Hummingbird Resources plc has completed converting its 51% holding in the Dugbe gold project into a 51% interest in Canadian joint venture partner Pasofino Gold Ltd. STRUCTURE The company said that it now had “clear visibility and control” for more efficient decision-making and project advancement”. The agreement results in Pasofino now owning 100% of Dugbe, […]
Tag: Dugbe – Liberia
Hummingbird production to rise with Kouroussa
Hummingbird Resources plc expects first gold pour scheduled for the end of Q2 at its Kouroussa project in Guinea to add material increase to the group’s production for 2023. OUTLOOK In its operational report for Q4 2022 and outlook for 2023, the company added that critical path construction and operational readiness items were nearing completion […]
Hummingbird reports $435m start-up costs for Dugbe
Hummingbird Resources plc announced that its joint venture partner Pasofino Gold Ltd had estimated costs of US$435 million to start the 2,559 km2 Dugbe gold project in southern Liberia. PRODUCTION The figure is part of the Pasofino’s filed feasibility study (FS) for the project, which comprises two defined deposits of Tuzon and Dugbe F. Pasofino’s […]
Hummingbird starts external audit for Y3 RGMPs
Hummingbird Resources plc said that the external assurance audit had started for the Year 3 World Gold Council (WGC) responsible gold mining principles (RGMPs) requirements. OUTCOME The company began the audit during Q2 2022 as reported in its operations and financial report. Hummingbird added it had a dedicated ESG team and external consultants in place […]
Hummingbird increases Yanfolila production
Hummingbird Resources plc reported increased production at its Yanfolila gold mine in Mali and further progress at its projects in Guinea and Liberia. OPERATIONS In its second quarter report for 2022, the company recorded production increased 29% from Q1 2022 to 20,013 oz gold (Q1 2022: 15,548oz). Mining rates improved (+26%) along with processing plant throughput […]
Hummingbird notes rise in gold reserves
Hummingbird Resources plc said feasibility study (FS) showed a 2.76 million oz reserve base and 14-year life of mine with further exploration potential for its 2,559 km2 Dugbe joint venture (JV) gold project in southern Liberia. DUGBE The project comprises two deposits of Dugbe F and Tuzon which Hummingbird discovered in 2009 and 2011 respectively. […]