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Hummingbird increases stake in Yanfolila

By BFN News | 07:40 AM | Tuesday 13 June, 2017

Hummingbird Resources has acquired an additional 5% interest and a 1% royalty in the Yanfolila gold project in Mali for US$2m, increasing its stake to 80% ahead of the first gold pour from Yanfolila targeted by the end of 2017. Chief executive Dan Betts said: "Finalising a previously agreed acquisition of the LPMDO minority interest is another exciting step forward as we close in on our first gold pour from Yanfolila. "Additionally, by reducing the royalties over the project we have further increased the benefit to Hummingbird as we firmly believe the mine life will increase significantly as we convert further resources into reserves once we are in production. "We continue to make excellent progress on site and as a result we continue to advance Yanfolila to production both on time and on budget." Story provided by

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