REG - Hummingbird Res. - Yanfolila Mine Security Update

Hummingbird ResourcesAnnouncement

29/11/2021 07:00

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RNS Number : 8500T  Hummingbird Resources PLC  29 November 2021

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

29 November 2021

Hummingbird Resources plc

("Hummingbird" or the "Company")

Yanfolila Mine Security Update

Hummingbird Resources plc (AIM: HUM) provides a security update on the
Yanfolila mine in Mali.

In recent days there has been unrest and illegal road blocks in the region.
This activity has impacted the Company's ability to safely continue operations
at the mine and as such Yanfolila is temporarily offline until conditions
allow.

The safety and wellbeing of our employees, contractors and business partners
remains Hummingbird's highest priority. The situation on site remains calm and
orderly with all employees and contractors safe and accounted for. Once
conditions allow, a full assessment of plant and equipment will be carried out
and any potential impacts will be evaluated.

 

Hummingbird is extremely proud of the positive and collaborative relationship
it has developed with its host communities. The current illegal action is from
a small minority and not representive of the communities where the Company
operates, and is damaging for all concerned. Given the unrest includes illegal
activities such as public order and blocking of public access roads, the
Company has elevated the disruption to the national Government, who are in the
process of working through the situation and resolving it. It is anticipated
that the Company should be in a position to return to normal operations
shortly.

This interruption to operations is impacting production and whilst it is
currently difficult to evaluate the full impact at this time, the Company
advises that the full year production will be below the bottom end of the 2021
guidance range. The Company will provide more details as soon as there is more
clarity on the resolution of the distruption and its impacts.

Dan Betts, CEO of Hummingbird, commented:

"The safety of everybody at site is our highest priority and whilst this
situation is a disappointment for all concerned, I would like to stress my
gratitude for the calm and professional manner in which our team is working
through the situation. The Government of Mali is aware of the situation and is
actively engaged in resolving these distruptions and we anticipate the
situation will be short lived. In light of the tremendous work done at
Hummingbird recently to increase our mine life reserves and commence
construction at our Kouroussa mine in Guinea, I believe the long term future
of the Company has never looked stronger. This short term interruption should
not overshadow the tremendous pipeline of development work and opportunity the
Company has in front of it."

**ENDS**

Notes to Editors:

Hummingbird Resources (AIM: HUM) is a multi-asset, multi-jurisdiction gold
production, development and exploration 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 when in production, scheduled for first gold
pour end of Q2 2023. Further, the Company has a controlling interest in the
Dugbe Gold Project in Liberia that is being developed by Pasofino Gold Limited
through an earn-in agreement. 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 https://www.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

 Anthony Köcken, COO

 Edward Montgomery, CSO & ESG
 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

 Thomas Diehl                       Broker
 Bobby Morse                        Buchanan                   Tel:  +44 (0) 20 7466 5000

 Ariadna Peretz                     Financial PR/IR            Email: HUM@buchanan.uk.com (mailto:HUM@buchanan.uk.com)

 James Husband

 

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