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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.

Hummingbird profit rises on gold price Hummingbird profit rises on gold price Hummingbird profit rises on gold price Hummingbird profit rises on gold price Hummingbird profit rises on gold price

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.