JOHANNESBURG (miningweekly.com) – To commemorate the first gold pour at Hummingbird Resources’ Mali-based Yanfolila mine, the Aim-listed gold miner is producing one-ounce pure-gold single mine origin (SMO) coins.
The 1oz Hummingbird will be part of a collection of seven coins, officially launching in 2018, offering those who are interested an opportunity to own an item of SMO gold. In line with the Equator Principles, each coin will seek to exemplify Hummingbird’s commitment to quality and best practice – for every ounce of gold Hummingbird produces from Yanfolila, the company will invest in its community-based projects across West Africa.
The 1oz Hummingbird is intended to be a collectable coin minted with the portrait of Musa I of Mali, the richest man in the country’s history. The collection will comprise six other coins representing Hummingbird’s industry, journey and company values: explore, develop, mine, produce, community and conserve.
Full sets of seven gold coins will be presented in a commemorative box and all coins will be priced based on the spot gold price at the time of purchase. Hummingbird is prepared to purchase any sold coins directly back from the customer for 98% of the spot gold price at the time of the repurchase.