Africa-focused gold miner Hummingbird increases half-year production by 44%, reiterates annual guidance Hummingbird
- Africa-focused gold miner Hummingbird Resources announced today that its Yanfolila gold mine in Mali produced 23,885 oz of gold in Q2 2023, an increase of 19% on the previous year .
All-in sustaining costs were US$1,234 per oz in Q2 2023, a decrease of 34% on the previous period last year , with an H1 2023 AISC of US$1,170 per oz, a decrease of 42% from US$2,019 in H1 2022. Importantly, according to a press release, ramp-up of the Kouroussa operation in Guinea is on track, with processing plant availability currently at 68%, the first gold pour recorded on 8 June 2023 and regular gold pours commencing in July.
Hummingbird noted that following a strong H1 2023, Yanfolila is well positioned to meet its FY 2023 production guidance of 80,000 - 90,000 oz at an AISC of under US$1,500 per oz.
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