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Hummingbird Resources ( (GB:HUM) ) just unveiled an announcement.
Hummingbird Resources has executed a binding Tripartite Agreement with CIG SA and Nioko Resources Corporation to extend the New CIG Loan, with the loan maturing on 28 February 2025. The company has issued 130,958,159 new ordinary shares to address its immediate financial pressures and secure funding for sustainable operations, demonstrating a strategic move towards achieving self-sustaining cashflows.
More about Hummingbird Resources
Hummingbird Resources plc is a leading multi-asset, multi-jurisdiction gold producing company. As a member of the World Gold Council and a founding member of Single Mine Origin, the company operates two core gold projects: the Yanfolila Gold Mine in Mali and the Kouroussa Gold Mine in Guinea. Hummingbird also holds a controlling interest in the Dugbe Gold Project in Liberia, which is being developed by joint venture partners, Pasofino Gold Limited.
YTD Price Performance: -78.54%
Average Trading Volume: 4,283,582
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £17.85M
For a thorough assessment of HUM stock, go to TipRanks’ Stock Analysis page.
