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]