Hummingbird Resources (GB:HUM) has released an update.
Hummingbird Resources has announced the recommencement of operations at the Kouroussa Gold Mine in Guinea by Corica Mining Services, following a temporary halt. To support this reinitiation and mitigate financial risks, the company’s main shareholder, CIG SA, has provided a $10 million loan. The return to full scale operations is expected to boost mining of high-grade material and advance the company’s goal of achieving a 200 Koz per annum production rate.
For further insights into GB:HUM stock, check out TipRanks’ Stock Analysis page.
