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Hummingbird trims costs in June quarter

Hummingbird Resources poured 7.5% more gold in the June quarter than in Q1, but it was the approximate US$100/oz reduction in all in sustaining costs which caught analysts’ attention.

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Hummingbird Resources' Yanfolila operations in Mali

Gold production from the Yanfolila mine in Mali amounted to 24,494oz, driven by strong processing rates, while the gold junior reported AISC of US$1,386/oz for Q2, down from US$1,494/oz in Q1 - a