REG - Hummingbird Res. - CIG SA Shareholding Reorganisation

Hummingbird ResourcesAnnouncement

01/07/2024 07:00

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RNS Number : 4791U  Hummingbird Resources PLC  01 July 2024

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

 

01 July 2024

Hummingbird Resources plc

("Hummingbird", the "Group" or the "Company")

CIG SA Shareholding Reorganisation

Hummingbird Resources plc (AIM: HUM) announces that, following earlier
consultation, it has been informed by the Company's largest shareholder, CIG
SA, that it has transferred its entire holding of 334,665,274 Ordinary Shares
to its wholly owned subsidiary, Nioko Resources Corporation. Accordingly, this
transfer does not have any effect on the beneficial ownership of the Ordinary
Shares by CIG SA.

**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
(http://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
(https://www.hummingbirdresources.co.uk/)  or contact:

 

 

 Daniel Betts, CEO       Hummingbird Resources plc  Tel: +44 (0) 20 7409 6660

 Thomas Hill, FD

 Edward Montgomery, CD
 James Spinney           Strand Hanson Limited      Tel: +44 (0) 20 7409 3494

 Ritchie Balmer          Nominated Adviser
 James Asensio           Canaccord Genuity Limited  Tel: +44 (0) 20 7523 8000

 Ana Ercegovic           Broker
 Bobby Morse             Buchanan                   Tel:  +44 (0) 20 7466 5000

 Oonagh Reidy            Financial PR/IR            Email: HUM@buchanan.uk.com (mailto:HUM@buchanan.uk.com)

 George Pope

 

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