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Hummingbird Resources ( (GB:HUM) ) just unveiled an update.
Hummingbird Resources has announced a new loan agreement valued at approximately $35.6 million to support its Malian subsidiary, Société des Mines de Komana (SMK), amid immediate financial pressures. The loan, due for repayment by December 2025, is part of the company’s strategic refinancing efforts, demonstrating constructive engagement with Coris to secure financial stability. This move is intended to address short-term liquidity needs and enable Hummingbird to work towards achieving self-sustaining cash flows from operations. The loan agreement is also deemed fair and reasonable by the independent directors, assuring shareholders of its suitability.
More about Hummingbird Resources
Hummingbird Resources plc is a leading multi-asset, multi-jurisdiction gold producing company, and a member of the World Gold Council, with two core gold projects: the operational Yanfolila Gold Mine in Mali and the Kouroussa Gold Mine in Guinea. It also has a controlling interest in the Dugbe Gold Project in Liberia, being developed by joint venture partners. The company is committed to growing its asset base and emphasizes strong Environmental, Social & Governance (ESG) policies.
YTD Price Performance: -78.05%
Average Trading Volume: 4,050,355
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £21.2M
See more insights into HUM stock on TipRanks’ Stock Analysis page.
