Hummingbird Resources says hand strengthened by recent Mali study - update
“We stand in a far stronger position to gain the best possible financing package for the Yanfolila gold project "
Company
LON:HUM
Founded in 2005, Hummingbird Resources Plc (AIM: HUM) listed on the London AIM exchange in December 2010. The Company is a leading multi-asset, multi-jurisdiction gold production, development and exploration company and member of the World Gold Council
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“We stand in a far stronger position to gain the best possible financing package for the Yanfolila gold project "
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A selection of the weeks small cap mining news......
Hummingbird Resources' shares should rise if it can gets its Yanfolila gold project in Mali financed and built, said broker Cantor, who rates the shares a 'buy'.
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Quartix ahead of expectations, Sound Energy knocks €0.5mln off the cost of its project in Italy and good news for 88 Energy.
The blue-chip benchmark ended February a solitary point higher than Friday’s closing price.
Below are some significant news driven movers at 5pm..
Net present value rises to US$109mln from US$88mln based on a gold price of US$1,100
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The week ended with Patagonia Gold saying it expects to start production from its Cap-Oeste deposit in Argentina by the autumn.
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Good corporate news including strong sets of numbers from Lloyds and RSA sent FTSE100 soaring...
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Metal Tiger split, Premier Oil's $558mln write-off and Ceres power partners with Honda.
The Footsie extended the morning's gains to stand 140.94 points up at 6008 by lunchtime
Lloyds reported a 5% rise in underlying profit to £8.1bn
The extension will allow more time for the two to put together a finance package for the Yanfolila Gold project in Mali.
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Here’s the news highlights from the mining sector this past week.
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Biotech firm VolitionRx is to collaborate with Surrey University’s cancer research institute.
Hummingbird has added more gold ounces at Yanfolila with a view to extending the mine life significantly
Investors will be buoyed by the potential of Gonka, which is just five kilometres from the planned mine.