Yanfolila Mine Security Update

RNS Number : 8500T

Hummingbird Resources PLC

29 November 2021

 

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

29 November 2021

Hummingbird Resources plc

("Hummingbird" or the "Company")

Yanfolila Mine Security Update

Hummingbird Resources plc (AIM: HUM) provides a security update on the Yanfolila mine in Mali.

In recent days there has been unrest and illegal road blocks in the region. This activity has impacted the Company's ability to safely continue operations at the mine and as such Yanfolila is temporarily offline until conditions allow.

The safety and wellbeing of our employees, contractors and business partners remains Hummingbird's highest priority. The situation on site remains calm and orderly with all employees and contractors safe and accounted for. Once conditions allow, a full assessment of plant and equipment will be carried out and any potential impacts will be evaluated.

Hummingbird is extremely proud of the positive and collaborative relationship it has developed with its host communities. The current illegal action is from a small minority and not representive of the communities where the Company operates, and is damaging for all concerned. Given the unrest includes illegal activities such as public order and blocking of public access roads, the Company has elevated the disruption to the national Government, who are in the process of working through the situation and resolving it. It is anticipated that the Company should be in a position to return to normal operations shortly.

This interruption to operations is impacting production and whilst it is currently difficult to evaluate the full impact at this time, the Company advises that the full year production will be below the bottom end of the 2021 guidance range. The Company will provide more details as soon as there is more clarity on the resolution of the distruption and its impacts.  

Dan Betts, CEO of Hummingbird, commented: 

"The safety of everybody at site is our highest priority and whilst this situation is a disappointment for all concerned, I would like to stress my gratitude for the calm and professional manner in which our team is working through the situation. The Government of Mali is aware of the situation and is actively engaged in resolving these distruptions and we anticipate the situation will be short lived. In light of the tremendous work done at Hummingbird recently to increase our mine life reserves and commence construction at our Kouroussa mine in Guinea, I believe the long term future of the Company has never looked stronger. This short term interruption should not overshadow the tremendous pipeline of development work and opportunity the Company has in front of it."

**ENDS**

Notes to Editors:

Hummingbird Resources (AIM: HUM) is a 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 in 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. 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.

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

Daniel Betts, CEO Thomas Hill, FD Anthony Köcken , COO Edward Montgomery, CSO & ESG	Hummingbird Resources plc	Tel: [phone]
James Spinney Ritchie Balmer	Strand Hanson Limited Nominated Adviser	Tel: [phone]
James Asensio Thomas Diehl	Canaccord Genuity Limited Broker	Tel: [phone]
Bobby Morse Ariadna Peretz James Husband	Buchanan Financial PR/IR	Tel:  [phone] Email: [e-mail]

 

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