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Hummingbird Resources assessing impact of ECOWAS sanctions on Mali

Mon, 10th Jan 2022 13:15

JOHANNESBURG, Jan 10 (Reuters) - Hummingbird Resources
is "evaluating the immediate risks" to its supply chain
from economic sanctions imposed on Mali by the Economic
Community of West African States (ECOWAS), the junior gold miner
Hummingbird Resources said on Monday.

Hummingbird owns the Yanfolila gold mine in Mali which was
expected to produce under 100,000 ounces last year.

The 15-state regional bloc said it would also shut borders
and sever diplomatic ties in response to Mali's delay in holding
elections following a 2020 military coup.

"Whilst all plans will be made to minimise the potential
impact it is too early to say how these sanctions may
potentially affect our business," Hummingbird said in a
statement, adding that it would provide further updates when
appropriate.
(Reporting by Helen Reid; editing by Jason Neely)

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