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Hummingbird profit rises on gold price

Hummingbird Resources has maintained full-year production guidance for Yanfolila at 110,000-125,000oz at ASIC of “up to” US$995/oz in the face of Mali’s latest political coup and COVID-19 after generating EBITDA of US$38.9 million and a pre-tax profit of US$23.7 million for the first half of the year.

Staff reporter
Yanfolila in Mali

Yanfolila in Mali

The profit compared with a loss of US$5.8 million for H1 in FY2019. Hummingbird sold 56,095oz from Yanfolila, about 280km from Mali's capital, at an average price of US$1,621/oz for H1 2020. Its AISC...

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