Introduction
On December 17, Mali-focused gold miner Hummingbird Resources (OTCPK:HUMRF) released the overdue reserve update for its Yanfolila gold mine and the latter now holds 7.9m tonnes at 2.66 grams per tonne containing 676,000 ounces of gold. This is 165,000 ounces above the pre-production reserves as some 199,000 ounces had been processed since start-up to October 31.
Hummingbird added that it’s on course to meet its 2019 production guidance and that it planned to update shareholders with a five-year mine plan based on the updated ore reserves, and its