Hummingbird warns of lower full-year output amid Mali unrest
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.
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