Friday, June 3, 2016

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

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