AIM-quoted Hummingbird Resources has started operations on schedule at its Yanfolila gold project in Mali which is on track for its first gold pour by the end of 2017.
In addition Hummingbird Resources states that pre-production mining by contract fleet; African Mining Services has also started on schedule at the Yanfolila site and ore will be stockpiled in advance of its introduction to the process plant in Q4, 2017.
The construction of the Yanfolila process plant and associated infrastructure remain on budget and schedule with commissioning anticipated in Q4, 2017.
Yanfolila is forecast to produce 132 000 oz of gold in its first full year of production at a LoM AISC of US$695/oz
The average production at Yanfolila of 107 000oz/year of gold over the LoM, in tandem with exploration and development initiatives, will expand the current mine plan.
“Commencement of mining activities at Yanfolila is a significant milestone for Hummingbird Resources as we continue to bring the project closer to production by the end of this year,” says Hummingbird Resources CEO, Dan Betts.
“Our contract mining partners, African Mining Services, have mobilised a significant fleet to site and this commitment emphasises the momentum the project has gained throughout the year.
“As we enter the final months of construction we remain on time and budget for first gold by the end of 2017.
“We will look to build on the current momentum as we ramp up to full scale mining and production,” concludes Betts.
Feature image credit: Hummingbird Resources