Hummingbird Resources PLC - gold miner with operations in Mali, Guinea and Liberia - Says Nioko Resources Corp wishes to waive the remaining conditions of the takeover offer and to declare the offer unconditional. Hummingbird says it expects the offer document to be published on or before January 13. Nioko intends to proceed with delisting Hummingbird. Read More
Hummingbird Resources PLC - gold miner with operations in Mali, Guinea and Liberia - Signs a USD35.6 million loan agreement with Nioko Resources Corp to address financial pressures and support its Malian subsidiary, Societe des Mines de Komana SA. The loan, carrying 9% annual interest, is repayable by December 31, 2025. Read More
Hummingbird Resources PLC - gold miner with operations in Mali, Guinea and Liberia - Signs agreement on CIG loan extension with CIG SA and Nioko Resources Corp. The outstanding balance will mature on February 28. Read More
Hummingbird Resources PLC - gold miner with operations in Mali, Guinea and Liberia - Agrees GBP13.8 million cash takeover from Nioko Resources Corp. Nioko offers 2.6777 pence per Hummingbird share. Nioko is a wholly-owned subsidiary of CIG. Hummingbird agrees that USD30 million outstanding under the new CIG loan will be converted, in two tranches, into ordinary shares in Hummingbird. The conversion would increase Nioko's voting rights to around 50% from 42%, and thereafter to around 72%. Hummingbird says will need to work with its creditors to restructure some USD140 million in debt. Read More
Hummingbird Resources PLC - AIM-listed gold mining company based in London - Conditionally agrees with Nioko Resources Corp, its largest shareholder with 42% of its shares and a wholly owned subsidiary of CIG Ltd, to issue 863.1 million new ordinary shares at 2.68 pence each. The deal will convert around GBP23.1 million, representing a USD30 million loan facility from CIG, into equity. Read More
(Alliance News) - Hummingbird Resources PLC said on Monday that its Kouroussa gold mine in Guinea has reached commercial production, though output has fallen short of target levels. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - London's FTSE 100 is called to open a touch higher at the start of the week, while the dollar lost some ground, following Donald Trump's pick to lead the US Treasury. Read More
(Alliance News) - The FTSE 100 was called higher on Thursday morning following Donald Trump's election victory, although the impact of his policies (if enacted) on global economies remains to be seen. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Stock prices in London were mixed at midday Monday, with investors lacking direction on a quiet day for economic data. Read More
Hummingbird Resources PLC on Monday - gold miner with operations in Mali, Guinea, Ivory Coast and Liberia - Completes strategic refinancing of a part of its existing loan facilities with its principal financing partner Coris Bank International. Adds that it secured a refinancing packaging amounting to about USD25 million at an annual interest rate of 12%. Hummingbird Chief Executive Officer Dan Betts says: "The refinancing with Coris Bank is a significant step in enhancing Hummingbird's financial resilience. We fully appreciate the ongoing support and constructive relationship with Coris, which has been instrumental in working through recent challenges and in the development of Hummingbird over the last several years. This move not only reduces near-term balance sheet constraints but also helps position us to navigate the current operating environment as we finalise the ramp-up at Kouroussa and target commercial production later this quarter." The Kouroussa mine is based in Guinea and achieved its first gold pour in June 2023. It is expected to produce an average of 120,000 to 140,000 ounces of gold for the first three years of commercial production. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Stock prices in London closed in the green on Friday, ending a tumultuous week relatively unscathed. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More