Hummingbird Resources (GB:HUM) has released an update.
Hummingbird Resources reported increased gold production of 22,867 ounces in Q1-2024, with Yanfolila Mine in Mali boosting its output by 18% from the previous quarter and reducing costs. The company faced disruptions at its Kouroussa Mine in Guinea due to a fire and halted operations by its primary contractor, but is actively seeking solutions to reach commercial production. Financially, Hummingbird saw a substantial rise in adjusted EBITDA to US$7.1 million, marking a solid start to the year despite operational challenges.
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