Gold
Hummingbird Resources poured first gold at the Yanfolila Gold Mine in southern Mali from the carbon-in-leach circuit on 19 December.

The company’s first gold pour was achieved on time and on budget.

Hummingbird Resources is now focused on completing commissioning and ramping up to commercial production, targeting ~130,000 oz of gold in the first full year of operations.

Hummingbird Resources has a current cash position of ~US$40 million.

“Producing first gold from Yanfolila is Hummingbird’s most significant achievement to date and we have delivered it on time and on budget,” comments Hummingbird Resources CEO, Dan Betts.

“I would like to take this opportunity to thank the Hummingbird team, our shareholders, contractors, advisers, the Government of Mali and all Malian stakeholders for their huge commitment and extraordinary efforts on our journey to turn Hummingbird, as a company, and Yanfolila specifically into a gold producer.

“All major elements of the plant are working to specification; including the crushing, milling and detox circuits, with early recoveries from the CIL circuit showing around 95%, which is excellent in terms of start-up performance.

“Our initial pour was from early low loaded carbon purposefully withdrawn from the circuit to test the elution and electro-winning circuits, which was successful. As a result, carbon loaded to design specification of >2,000 ppm has been drawn from the CIL circuit and is currently undergoing elution ahead of further ongoing production.

“We have successfully worked through process design and detailed engineering, equipment selection and procurement, shipping and logistics, construction management, wet and ore commissioning. Nearly 2 million man hours have been expended, erecting over 1,600 tons of structural steel and plant equipment, connecting over 20 km of piping and pouring over 4,000 m3 of concrete to get to this point.

“Looking forward to 2018, Hummingbird is committed to not only delivering name-plate production at Yanfolila but also demonstrating the growth potential of Yanfolila through the continued conversion of already discovered resources, of which there are over 1 million ounces outside the current mine plan, to mineable reserves.

“Over the last decade Hummingbird has now successfully explored, developed, produced and completed value accretive transactions in the market. Thank you for your support to get to this seminal moment – we are now no longer dependent on our shareholders for financial support,” concludes Betts.

Feature image credit: Hummingbird Resources