PRECIOUS METALS

Hummingbird sees costs jump in September quarter

Hummingbird Resources, the Mali and Liberia-focused gold junior, saw all in sustaining costs jump by 30% in the September quarter as a wetter than usual rainy season, COVID-19 and the closure of Mali’s border following a military coup took their toll.

Hummingbird Resources' Yanfolila operations in Mali

Hummingbird Resources' Yanfolila operations in Mali

AISC for the quarter amounted to US$1,283/oz, up from US$983/oz in Q2. The company said there would be an impact on full year cost guidance of US$995/oz. Despite the challenges, the company managed...

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