REG - Hummingbird Res. - Ore Commissioning Commenced at Yanfolila <Origin Href="QuoteRef">HUMR.L</Origin>

Hummingbird ResourcesAnnouncement

15/12/2017 07:00

RNS Number : 4243Z
Hummingbird Resources PLC
15 December 2017
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
Hummingbird Resources plc ("Hummingbird" or "the Company") 
Ore Commissioning Commenced at Yanfolila 
Hummingbird Resources (AIM: HUM) is pleased to announce that ore commissioning has commenced at the Yanfolila Gold Mine in Mali ("Yanfolila" or "the Project"). 
Highlights:
 Introduction of ore to the mill and the carbon in leach ("CIL") process plant from the run-of-mine ("ROM") pad stockpile has commenced
 First gold production expected before the end of December 
 Commercial ramp up during Q1 2018 with a target of delivering c.130,000 ounces of gold during the first full year of production
Dan Betts, CEO of Hummingbird, commented:
"Ore commissioning represents the final step ahead of first gold production at Yanfolila. Everybody on site is totally focused on a smooth ramp up of the plant as we look to move into the production phase. This is a key transitional moment for Hummingbird, transforming the Company from a developer to a producer. Our first year's production is expected to be around 130,000oz of gold, which is projected to generate around US$70m of free cash flow at a US$1,250 gold price. I look forward to reporting news of our first gold pour in the very near future."
Please click on the following link to see recent pictures and videos from Yanfolila: http://hummingbirdresources.co.uk/gallery/. 
**ENDS**
For further information, please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts
Thomas Hill 
Robert Monro
Hummingbird Resources plc
Tel: +44 (0)20 3416 3560



James Spinney
Ritchie Balmer
James Bellman
Strand Hanson Limited
Nominated & Financial Adviser 
Tel: +44 (0) 20 7409 3494 



Jon Belliss
Beaufort Securities Limited
Broker
Tel: +44 (0) 20 7382 8300



Lottie Wadham
Susie Geliher
St Brides Partners Ltd
Financial PR/IR
Tel: +44 (0) 20 7236 1177
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
About Hummingbird Resources Plc
Notes to Editors
Hummingbird Resources (AIM: HUM) is building a leading gold production, development and exploration company. The Company has two core gold projects, the near-term production Yanfolila Gold Project in Mali and the Dugbe Gold Project in Liberia. It is currently building Yanfolila targeting first production by end of 2017, which has a Probable Reserve of 709,800oz @ 3.14g/t and total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential. The high-grade gold project has 132,000oz of first full year's production. 

This information is provided by RNS
The company news service from the London Stock Exchange
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