Mali – Hummingbird Resources announced the appointment of the civil contractor, building, mining and industrial infrastructure specialist IMAGRI-SARL in September.
IMAGRI was instrumental in the construction and expansion of Randgold Resources’ flagship Loulo underground mine power plant and the associated Gounkoto open pit mine, as well as a portion of ASX-listed Resolute Mining’s Syama mine.
IMAGRI will be responsible for the completion of plant civil works, which includes:
- ROM tip and primary crusher
- Secondary crusher and screen
- Milling and carbon-in-leach area
Since the appointment of IMAGRI, surveying, setting out and trenching have started on site in preparation for the concrete pouring later in October.
“We are now laying the ground work for our first gold mine in Mali with civil works having started, says Hummingbird Resources CEO Dan Betts, adding that this is an important milestone for the company and signalling the start of full-scale mine construction and bringing Hummingbird closer to delivering one of Africa’s newest and highest margin gold mines.
With civil works underway, Hummingbird Resources remains on schedule and on budget for first gold pour by the end of 2017 targeting 132 000 oz of gold in the first year of full production with a LoM average production of 107 000 ozpa over the mine’s 7.5 year life.
This is expected to deliver around US$70 million of free cash flow in that year at a $1 250/oz gold price.