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Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
25 January 2024
Hummingbird Resources plc
("Hummingbird" or the "Company")
Kouroussa Mine Update and notice of Q4-2023 Operational and Trading Update
Hummingbird (AIM: HUM) is pleased to provide an update on operations at its Kouroussa Gold Mine ("Kouroussa"), Guinea, and provide notice of the upcoming Q4-2023 Operational and Trading Update.
Kouroussa Mine Update
As previously announced, a fire at the primary fuel depot in Conakry, Guinea, led to the temporary suspension of mining operations at Kouroussa, with the processing plant remaining in operation, processing existing stockpiles and limited material mined.
Following delivery of fuel to the Kouroussa Gold Mine over the past few days, mining operations at the site are restarting shortly and are expected to ramp up to full capacity levels over the coming weeks.
During the suspension of mining operations, the Company has completed several initiatives to improve ramp-up performance, including grade control drilling and dewatering of the operation, and has conducted additional training at the Kouroussa Mine. The Company remains focused on reaching full commercial production in Q1-2024.
Notice of Q4-2023 Operational and Trading Update
Hummingbird will release its Q4-2023 Operational and Trading Update for the period ending 31 December 2023, including FY-2024 production and AISC guidance, on Wednesday 31 January 2024. Further details will be provided at the time of the announcement.
**ENDS**
Notes to Editors:
Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing Company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigin.com). The Company currently has two core gold projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than double current gold production once at commercial production. Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by joint venture partners, Pasofino Gold Limited. The final feasibility results on Dugbe showcase 2.76Moz in Reserves and strong economics such as a 3.5-year capex payback period once in production, and a 14-year life of mine at a low AISC profile. Our vision is to continue to grow our asset base, producing profitable ounces, while central to all we do being our Environmental, Social & Governance ("ESG") policies and practices.
For further information, please visit hummingbirdresources.co.uk or contact:
| Daniel Betts, CEO Thomas Hill, FD Edward Montgomery, CD | Hummingbird Resources plc | Tel: +44 (0) 20 7409 6660 |
| James Spinney Ritchie Balmer | Strand Hanson Limited Nominated Adviser | Tel: +44 (0) 20 7409 3494 |
| James Asensio Ana Ercegovic | Canaccord Genuity Limited Broker | Tel: +44 (0) 20 7523 8000 |
| Bobby Morse Oonagh Reidy George Pope | Buchanan Financial PR/IR | Tel: +44 (0) 20 7466 5000 Email: HUM@buchanan.uk.com |
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