miner will pay an initial consideration of £10 million to Cassidy Gold Corp, which will be met by the issue of 35,248,441 new ordinary shares in Hummingbird at a price of 28.4 pence per ordinary share. […]
Tag: Kouroussa – Guinea
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 […]
Hummingbird to extend drilling at Yanfolila gold mine
Hummingbird Resources plc said it has extended its drilling campaign after it intersected new zones mineralisation and found improved grade continuing at depth at its Yanfolila gold mine in Mali. The company has been conducting its final drilling programme at the Sanioumale East (SE) deposit. Results show that at 8m at 2.68 g/t from 112 m […]
Hummingbird to miss gold output targets at Yanfolila
Hummingbird Resources plc said it would not meet its lower end of 2020 production guidance at its Yanfolila gold mine in Mali due to extreme rain and the military coup during August. Total ounces poured year to date as at the end of November were approximately 93,000oz but the company had hoped for 110,000 – 125,000oz. […]