Hummingbird Resources (AIM: HUM) is pleased to announce that ore commissioning has commenced at the Yanfolila Gold Mine in Mali (“Yanfolila” or “the Project”).
· Introduction of ore to the mill and the carbon in leach (“CIL”) process plant from the run-of-mine (“ROM”) pad stockpile has commenced
· First gold production expected before the end of December
· Commercial ramp up during Q1 2018 with a target of delivering c.130,000 ounces of gold during the first full year of production
Dan Betts, CEO of Hummingbird, commented:
“Ore commissioning represents the final step ahead of first gold production at Yanfolila. Everybody on site is totally focused on a smooth ramp up of the plant as we look to move into the production phase. This is a key transitional moment for Hummingbird, transforming the Company from a developer to a producer. Our first year’s production is expected to be around 130,000oz of gold, which is projected to generate around US$70m of free cash flow at a US$1,250 gold price. I look forward to reporting news of our first gold pour in the very near future.”
Please click on the following link to see recent pictures and videos from Yanfolila: http://hummingbirdresources.co.uk/gallery/.
For further information, please visit www.hummingbirdresources.co.uk
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