UPDATE - Hummingbird delivers further boost to Yanfolila
Grade control drilling at Hummingbird's Yanfolila gold project in Mali indicates that significantly higher grades may be on offer when the company starts mining next year
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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Grade control drilling at Hummingbird's Yanfolila gold project in Mali indicates that significantly higher grades may be on offer when the company starts mining next year
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Quite busy on the mining front this week. Here are some highlights.
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A mixed news bag from budget carriers to biotechs..Here are some highlights..
There was a lot of news in the small cap mining sector this week.
Hummingbird has completed an innovative deal to offload one of its licences that still keeps it plugged into the upside from the gold project.
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A mixed news bag from the small cap miners this week. Here are a few nuggets.
First gold pouring at Yanfolila is predicted for the first half of next year.
Beating expectations this week was Xtract Resources after it announced its Chepica mine returned to profitability in May, at least three months ahead of schedule.
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City firm Investec reckons Premier Foods (LON:PFD) is tasty and has upgraded the share to 'buy' from 'hold'. It also punts up the target price a tad - to 51p from 47p each.
Technical studies at Hummingbird Resources' Yanfolila gold project in Mali have shown the economics of the open pit operation can be further improved, the firm said, as it unveiled a £3.5mln fundraising.
The current mining plan by no means accounts for all of the gold in the ground at Yanfolila.
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On the day of the Queens speech a mixed news bag, which featured miners, biotechs and tech stocks.