Hummingbird Resources (GB:HUM) has released an update.
Hummingbird Resources has reported a mixed second quarter in 2024 with a total production of 19,855 ounces of gold, facing operational challenges at its Yanfolila mine in Mali leading to a loss in Q2. Despite setbacks, the company is optimistic about its Kouroussa mine in Guinea, which is on track to achieve commercial production soon, and is actively working on improving its financial position through refinancing and non-equity financing options. The updated FY-2024 guidance anticipates a total production of 115,000 – 145,000 ounces of gold at reduced all-in sustaining costs.
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