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Hummingbird Resources plc (LSE:HUM) announced that it poured the first gold at its Mali-based Yanfolila gold mine from the carbon-in-leach circuit on December 19. According to the company, the pour was on time and on budget.
Hummingbird Resources plc (LSE:HUM) announced that it poured the first gold at its Mali-based Yanfolila gold mine from the carbon-in-leach circuit on December 19. According to the company, the pour was on time and on budget.
As quoted in the press release:
The Company is now focussed on completing commissioning and ramping up to commercial production, targeting ~130,000oz of gold in the first full year of operations.
The Company has a current cash position of ~US$40 million.
Dan Betts, CEO of Hummingbird, commented:
Producing first gold from Yanfolila is Hummingbird’s most significant achievement to date and we have delivered it on time and on budget. I would like to take this opportunity to thank the Hummingbird team, our shareholders, contractors, advisers, the Government of Mali and all Malian stakeholders for their huge commitment and extraordinary efforts on our journey to turn Hummingbird, as a company, and Yanfolila specifically into a gold producer.
Click here to read the full Hummingbird Resources plc (LSE:HUM) press release.