Last checked at 2 Jun 2020 07:05
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
Hummingbird Resources plc
("Hummingbird" or the "Company")
Hummingbird Resources joins the World Gold Council
Hummingbird Resources plc ("Hummingbird") (AIM:HUM) is pleased to announce it has joined the World Gold Council, the market development organisation for the gold industry, and as a result will adopt the World Gold Council's Responsible Gold Mining Principles.
Dan Betts, CEO of Hummingbird, commented:
"We are delighted to now be members of the World Gold Council and to contribute to its important work. Sustainability is at the heart of everything we do at Hummingbird and adopting the Responsible Gold Mining Principles underpin our commitment as a sustainable operator.
Additionally, our development of Single Mine Origin Gold, which confirms that gold is derived from a responsible source, due to a keen focus on traceability and provenance, is a testament to this. I am looking forward to working with the Council and its Members to share best practice and to promote the long-term development of the gold industry."
Details of the SMO gold initiative can be found at (https://singlemineorigin.com/) with 1oz Hummingbird gold coins available for sale at (https://bettsinvestments.co.uk/product/1oz-hummingbird/ or on +44 (0)121 214 8399).
**ENDS**
For further information, included an updated Corporate presentation, please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts, CEO Thomas Hill, FD Douglas Ross, IR | Hummingbird Resources plc | Tel: +44 (0) 20 7409 6660 |
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James Spinney Ritchie Balmer James Bellman | Strand Hanson Limited
Nominated Adviser | Tel: +44 (0) 20 7409 3494 |
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James Asensio Ed Montgomery
| Canaccord Genuity Limited Broker | Tel: +44 (0) 20 7523 8000 |
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Tim Blythe Megan Ray Rachael Brooks | Blytheweigh
Financial PR/IR | Tel: +44 (0) 20 7138 3205 |
Notes to Editors:
Hummingbird Resources (AIM: HUM) is a leading gold production, development and exploration company. The Company has two core gold projects, the Yanfolila Gold Mine in Mali and the Dugbe Gold Project in Liberia. Yanfolila produced its first gold pour on time and budget in December 2017. At 31 October 2019 Yanfolila has a 7.9Mt of Reserve ore @ 2.66 g/t for 676,000ozs gold. At 31 March 2019 Yanfolila had a total Resource base (inclusive of Reserves) of 28Mt of Ore @ 2.23 g/t for 2,005,300ozs gold. The Dugbe Gold Project has Resources currently totalling 4.2Moz of gold and a completed NI 43-101 compliant PEA on the project showing a 43% IRR and US$337m NPV at a US$1,500 gold price.
In addition to Hummingbird's production and development assets, the Company also has an exploration footprint of ~4,000km2 and a significant shareholder in AIM listed Cora Gold, which is advancing a portfolio of prospects in Mali and Senegal.