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Mining operations start at Yanfolila, says Hummingbird

By BFN News | 07:39 AM | Tuesday 29 August, 2017


Hummingbird Resources has confirmed that pre-production mining has started on schedule at its Yanfolila gold project in Mali, which is on track for its first gold pour by the end of 2017. Hummingbird said that by the end of November it was anticipated that over three million tonnes of material will have been moved. Highlights: - Pre-production mining by contract fleet, African Mining Services has commenced on schedule - Ore to be stockpiled in advance of its introduction to the process plant in Q4 2017 - Process plant construction and associated infrastructure remain on budget and schedule - commissioning anticipated in Q4 2017 - Yanfolila is forecast to produce 132,000oz gold in its first full year of production at a Life of Mine ("LoM") All in Sustaining Cost of US$695/oz - Average production of 107,000oz/year of gold over the Life of Mine in tandem with exploration and development initiatives to expand the current mine plan Chief executive Dan Betts said: "Commencement of mining activities at Yanfolila is a significant milestone for Hummingbird as we continue to bring the Project closer to production by the end of this year. "Our contract mining partners, AMS, have mobilised a significant fleet to site and this commitment emphasises the momentum the Project has gained throughout the year. "As we enter the final months of construction we remain on time and budget for first gold by the end of 2017. We will look to build on the current momentum as we ramp up to full scale mining and production." Story provided by StockMarketWire.com

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