Hummingbird Resources PLC (LON:HUM) has reported good progress is being made with the construction of the Yanfolila gold mine in Mali.
The ball mill has recently arrived into the port of Abidjan for transporting to site, said Dan Betts, chief executive, while the carbon in leach tanks are now over 70% complete and the steelwork for the gold room and reagent area is being erected.
“The front-end crushing circuit has been fabricated and is in transit for assembly on site, and the conveyors and construction therefore is all on schedule,” he added.
“Once constructed, the plant will need to be electrified and we have recently signed a power contract with Aggreko to provide 'over the fence' power from a bank of diesel generators.
“Finally, we will move into the commissioning stages of the plant in Q4 2017 ahead of our targeted first gold pour by the end of the year.”
Hummingbird added it has also appointed David Staker-Smith as a non-executive director. He is a director of CrossBorder Capital.
Losses in 2016 were US$8.44mln (US$4.56mln). Cash holdings at the year-end were US$53.8mln.