,
Hummingbird Resources plc / Ticker:
HUM / Index: AIM / Sector: Mining
25 January
2024
Hummingbird Resources
plc
("Hummingbird" or the "Company")
Kouroussa Mine Update and notice of Q4-2023
Operational and Trading Update
Hummingbird (AIM: HUM) is pleased to provide an
update on operations at its Kouroussa Gold Mine ("Kouroussa"),
Guinea, and provide notice of the upcoming Q4-2023 Operational and
Trading Update.
Kouroussa Mine Update
As previously announced, a fire at the primary
fuel depot in Conakry, Guinea, led to the temporary suspension of
mining operations at Kouroussa, with the processing plant remaining
in operation, processing existing stockpiles and limited material
mined.
Following delivery of fuel to the Kouroussa
Gold Mine over the past few days, mining operations at the site are
restarting shortly and are expected to ramp up to full capacity
levels over the coming weeks.
During the suspension of mining operations, the
Company has completed several initiatives to improve ramp-up
performance, including grade control drilling and dewatering of the
operation, and has conducted additional training at the Kouroussa
Mine. The Company remains focused on reaching full commercial
production in Q1-2024.
Notice of Q4-2023 Operational and Trading
Update
Hummingbird
will release its Q4-2023 Operational and Trading Update for the
period ending 31 December 2023, including FY-2024 production and
AISC guidance, on Wednesday 31 January 2024. Further details will
be provided at the time of the announcement.
**ENDS**
Notes to Editors:
Hummingbird Resources plc (AIM: HUM) is a
leading multi-asset, multi-jurisdiction gold producing 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 once at commercial production.
Further, the Company has a controlling interest in the Dugbe
Gold Project in Liberia that is being developed by
joint venture partners, Pasofino Gold Limited. 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, and a 14-year life of mine at a low AISC profile. 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 hummingbirdresources.co.uk or
contact:
Daniel Betts,
CEO
Thomas Hill,
FD
Edward Montgomery,
CD
|
Hummingbird Resources
plc
|
Tel: +44 (0) 20 7409
6660
|
James
Spinney
Ritchie
Balmer
|
Strand Hanson
Limited
Nominated
Adviser
|
Tel: +44
(0) 20 7409 3494
|
James
Asensio
Ana
Ercegovic
|
Canaccord Genuity
Limited
Broker
|
Tel: +44 (0) 20 7523
8000
|
Bobby Morse
Oonagh
Reidy
George Pope
|
Buchanan
Financial
PR/IR
|
Tel: +44 (0) 20
7466 5000
Email: HUM@buchanan.uk.com
|