Hummingbird Resources PLC reported 2021 gold production on Monday in line with recently revised guidance and set its target for the year ahead. Here is what the AIM-listed gold mining company said:

On gold production:

“18,181 ounces of gold were poured at Yanfolila in Q4 2021.”

“2021 production of 87,558 oz, in line with revised guide range of 84,000-89,000 oz”

On gold sales:

“18,489 ounces of gold sold in Q4 2021 at an average realized price of $1,782 per ounce.”

On gold inventory:

“Gold inventory of 2,246 ounces as of December 31, 2021, valued at $4.1 million.”

On fees:

“All in sustaining costs of $1,803 per ounce for Q4 2021.”

“AISC 2021 of $1,536 per ounce, in line with revised guidance of $1,490 to $1,590 per ounce.”

In the reserves:

“Company reserves have been updated to 1.12 million ounces at 3.03 g/t, including: Yanfolila, Mali at 705,800 oz at 2.57 g/t and a first reserve for Kouroussa, Guinea of ​​408,900 oz at 4.38 g/t.”

On the 2022 orientations:

“2022 production forecast of 87,000 to 97,000 ounces of gold, with an AISC of $1,300 to $1,450 per ounce of gold.”

“Q1 is expected to be a lower production quarter than other quarters of 2022, with ramp-up expected from Q2 2022, driven primarily by five additional shovels becoming increasingly operational during Q1.”

Write to Ian Walker at [email protected]

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