REG - Hummingbird Res. - Kouroussa Mine Update/Notice of Q4 Trading Update

Hummingbird ResourcesAnnouncement

25/01/2024 07:00

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RNS Number : 8320A  Hummingbird Resources PLC  25 January 2024

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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
(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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