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Hummingbird moves into the black

Hummingbird Resources (AIM:HUM) achieved its first ever profit in the first half of 2018 as its Yanfolila gold mine in Mali ramped up to nameplate capacity.

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The first six months of production at the Yanfolila mine boosted Hummingbird's balance sheet

The company reported a profit after tax of US$2.6 million, compared to a loss of $2.6 million a year ago.

Profit for the period attributable to equity holders was $1.6 million, up from a loss of $2.