https://www.miningweekly.com

Hummingbird warns of lower full-year output amid Mali unrest

29th November 2021

By: Creamer Media Reporter

     

Font size: - +

Aim-listed Hummingbird Resources' share price on the LSE fell by more than 14% on November 29 after the company announced that unrest and illegal roadblocks near its Yanfolila mine, in Mali, had impacted on the company's ability to safely continue operations.

Yanfolila is, therefore, temporarily offline until conditions allow, it said.

Hummingbird advised shareholders that, as a result, full-year production would be below the bottom end of its guidance range.

"The safety of everybody at site is our highest priority and while this situation is a disappointment for all concerned, I would like to stress my gratitude for the calm and professional manner in which our team is working through the situation.

"The government of Mali is aware of the situation and is actively engaged in resolving these disruptions and we anticipate the situation will be short-lived. In light of the tremendous work done at Hummingbird recently to increase our mine life reserves and commence construction at our Kouroussa mine in Guinea, I believe the long-term future of the company has never looked stronger.

"This short-term interruption should not overshadow the tremendous pipeline of development work and opportunity the company has in front of it," commented CEO Dan Betts.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.045 0.072s - 111pq - 2rq
Subscribe Now