Hummingbird warns of delay in achieving commercial production at Kouroussa
Aim-listed Hummingbird Resources has informed shareholders that commercial production at its Kouroussa gold mine, in Guinea, will be delayed beyond the targeted first quarter of this year owing to reduced mining activity.
In the meantime, the supporting mining contractor continues to operate, with the processing plant processing this ore, together with stockpiled material.
“Resolution to the current situation will allow the upcoming blast to proceed, which is expected to provide access to higher-grade ore necessary to achieve commercial production,” the company says.
Following the suspension of mining activities by mining services provider Corica Mining Services on March 17 in a dispute over payments, Hummingbird has engaged in discussions with Corica, alternative and additional mining contractors, suppliers and the company’s primary lender Coris Bank International.
Earlier this week, the company’s senior management team met with a number of these key stakeholders in West Africa.
The objective of these discussions was to restart mining operations at Kouroussa as soon as possible and outline a path towards achieving sustainable commercial production levels. Discussions remain ongoing.
While discussions with Corica continue, a supporting mining contractor continues to operate, with the processing plant processing this ore, together with stockpiled material.
“Discussions are focussed on various scenarios and initiatives, with the company confident of reaching a constructive resolution in the near term.
Mining Weekly has reached out to Corica for comment on the dispute with Hummingbird.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation