Last checked at 28 Nov 2017 10:00
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
Hummingbird Resources plc ("Hummingbird" or "the Company")
Introducing The 1oz Hummingbird Gold Coin
Hummingbird Resources (AIM: HUM) is pleased to announce that in line with the imminent commencement of gold production from its Yanfolila Gold Mine in Mali ("Yanfolila"), the Company will be producing Single Mine Origin ("SMO") pure gold coins, originating from Yanfolila, called the "1oz Hummingbird". To view the press release with pictures please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/7014X_-2017-11-28.pdf
The 1oz Hummingbird will be part of a collection of seven coins to be launched officially in 2018, offering the rare opportunity to own an item of SMO gold. In line with equator principles, each coin will seek to exemplify Hummingbird's commitment to quality and best practice; for every ounce of gold Hummingbird produces from Yanfolila, the Company will be investing in its community-based projects across West Africa. To read more on Hummingbird's dedication to sustainability, please click here.
The 1oz Hummingbird is intended to be a collectable coin minted with the portrait of Musa I of Mali, the richest man in history. The collection will comprise of six other coins representing Hummingbird's industry, journey and company values: Explore; Develop; Mine; Produce; Community; and Conserve. Full sets of seven gold coins will be presented in a commemorative box and all coins will be priced based on the spot gold price at the time of purchase. Hummingbird is prepared to purchase any sold coins directly back from the customer for 98% of the spot gold price at the time of the re-purchase.
Image - Impression of the Hummingbird gold coins - See PDF
If you are interested in purchasing a coin or the collection, please register your interest as soon as possible at http://hummingbirdresources.co.uk/coins.
Each coin will be crafted from 1oz pure gold from the Yanfolila Gold Mine in Mali. The Company intends to commence sales in Q1 2018, with first delivery of coins targeted by end of H1 2018. Full terms and conditions will be circulated in due course when the coins are officially for sale.
**ENDS**
For further information, please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts Thomas Hill Robert Monro | Hummingbird Resources plc | Tel: +44 (0)20 3416 3560 |
James Spinney Ritchie Balmer James Bellman | Strand Hanson Limited Nominated & Financial Adviser | Tel: +44 (0) 20 7409 3494
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Jon Belliss | Beaufort Securities Limited Broker | Tel: +44 (0) 20 7382 8300 |
Lottie Wadham Susie Geliher | St Brides Partners Ltd Financial PR/IR | Tel: +44 (0) 20 7236 1177 |
About Hummingbird Resources Plc
Notes to Editors
Hummingbird Resources (AIM: HUM) is building a leading gold production, development and exploration company. The Company has two core gold projects, the near-term production Yanfolila Gold Project in Mali and the Dugbe Gold Project in Liberia. It is currently building Yanfolila targeting first production by end of 2017, which has a Probable Reserve of 709,800oz @ 3.14g/t and total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential. The high-grade gold project has low operating costs of US$695/oz AISC with 132,000oz of first full year's production.