West Africa – focused gold miner Hummingbird Resources (AIM: HUM) announced today that it poured 22,102 oz of gold at its Yanfolila gold mine in Mali in Q3 2021, a decrease of 11% compared to 24,722 oz poured in Q3 2020.
The company said that gold production at Yanfolila in third quarter was impacted by mining contractor excavator equipment availability in September.
“Mitigation measures are being implemented with our mining contractor in order to bring mining volumes back to contracted levels,” the company said in its statement.
Importantly, the company pointed out that construction of the Kouroussa gold mine in Guinea is scheduled to commence this current quarter, with first gold pour scheduled for the end of Q2 2023.
CEO Dan Betts commented, “Beyond the challenges faced during the quarter from underperformance by our contract miner, the company has seen a number of operational improvements across the board as we continue to build our business. We look forward to updating the market over the coming months with further developments as we execute on our growth strategy.”
Hummingbird Resources currently has two core gold projects, the Yanfolila gold mine in Mali and the recently acquired Kouroussa gold project in Guinea. Further, the company has a controlling interest in the Dugbe gold project in Liberia that is being developed by Pasofino Gold through an earn-in agreement.