UK 00:57 Monday, 28 September 2026
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West African gold seeker Hummingbird Resources (HUM) says first steps towards construction of a mine at its 1.8 million-oz. Yanfolila project in Mali are ‘imminent’ in the wake of an upbeat project optimisation survey, while chief executive officer Dan Betts argues in the longer term another project, Dugbe in Liberia, promises to be the ‘company maker’. The Yanfolila survey gives the Mali project, which was acquired last year from the Gold Fields group, a net present value of $72.4 million (£49 million) and suggests a 35.1% internal rate of return over 6.5 years at an average gold price of $1,250 an ounce, somewhat above its present price of £1,192.02c.
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Comments
wildrides
I think Hummingbird is whistling in the wind ……. Its Amara for me at 15.5 p