Our Highlights
165,000 -
200,000 oz
FY-2024 Group gold production guidance
Production
Group production guidance for FY-2024 of 165,000 – 200,000 oz at an AISC below US$1,500, which is weighted towards H2-2024 and is split as follows.
Yanfolila: 75,000 – 85,000 oz at AISC below US$1,500 oz.
Kouroussa: 90,000 – 115,000 oz at AISC below US$1,500 per oz.
Development
In Q4 -2024, Hummingbird completed the conversion of the Company’s 51% interest in the Dugbe Gold Project into a 51% interest in Pasofino simplifies the ownership structure, enabling efficient decision-making and project advancement.
In January 2024, Pasofino announced a non-brokered private placement totalling approximately US$2.33 million, inclusive of a US$2 million investment by Hummingbird. This investment increases Hummingbird’s shareholding in Pasofino to 53%.
Working closely with the Pasofino team, Hummingbird is outlining the next steps for the Dugbe Gold Project and will provide updates in due course.
Exploration
In line with the exploration strategy outlined in Q4-2023, the Company expects to spend c.US$5 million on exploration across both Yanfolila and Kouroussa, targeting near mine resource and LOM growth.