Hummingbird Resources has poured the first gold at its Kouroussa gold mine in Guinea within budget and ahead of schedule.
The mine is projected to reach nameplate capacity in the second half of the year.
The Kouroussa project is estimated to produce between 120 000 and 140 000 oz of gold per year in the first three years of commercial operation, followed by an average of 100 000 oz/y for the duration of the mine's life.
The first gold pour at the mine represents a significant strategic milestone for the firm, converting Hummingbird into a multi-asset, multi-jurisdictional gold producer with a gold output profile exceeding 200 000 oz/y.
Hummingbird is preparing an exploration strategy for the rest of the year and beyond 2024, to expand Kouroussa's current reserve base of 647 000 oz at 4.15 g/t.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
