Hummingbird Resources PLC (LON:HUM) reiterated its full year production guidance as it confirmed it had completed the ramp-up phase at the Yanfolila gold mine in Mali.
In a quarterly update, the company also unveiled the appointment of two new independent directors with impressive industry and capital markets track records.
WATCH: Hummingbird Resources achieves commercial production at Yanfolila
Former Endeavour Mining chief operating officer Attie Roux and Ernie Nutter, an ex-director of Capital International Asset Management, join the company at a pivotal time.
Hummingbird poured 18,785 ounces of the yellow metal in the first three months of the year with 9,912 ounces of that figure in March. From April 1-24 it has poured a further 8,648 ounces.
Guidance reiterated
The company reiterated its 2018 guidance of 105,000-115,000 ounces gold.
Sales totalled 11,941 ounces at an average price of US$1,332 per ounce. As of March 31 the business was sitting on US$28mln.
"Yanfolila had a strong start to the year with the ramp up phase going to plan and with a significant increase in performance throughout the quarter,” said chief executive Dan Betts.
“The process plant is operating to design specification and the grade and recoveries of gold we are seeing are solid and consistent with expectations.”