Hummingbird Resources plc has issued a formal ‘step-in notice’ allowing it to take contractual control of operations, suspended since 17 March, at its Kouroussa mine in Guinea. MINING The company said discussions continued with Corica Mining Services, which stopped work, aimed at returning its main contractor to work and ramp-up operations under the existing mining […]
Tag: Kouroussa gold mine – Guinea
Kouroussa commercial production delayed by disputes
Hummingbird Resources plc warned of delayed commercial production at its Kouroussa mine where operations are still on hold following disputes with its mining contractor. BLASTING Corica Mining Services stopped work on 17 March at the Guinea mine in a dispute over contracts including pay. Hummingbird today said it had been in discussions with Corica, alternative […]
Hummingbird denies Kouroussa contractor claims
Hummingbird Resources plc has rejected accusations, including of money owed, from its mining contractor which has suspended operations at Kouroussa gold mine in Guinea. FAILURES The company said it disagreed with Corica Mining Services’ “highly misleading” public statement. “Specifically, the company disputes the accuracy of the balance quantum of monies due and the requirement for […]
Contract disputes halt Kouroussa gold mining
Contractual disputes at Kouroussa gold mine in Guinea have halted operations, affecting production and cash flow. IMPACT Owner Hummingbird Resources plc’s principal contract miner Corica Mining Services temporarily suspended mining operations as of 17 March 2024. The company said that the suspension was “a clear breach of the mining contract” and has given Corica notice […]
Hummingbird to restart Kouroussa
Hummingbird Resources plc expects to resume gold mining operations over the coming weeks at Kouroussa following the fire at the primary fuel depot in Conkary, Guinea. PRODUCTION The processing plant has continued to process existing stockpiles and limited material mined. Over the past few days fuel has been delivered to the mine and, after restart […]
Hummingbird secures $55m refinancing for Kouroussa
Hummingbird Resources plc has agreed to refinance a portion, totalling US$35 million, of its existing Coris Bank group loan and secured $20m new loans for its West African operations. SUPPORT The refinancing of existing Coris Bank loans will see loan repayments deferred from Q3 2023 to full year 2024. Funds will provide additional cash flow […]