Hummingbird Resources joins the World Gold Council

The World Gold Council, the market development organisation for the gold industry, has welcomed Hummingbird Resources to its Board of Members. As part of joining the World Gold Council, the company has agreed to adopt and adhere to the Responsible Gold Mining Principles.

Hummingbird Resources engages in the exploration, evaluation and development of mineral properties in West Africa with a primary focus on gold. Founded in 2005, Hummingbird listed on the London Stock Exchange in 2010. The company currently has two operations, Yanfolila, a high grade, producing mine in south west Mali; and Dugbe, a large undeveloped gold deposit in Liberia.

Kelvin Dushnisky, Chair of the World Gold Council, commented: “I am delighted to welcome Hummingbird Resources to the World Gold Council. Hummingbird Resources brings with them a wealth of experience and plays an important role in the production and exploration of gold across West Africa. We look forward to their participation.”

Daniel Betts, Managing Director of Hummingbird Resources, said: “I believe global partnerships are of the utmost importance. I am delighted that Hummingbird is joining the World Gold Council to contribute to its important work. Sustainability is at the heart of everything we do at Hummingbird and adopting the Responsible Gold Mining Principles underpin our commitment as a sustainable operator. I am looking forward to working with the Council and its Members to share best practice and to promote the long-term development of the gold industry.”

You can follow the World Gold Council on Twitter at @goldcouncil and Like on Facebook.

ENDS

For further information please contact:

Hannah Brandstaetter
World Gold Council
T +44 78 3452 4069
E [email protected]

Douglas Ross
Hummingbird Resources
T +44 (0) 20 7409 6660
E [email protected]

Note to editors:

The World Gold Council

The World Gold Council is the market development organisation for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership and be the global authority on the gold market.

We develop gold-backed solutions, services and products, based on authoritative market insight and we work with a range of partners to put our ideas into action. As a result, we create structural shifts in demand for gold across key market sectors. We provide insights into the international gold markets, helping people to understand the wealth preservation qualities of gold and its role in meeting the social and environmental needs of society.

The membership of the World Gold Council includes the world’s leading and most forward-thinking gold mining companies.

Hummingbird Resources

Hummingbird Resources (AIM: HUM) is a leading gold production, development and exploration company. The Company has two core gold projects, the Yanfolila Gold Mine in Mali and the Dugbe Gold Project in Liberia.  Yanfolila produced its first gold pour on time and budget in December 2017.  At 31 October 2019 Yanfolila has a 7.9Mt of Reserve ore @ 2.66 g/t for 676,000ozs gold.  At 31 March 2019 Yanfolila had a total Resource base (inclusive of Reserves) of 28Mt of Ore @ 2.23 g/t for 2,005,300ozs gold.  The Dugbe Gold Project has Resources currently totalling 4.2Moz of gold and a completed NI 43-101 compliant PEA on the project showing a 43% IRR and US$337m NPV at a US$1,500 gold price. 

In addition to Hummingbird's production and development assets, the Company also has an exploration footprint of ~4,000km2 and a significant shareholder in AIM listed Cora Gold, which is advancing a portfolio of prospects in Mali and Senegal.