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Pin to quick picksHummingbird Share News (HUM)

Share Price Information for Hummingbird (HUM)

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Share Price: 10.10
Bid: 9.70
Ask: 10.50
Change: 0.88 (9.54%)
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Open: 9.20
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TRADING UPDATES: Chaarat Gold beats guidance for 2021 Kapan output

Wed, 09th Feb 2022 18:13

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Chaarat Gold Holdings Ltd - gold miner in Armenia and mine developer in Kyrgyz Republic - For 2021, Kapan mine ends with output of 63,000 gold equivalent ounces, beating guidance of 57,000 ounces. Its standalone earnings per interest, tax, depreciation and amortisation rises 20% to USD22.7 million from USD19 million. Looking ahead, Kapan mine is expected to produce 50,000 to 53,000 ounces of own ore for 2022. Meanwhile, at the East Flank, resource definition drilling is ongoing.

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RTC Group PLC - London-based recruitment company - For 2021, company results will reflect a period of lag in replacing revenue, due to a slowdown in activities caused by Covid and the withdrawal of NATO troops from Afghanistan. In addition, revenue in 2020 was bolstered by a one-off contract performance settlement of GBP590,000, which is not repeated in 2021.

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Civitas Social Housing PLC - social housing investor - As at December 31, net asset value per share edges up to 108.78 pence from 108.49p on September 30. Portfolio NAV stands at GBP741.3 million at a net initial yield of 5.06%. Declares third quarter dividend of 1.3875 pence per share, as part of annual dividend target of 5.55p for the year ending March 31.

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Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Following strategic review, has determined that the key priority should be modelling a mineral resource estimate for cobalt at the BHA Project's East Zone, leading to the plan of listing the BHA Group on the ASX being deferred.

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Oriole Resources PLC - exploration company operating in west Africa - At its 90%-owned Wapouze gold project in Cameroon, has completed five trenches for a total of 2,524 metres at the Bataol zone, returning anomalous gold, and mineralisation being hosted by quartz veinlets within sedimentary schist. In addition, phase three diamond drilling programme at its Bibemi gold project has delivered significant intersections, and confirmed a mineralised corridor at Bakassi zone one which extends over widths of up to 150 metres and more than 1 kilometres along strike.

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Caracal Gold PLC - gold producer in East Africa - For the fourth quarter of 2021, achieves record run of mine ore production at Kilimapesa, with 38,351 tonnes of ore produced from both underground and open pit operations. Looking ahead, will start its accelerated development plan, which includes further expansion to the open pit, underground mining and mine develop activities to ensure ROM output can support a doubling of the milling circuit capacity to 1,000 tonnes per day from 500 tonnes per day.

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OptiBiotix Health PLC - York, England-based life sciences company - Has made progress on strategy to sell products through a mix of smaller, quick to market partners and larger partners which normally enter the market once product credibility is established. So far, company has signed three deals in December for several products, established a new sales infrastructure for its B2B infrastructure in the US, and expanded its first generation products to include LeanBiome.

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Hummingbird Resources PLC - gold miner with projects in Mali, Liberia and Guinea - Reveals further results from 2021 exploration drilling programme at the Yanfolila gold mine in Mali, specifically the Sanioumale East and greenfield deposit. Findings show significant grade, extending depth for the deposit. In addition, highlights the upside potential to the deposit's current resources and reserves profile of 204,000 and 100,300 ounces respectively.

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African Pioneer PLC - Isle of Man-based natural resources company - Following site visit to Ongombo copper mine project in Namibia, the engineering consultant has reviewed and validated scoping study assumptions, while sulphide mineralisation has been identified over and above the previously recorded sulphide mineral resource. A drill plan has been approved and will be implemented shortly.

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Yamana Gold Inc - Toronto-based miner in Canada and Brazil - As at December 31, reported 13.7 million ounces of gold mineral reserves and 111 million ounces of silver mineral ounces, remaining flat compared to the prior year. For the development projects, there are mineral reserves of 7.1 million ounces of gold, 57 million ounces of silver, and 6.7 billion pounds of copper represent significant upside potential within the existing portfolio.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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25 Apr 2024 20:57

TRADING UPDATES: Norcros sells Johnson Tiles UK; Trifast trading well

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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17 Apr 2024 14:11

IN BRIEF: Hummingbird issues step-in notice regarding Kouroussa mine

Hummingbird Resources PLC - gold producer with operations in Mali, Guinea and Liberia - Says continued to engage with Ivory Coast-based Corica Mining Services, which had suspended mining activities on March 17, citing contractual disputes. Back then, Corica cited claims regarding unpaid invoices to Hummingbird totaling about USD27 million for work completed at Kouroussa mine in Guinea, which Hummingbird rejected. Hummingbird on Tuesday said it issued a step-in notice which allows it to take management control and issue instructions to Corica. Meanwhile, the discussions about Kouroussa, which Hummingbird calls constructive, have the aim to ramp up operations under the existing mining contract between the two companies. Hummingbird says it is progressing with the restart and ramp up of mining activities at the mine. Further, it notes that operations at the mine have continued with the processing plant operating at the expected levels with mining via an existing support mining fleet.

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8 Apr 2024 15:40

Mali expects 14% drop in industrial gold production, mines ministry says

BAMAKO, April 8 (Reuters) - Mali's industrial gold output is expected to drop by about 14% this year to 53.7 metric tons, mines ministry data showed on Monday.

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28 Mar 2024 14:14

TRADING UPDATES: Duke expects revenue rise; SIMEC gets EL deal payment

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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20 Mar 2024 16:37

UPDATE: Hummingbird hits back at Corica over Kouroussa pact dispute

(Alliance News) - Hummingbird Resources PLC on Wednesday refuted claims of a contract breach from Corica Mining Services, regarding the suspension of services at the Kouroussa gold mine.

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20 Mar 2024 12:25

Hummingbird shares plunge as Corica fires back in contract dispute

(Alliance News) - Corica Mining Services on Wednesday accused Hummingbird Resources PLC of "substantial breaches" of contract, including failure to pay for its work at the Kouroussa gold mine.

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18 Mar 2024 11:50

IN BRIEF: Hummingbird shares plummet amid Kouroussa contract dispute

Hummingbird Resources PLC - gold producer with operations in Mali, Guinea and Liberia - Says the principal contract miner at its Kouroussa gold mine in Guinea has suspended mining operations due to "various contractual disputes". Hummingbird calls the action by Corica Mining Services "a clear breach of the mining contract", and alleges that Corica "has failed to meet mining contract volumes due to delays in mining equipment mobilisation, commissioning, and overall operating performance". Hummingbird has issued a notice to Corica, demanding that it resumes mining by Tuesday. Should it fail to do so, the company says it may step in to resume mining operations in its place, or work with alternative contractors and equipment suppliers.

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31 Jan 2024 18:28

EARNINGS AND TRADING: STV raises holding in Two Cities Television

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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25 Jan 2024 20:09

TRADING UPDATES: Microsaic completes acquisition; Narf revenue soars

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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24 Jan 2024 17:22

EARNINGS AND TRADING: Gran Tierra ups production, "excited" for 2024

(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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10 Jan 2024 14:24

Hummingbird Resources raises a further GBP270,000 through open offer

(Alliance News) - Hummingbird Resources PLC on Wednesday said it has raised GBP270,000 through an open offer.

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3 Jan 2024 14:55

UK shareholder meetings calendar - next 7 days

Thursday 4 January 
Rotala PLCGM re management buyout
Tintra PLCGM re cancellation, re-registering as private company
ValiRx PLCGM re operational review
Friday 5 January 
MTI Wireless Edge LtdEGM re proposed grant of options to the directors
Monday 8 January 
Plus500 LtdEGM re director election
Velocys PLCCourt Meeting and GM re recommended cash acquisition by Madison Bidco Ltd
Tuesday 9 January 
Agriterra LtdAGM
DX Group PLCGM re acquisition by HIG Capital funds
GENinCode PLCGM re fundraise
Leeds Group PLCGM re sale of subsidiary Hemmers-Itex
Smart Metering Systems PLCGM re acquisition by KKR funds
Wednesday 10 January 
Hummingbird Resources PLCGM re share placement
Ironveld PLCAGM
Reabold Resources PLCGM re appointment of new directors
Safestyle UK PLCEGM re approve winding up of company
Scirocco Energy PLCGM re proposed disposal of interests in Energy Acquisitions Group Ltd
Versarien PLCGM re capital reorganisation
  
Copyright 2024 Alliance News Ltd. All Rights Reserved. 

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13 Dec 2023 19:48

EARNINGS AND TRADING: NWF trading inline; Tandem's markets challenging

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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7 Dec 2023 12:20

IN BRIEF: Hummingbird shares fall on USD30 million placement

Hummingbird Resources PLC - West Africa-focused and Birmingham, England-based gold producer, developer and explorer - Announces equity placement of up to USD30 million at 11.26 pence per share. Plans to offer shareholders the chance to subscribe at the same price through an open offer. Hummingbird intends for proceeds to strengthen its balance sheet and progress multiple initiatives under its growth strategy, for example increasing exploration activities at the Yanfolila mine in Mali and the Kouroussa mine in Guinea. Yanfolila is still on track to meet full-year production guidance of 80,000 to 90,000 ounces of gold, and Hummingbird remains "on track" to produce approximately 200,000 ounces of gold next year. Company is also converting its 51% interest in the Dugbe gold project in Liberia into a 51% controlling stake in Pasofino Gold Ltd, Dugbe's developer, to simplify the project's ownership structure and increase efficiency.

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26 Oct 2023 21:49

TRADING UPDATES: Alumasc under CMA's eye amid "resilient" year

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and Thursday, and not separately reported by Alliance News:

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