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London
November 22, 2024
PI Global Investments
Gold

Hummingbird ready to restart gold mine in Guinea


The Africa-focused miner said it plans to ramp up production as soon as it reopens Kouroussa, with the goal of reaching full commercial production before the end of March.

First gold at the mine was poured in June last year. At the time, Hummingbird said it expected to churn out an average of between 120,000 ounces and 140,000 ounces of gold annually for the first three years of commercial production. After that, Kouroussa would average 100,000 ounces of gold a year over an initial seven-year life. 

Overall, the company expects to produce around 200,000 ounces of gold in fiscal year 2024. 

Hummingbird Resources said detailed production and AISC guidance for FY-2024 will be provided, as well as an operational and trading update at the end of January.





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