9th Jun 2023 11:58
Hummingbird Resources PLC on Friday - Birmingham, England-based gold producer, developer and explorer focused on West Africa - Says first gold pour at Kouroussa gold mine in Guinea took place on Thursday ahead of schedule and on budget. Says it is focussed on "ramping up" towards plate production. Adds it is developing "detailed" exploration plans to restart exploration drilling plans in the second half of 2023 and in 2024. Commissioning at Kouroussa began early last month and is expected to start commercial production in the second half of 2023. Kouroussa is a carbon-in-leach plant with a capacity of 1 million tonnes per annum.
Chief Executive Officer Dan Betts says: "The achievement of first gold pour at our second operating mine, Kouroussa in Guinea, is a major strategic milestone for the company, transforming Hummingbird into a multi-asset, multi-jurisdiction gold producer, that more than doubles our production profile to 200,000 ounces per annum."
Current stock price: 17.59 pence, up 0.5% on Friday
12-month change: up 40%
By Sabrina Penty, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
Hummingbird Resources