Make Kitco Your Homepage

Yanfolila gold mine back in operation after Malian govt cleared roadblocks

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - West Africa-focused gold mining company Hummingbird Resources reported today that, further to its announcement on 29 November 2021, the Yanfolila mine is now back in operation following the intervention by the national Mali Government clearing illegal roadblocks and restoring public order in the region.

According to the company's statement, all employees and contractors have been safely accounted for with national Mali Government personnel remaining in place as the Yanfolila mine begins ramping back up to normalized production levels.

"A more detailed Yanfolila mine operational update will be provided once the company has assessed the extent of this recent disruption," Hummingbird said in a press-release.

Hummingbird Resources (AIM: HUM) currently has two core gold projects, the operational Yanfolila gold mine in Mali, and the Kouroussa gold mine in Guinea, which will more than double current gold production when in production, scheduled for first gold pour end of Q2 2023.


Hummingbird suspends operations at Yanfolila gold mine in Mali due to unrest

In addition, the company has a controlling interest in the Dugbe gold project in Liberia that is being developed by Pasofino Gold Limited through an earn-in agreement.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.