WGC RGMP Full Compliance Achieved

RNS Number : 3725G

Hummingbird Resources PLC

15 November 2022

 

15 November 2022

Hummingbird Resources plc

('Hummingbird' or the 'Company') 

WGC RGMP Full Compliance Achieved

Hummingbird Resources plc (AIM: HUM) is pleased to announce that the Company has achieved Full World Gold Council ("WGC") Responsible Gold Mining Principles ("RGMP") compliance, within the shortest possible timeframe at both Corporate and Yanfolila site level.

Hummingbird Resources plc ("Hummingbird" or the "Company") is committed to operating responsibly with strict environmental, social and governance ("ESG") protocols and practices. To demonstrate that commitment, Hummingbird joined the WGC as a member company in June 2020, and on 04 September 2020, as part of its support of international best practices, the Board of Hummingbird declared its intent to adopt the RGMPs and to work towards the September 2022 full conformance deadline.

Hummingbird is proud to report that, after the self-assessment process, the Company has now fully implemented and often gone beyond the underlying systems, policies and procedures required for full Year 3 compliance with the RGMP requirements.

Hummingbird worked with its external assurance provider, which obtained the evidence, information and explanation, considered necessary in relation to the assurance scope, and was satisfied that Hummingbird's conformance with the principles was fairly stated based on the procedures performed and evidence obtained.

The 2022 Annual Report on the Implementation of the Responsible Gold Mining Principles (the ''Report''), can be found here , and full disclosure can be found in the Appendix to the Report, which provides a detailed RGMP activity table, references to relevant policies and management systems, together with further planning for ongoing improvement.

In conformance with the RGMPs, the Report is limited assured by an external independent assurance provider. Please click  here  for the Independent Limited Assurance Report from RSM UK Risk Assurance Services LLP with further details available on the Company's website in the responsible mining section.

Chief Strategy and ESG officer Edward Montgomery commented:

"Adopting the WGC RGMPs is a key part of Hummingbird's strategy for building a long term, sustainable mining company. Meeting and exceeding these requirements within the shortest timeframe possible demonstrates our continued commitment to the highest standard of ESG performance, which is a key part of our dedication to building a lasting positive legacy in the regions and communities in which we operate .

"As a result of the auditing process, the Company has benchmarked, and in some cases improved, our ESG practices. The process has instigated further commitments to developing the Kouroussa project in compliance with the same strict WGC RGMP's as well as inspiring other projects like the Company's industry leading Kouroussa Green Energy Project and potential solar projects at Yanfolila which highlight Hummingbird's ongoing commitment to ESG protocols and practices. Implementing the RGMPs enables Hummingbird to evidence a greater level of accountability and transparency, in line with the increasing expectations of our stakeholders.

We are pleased with the progress made so far and the steps being taken to improve our management systems and responsible business protocols and practices and we are very proud to have achieved full conformance with the RGMP requirements at both corporate and Yanfolila site level. At Hummingbird Resources we are committed to demonstrating that responsible gold mining can play a progressive role and build a lasting positive impact whilst delivering sustainable returns to our shareholders."

Background on the RGMPs

In September 2019 the World Gold Council launched the RGMPs to provide a sustainable reporting framework that supports international best practice in addressing key ESG requirements as to what constitutes responsible gold mining via ten umbrella principles and 51 detailed principles. Member companies have up to three years to fully comply with the RGMPs and are required to obtain annual external assurance on their performance and conformance.

Hummingbird is committed to operating responsibly with strict ESG protocols and practices. To further demonstrate that commitment, Hummingbird joined the WGC as a member company in June 2020. On 4 September 2020, the Company declared its intention to adopt the ten umbrella principles and 51 detailed principles of the RGMPs and work towards the September 2022 full conformance deadline, which was successfully achieved.

**ENDS**

 For further information please visit  www.hummingbirdresources.co.uk  or contact:

Daniel Betts, CEO Thomas Hill, FD Anthony Kocken, COO Edward Montgomery, CSO & ESG	Hummingbird Resources plc	Tel: [phone]
James Spinney Ritchie Balmer	Strand Hanson Limited Nominated Adviser	Tel: [phone]
James Asensio Gordon Hamilton	Canaccord Genuity Limited Broker	Tel: [phone]
Bobby Morse George Cleary	Buchanan Financial PR/IR	Tel:  [phone]

Notes to Editors:

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold production, development and exploration Company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigin.com). The Company currently has two core gold projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than double current gold production when production, scheduled for first gold pour end of Q2 2023. Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by Pasofino Gold Limited through an earn-in agreement. The final feasibility results on Dugbe showcase 2.76Moz in Reserves and strong economics such as a 3.5-year capex payback period once in production, 14-year life of mine at a low AISC profile of US$1,005/oz. Our vision is to continue to grow our asset base, producing profitable ounces, while central to all we do being our Environmental, Social & Governance ("ESG") policies and practices. 

 

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