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Hummingbird boosts gold reserves 65%, plans to more than double production in Africa in coming years

From kitco.com

Hummingbird Resources, a gold producer focused on Africa, reported today that its updated reserves total 1.12 million ounces of gold, a 438,600 ounces or 65% increase to the previous company reserve statement of 672,000 ounces. According to the company's press-release, updated gold reserves at the company's Yanfolila mine in Mali amounted to 705,800 ounces at 2.57 g/t, being a net increase of 29,700 ounces, including depleted reserves from mining since the previous company reserve statement in October 2019. Importantly, the company said that its total updated gold reserves include a maiden reserve for the Kouroussa ... (full story)

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  • Category: Fundamental Analysis