Project: Yanfolila Gold Mine

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Yanfolila Project
Yanfolila Mining Permit

Yanfolila Gold Mine

The Yanfolila Gold Mine, located in southern Mali, is a low cost, high grade open pit mining operation, which poured first gold in December 2017.Commercial ramp up of gold production was completed in Q1 2018, with ~130,000 ounces of gold targeted for the first full year of production. Currently, focus remains on continually refining and improving Yanfolila into a consistent low cost operation. Meanwhile, Hummingbird also intends to aggressively explore and develop near mine resources to convert resources into reserves and, ultimately, extend the mine life of Yanfolila.

For more information on Yanfolila’s commercial ramp up, please visit our news page for the latest announcements.

Economics

Definitive Feasibility Study

The table below provides the key parameters and results of the Definitive Feasibility Study released by Hummingbird Resources on 18 January 2016 as well as the Optimised New Mine Schedule released 29 February 2016.

Feb 2016 Optimised Mine Plan (US$1,100) Feb 2016 Optimised Mine Plan (US$1,250) Feb 2016 Optimised Mine Plan (US$1,400)
Production Year 1 132,000oz 132,000oz 132,000oz
LoM Production/Year 107,000oz 107,000oz 107,000oz
LoM Grade 2.95g/t 2.95g/t 2.95g/t
Annual Throughput 1.24Mtpa 1.24Mtpa 1.24Mtpa
Project CAPEX US$79m US$79m US$79m
Recovery 92.8% 92.8% 92.8%
All in Sustaining Costs (US$/oz) US$686 US$695 US$701
LoM NPV (8%) US$109m US$162m US$216m
After Tax IRR 42% 60% 77%

Probable Reserves

Tonnes Contained Ounces (Au) Grade (g/t)
Komana East 4,606,000 470,600 3.18
Komana West 2,433,000 239,200 3.06
Total 7,039,000 709,800 3.14

Indicated and Inferred Resources (Inclusive of Reserves)

Tonnes Contained Ounces (Au) Grade (g/t)
JORC 2012 18,654,00 1,587,600 2.64
SAMREC 2009 3,520,000 224,400 1.98
Total 22,165,000 1,812,000 2.54
Net Attributed to Hummingbird (80%) 18,840,250 1,540,200 2.54

Gold Fields 2013 Non Code Compliant Mineral Inventory

Tonnes Contained Ounces (Au) Grade (g/t)
De-Risking Study 6,324,200 390,700 1.92

Team spotlight

Louis Kruger

Louis Kruger
General Manager - Yanfolila

Louis is a mining professional with 34 years’ broad industry experience. Prior to joining Hummingbird in February 2018, he held both operational and team-management centric roles at mining firms across Africa, including as GM at Mintails South Africa and as VP HR & Administration at Endeavour Mining. Louis’ technical expertise spans from 20 years as Training & Development Manager for Africa Metallurgical Services at Angolgold Ashanti, where he initiated numerous modifications to boost production, safety and recovery rates. His team management roles have rendered him responsible for over 7,000 employees at a time and placed him at the helm of far-reaching CSR programmes.

Meet the whole team