resourcestocks profile Hummingbird resources

Hummingbird flies onto global gold radar

Emerging gold producer Hummingbird Resources (LN: HUM) is on track to reap a cash windfall in 2018 from the new, 80%-owned Yanfolila mine in Mali. Yet the transformational event in Hummingbird’s move towards its goal of being a mid-tier gold company could be rivalled by significant developments on another front over the next 12 months.

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Hummingbird flies onto global gold radar

Emerging gold producer Hummingbird Resources (LN: HUM) is on track to reap a cash windfall in 2018 from the new, 80%-owned Yanfolila mine in Mali. Yet the transformational event in Hummingbird’s move towards its goal of being a mid-tier gold company could be rivalled by significant developments on another front over the next 12 months.

Hummingbird flies onto global gold radar

Pre-production mining underway at Yanfolila

Locking in one of the biggest recent financings for a mining project in Africa in 2016 was a major achievement by the Hummingbird management team in a testing financial period. It set the company on a course that – with milestones since reached – makes it a rare bird in the gold space.