07:00 Tue 16 Jan 2018
Hummingbird Res. - Quarterly Review
("Hummingbird" or the "Company")
Quarterly Review
Q4 Operational Overview
· Commenced gold production on budget and on schedule
· Commissioned the 1.24Mtpa carbon-in-leach circuit ('CIL') processing plant at Yanfolila
o Targeting ~130,000oz gold in first full year of operation
o 107,000oz Au p/a over life of mine at ~3g/t average grade
o 1 million ounces gold outside current mine plan - drilling of existing resources targeted throughout 2018 to deliver greater reserve life
Q4 Corporate Overview
· Cash position
· Cora Gold Limited (in which HUM holds a 33.85% interest) raised
· Soft-launched "1oz Hummingbird" Single Mine Origin pure gold coins from Yanfolila
o 1,400 people registered interest within one month of soft-launch http://hummingbirdresources.co.uk/coins
o Coin sales to commence in Q1 2018, with first delivery of coins targeted by end of H1 2018
Post-Period Highlights
· Shipping of gold dore bars to the refinery has commenced
· Ramp up to commercial production remains on plan
o Plant throughput at 65% capacity during last two weeks of December
o Plant throughput reached 75% capacity in
· Cora Gold announced visible gold in drill core, full assay results to follow shortly from their maiden drilling campaign at Sanankoro
· Malian President, Ibrahim Boubacar Keïta, to officially open
To view pictures of gold poured by Hummingbird at Yanfolila, please view the gallery on the Company's website: http://hummingbirdresources.co.uk/gallery.
"The last quarter of 2017 saw Hummingbird become the newest African gold producer, delivering the
**ENDS**
For further information, please visit www.hummingbirdresources.co.uk or contact:
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Tel: +44 (0) 20 7409 6660 |
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Strand Nominated & Financial Adviser |
Tel: +44 (0) 20 7409 3494
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Broker |
Tel: +44 (0) 20 7382 8300 |
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Susie Geliher |
Financial PR/IR |
Tel: +44 (0) 20 7236 1177 |
About
Notes to Editors
Yanfolila produced its first gold pour on time and budget in
In addition to Hummingbird's production and development assets, the Company also has an exploration footprint of ~5,000km2 and a 34% interest in AIM listed Cora Gold, which is advancing a portfolio of prospects in
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