JOHANNESBURG (miningweekly.com) – Aim-listed Hummingbird Resources expects first gold production from its Yanfolila mine, in Mali, before the end of December as ore commissioning gets under way.
“Ore commissioning represents the final step ahead of first gold production at Yanfolila. Everybody on site is totally focused on a smooth ramp-up of the plant as we look to move into the production phase,” said CEO Dan Betts.
Commercial ramp-up is expected during the first quarter of 2018, with a target of delivering 130 000 oz of gold during the first full year of production, which is projected to generate around $70-million of free cash flow at a gold price of $1 250/oz.
Edited by: Creamer Media Reporter
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