19 Mar Hummingbird announces ramp up at Yanfolila gold mine in Mali
West Africa-focused Hummingbird Resources (AIM:HUM) has announced a ramp up in gold production from its flagship Yanfolila mine in Mali.
The high grade asset began producing gold in December 2017, with the performance of the plant steadily improving month by month.
The plant operated at an average of 95% of design throughput during the first two weeks of March and has also consistently delivered a recovery rate of around 96%, exceeding design specification.
Total gold recovered to March 14 was 16,804 ounces (oz), of which 11,958 oz has been poured and 4,846 oz are currently within circuit inventory.
“We are delighted that the plant has performed so well and that the work carried out by our highly experienced team and contractors has so far been rewarded in ramp up operations with 96% recoveries, over 3g/t head grade and a steady increase in plant throughput towards design,” said CEO Dan Betts.
“This is an impressive achievement in such a short space of time,” he added.
Yanfolila contains probable reserves of 709,800 oz @ 3.14g/t and total resources of 1.8 million oz of gold. Hummingbird’s other core asset is the Dugbe gold project in Liberia.
Meanwhile, the government of Mali recently revealed it is negotiating a new mining code with companies invested in the industry, but warned it will implement a new law unilaterally if no compromise is reached.
Click here to read RGN’s recent feature on Hummingbird Resources in Vol5 Iss1: