He expects the project to be high margin, explaining that “the combination of the grade and open-pit mining means that you’re able to drive extremely high returns.” Crucially Hummingbird anticipates gold production in around 16 months time.
Monro says Hummingbird is looking to hire some key positions both for the immediate construction as well as over the longer-term and, because not too many projects are currently being commissioned globally, it makes the job of hiring “world-class” people that bit easier.
Junior miner Hummingbird Resources raises £45.8m to kick-start Mali gold mine https://t.co/DY1VX7KTNb @HUM_gold @telebusiness #AIM #gold2017— St Brides Partners (@StBridesP) June 3, 2016
#HUM Hummingbird Resources raises £45.8mln to build Mali mine - @HUM_gold https://t.co/NdeGlZ5K4Q via @proactive_uk— Ruth Gemmell (@ruth_proactive) June 3, 2016
Hummingbird Resources raises $67M to commence full-scale construction #HUM https://t.co/djHopXN7ui pic.twitter.com/OUPC6ind82— Beaufort Securities (@BeaufortSec) June 2, 2016
Hummingbird Resources : Placing and Subscription to raise approximately £45.8 million https://t.co/TnrBR0d0O3— 4-traders.com (@ForTraders) June 2, 2016