We have successfully made the journey from explorers to commercial gold producers. We are proud of the path we’ve taken to get us to where we are today.
2005
Hummingbird Resources is founded
2006
Exploration in Liberia commences
2009
Maiden drilling discovery at the Dugbe Gold Project
2010
812,000ozs Resources declared at Dugbe
2010
IPO on AIM
2011
Resources at Dugbe grow to 1.8Moz
2012
Resources at Dugbe grow to 3.7Moz
2013
Resources at Dugbe grow to 4.2Moz
2013
Preliminary Economic Assessment published on Dugbe showing a 29% IRR and US$169m NPV
2014
Acquires Yanfolila Gold Project from Gold Fields for US$20m and starts work on a DFS
2016
Completes DFS and finances the construction of the Yanfolila Gold Mine
2017
First gold poured at Yanfolila in December 2017
2018
Commercial production declared on 1 April 2018
2019
Produced over 115,000 ozs in 2019 in line with guidance
2020
Five-year mine plan released, forecasting 574,000 ozs of production 2020-2024.
2021
Granting of mining licenses for the Kouroussa Gold Mine in Guinea in May2021. Updated Mineral Resources Estimates at Yanfolila in Mali in March 2021. Group financing package secured with Coris Bank International of c.US$100 million in October 2021. Updated Mineral Resources Estimates at Dugbe in November 2021 as produced by Pasofino. Updated Company Reserves statement of 1.12 Moz in November 2021.
2022
January 2022 construction officially began at the Kouroussa Gold Mine in Guinea. The Dugbe Gold Mine in Liberia final feasibility study results were released in June 2022 via our joint venture partners Pasofino Gold Ltd. June 2022 the updated Company Reserves and Resources statements were released totalling 4.13 Moz and 7.28 Moz respectively. November 2022 the Company achieved full World Gold Council (``WGC``) Responsible Gold Mining Principles (``RGMP``) compliance.
2023
February 2023 the Company welcomed Nioko Resources Corporation as a key strategic investor into the Company. May 2023 Kouroussa reached practical completion and entered the commissioning phase. June 2023 first gold was poured at Kouroussa. September 2023 the updated Company Reserves and Resources statements were released totalling 4.03 Moz and 6.95 Moz respectively. December 2023 the Company has completed the conversion of its 51% interest in the Dugbe Gold Project in Liberia, into a 51% controlling interest in TSX-V listed Pasofino.
