Statement on Situation in Mali

RNS Number : 5704W

Hummingbird Resources PLC

19 August 2020

 

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

19 August 2020

Hummingbird Resources plc  

("Hummingbird" or the "Company") 

Statement on Situation in Mali

Hummingbird Resources plc ("Hummingbird" or the "Company") (AIM: HUM) is closely monitoring the situation in Mali following the resignation of President Keita.

There has been no current impact on Hummingbird's operations and production at the Yanfolila mine, which is located some 280 kilometres south west of the capital, Bamako.

The Company's security team is in regular contact with the operational and management team regarding the ongoing safety of Hummingbird's staff, operations and assets. The safety of the Company's employees and contractors remains of the upmost importance.

Hummingbird has been operating in Mali since 2015 and in production since December 2017.

**ENDS**  

For further information, including an updated Corporate presentation, please visit www.hummingbirdresources.co.uk or contact:

Daniel Betts, CEO Thomas Hill, FD Edward Montgomery, Chief Strategy & ESG Officer	Hummingbird Resources plc	Tel: [phone]
James Spinney Ritchie Balmer James Bellman	Strand Hanson Limited Nominated Adviser	Tel: [phone]
James Asensio	Canaccord Genuity Limited	Tel: [phone]
Tim Blythe Megan Ray Rachael Brooks	Blytheweigh Financial PR/IR	Tel:  [phone]

Notes to Editors:

Hummingbird Resources (AIM: HUM) is a leading gold production, development and exploration company.  The Company has two core gold projects, the Yanfolila Gold Mine in Mali and the recently acquired Kouroussa Gold Project in Guinea.  Yanfolila produced its first gold pour on time and budget in December 2017.  At 31 October 2019 Yanfolila has a 7.9Mt of Reserve ore @ 2.66 g/t for 676,000ozs gold.  At 31 March 2019 Yanfolila had a total Resource base (inclusive of Reserves) of 28Mt of Ore @ 2.23 g/t for 2,005,300ozs gold. The Kouroussa Gold Project has a Resource base of 1.18Moz @ 3.08 g/t, which will be fast tracked to production, adding an additional c.100,000 oz of gold per annum to its production profile. Hummingbird also has a controlling interest in the Dugbe Gold Project that is expected to be developed by Pasofino Gold Limited through an earn-in agreement. The Dugbe Gold Project has Resources currently totalling 4.2Moz of gold and a completed NI 43-101 compliant PEA on the project showing a 43% IRR and US$337m NPV at a US$1,500 gold price.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. 
 

 

END

 

 

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