Hummingbird Resources (LON:HUM) eyeing Mali gold production in 16 months: ProactiveInvestors Stocktube

ProactiveInvestors Stocktube

Published on 3 Jun 2016

Bert Monro, head of business development at Hummingbird Resources PLC (LON:HUM), says the fundraise for up to £52.7mln for the Yanfolila gold mine in Mali has been “extremely well supported by new and existing shareholders, and management are taking part as well.”

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.

 http://www.4-traders.com/HUMMINGBIRD-RESOURCES-LTD-6978593/

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