UK 00:57 Monday, 28 September 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
West African gold play Hummingbird Resources (HUM) is celebrating the conclusion of a transformational $20 million (£11.75 million) all-share acquisition which, says founder and chief executive Dan Betts, will set the AIM-quoted company on the road to becoming a 200,000 oz.-a-year gold producer. With estimated gold resources of six million oz. Hummingbird, which lost £2.2 million in the year to May 2013, ‘will be profitable in 18 months,’ declares Betts, as he extols the merits of securing South African mining colossus Gold Fields’ assets in Mali for shares giving Gold Fields a 26.3 per cent stake in the company.
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