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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