Hummingbird Resources : HUM

News

• 11 Jan 2017 1 min read

  Hummingbird Resources reports mine construction at Yanfolila underway

  Hummingbird Resources reports that in Q4 16 it started construction of the Yanfolila gold mine, in Mali. The US$70 million mine is expected to begin production at the end of 2017 and is projected to produce an average of 107koz/y of gold at a low AISC of US$700/oz.   In October 2016, the first concrete […]

• 06 Dec 2016 1 min read

  Hummingbird Res. gold project now fully funded

  Hummingbird Resources (HUM:AIM) The Project capex for Yanfolila of US$88 million, is now fully funded. After a rigorous due diligence process, Taurus Funds Management Pty Limited has agreed to provide a US$45 million Senior Secured Term Facility and a US$10 million Cost Overrun Facility for the Yanfolila Gold project in Mali. The existing Bridge Loan […]

• 26 Jan 2016 1 min read

  Hummingbird Resources release positive feasibility study for Yanfolila

  Hummingbird Resources plc has followed up its maiden reserve estimate (see 15 December 2015) at its 85%-owned, Yanfolila gold project, in Mali,with a positive definitive feasibility study (DFS). The DFS is based on the progressive mining of five open pits to feed ore to a 1.24 Mt/y gravity and carbon-in-leach (CIL) plant which, with an average […]

• 15 Dec 2015 1 min read

  Hummingbird Resources declares maiden gold reserve in Mali

  Hummingbird Resources plc has declared a maiden reserve at its 85%-owned, Yanfolila gold project, in Mali. The reserve (100% basis) is 6.82 Mt at a grade of 3.03 g/t for 666 koz of gold contained, which represents a 20% increase from the in-pit resources in an optimisation study published in June this year. 100% of […]