Hummingbird Resources sells further stake in Mali mine business to government
2nd Feb 2017 15:29
(ShareCast News) - Hummingbird Resources has agreed to sell an extra 10% stake in its Société Des Mines De Komana business to the Mali government for $11 million. Société holds the Komana Mining Permit, containing the Yanfolia Gold Project, of which Hummingbird owns a 95% holding. The Mali governme
Read moreHummingbird secures capital to reach gold production target
6th Dec 2016 09:37
(ShareCast News) - Hummingbird Resources, an AIM listed gold production, development and exploration company, has announced that it has secured two credit facilities worth $55m to overcome the final corporate hurdle in the development of the Yanfolila gold project in Mali. The first is a $45m sen
Read moreHummingbird Resources extends Taurus bridge facility again
8th Sep 2016 14:27
(ShareCast News) - Hummingbird Resources announced a three month extension of its $15m bridge facility with Taurus Mining Finance Fund LP, to 8 December 2016. The AIM-traded firm's $10m bridge facility was originally announced on 11 August 2014. It was expanded to a $15m facility on 1 September 201
Read moreHummingbird Resources raises $3.8m in private placing
12th Aug 2016 11:54
(ShareCast News) - West African gold miner Hummingbird Resources raised about $3.8m in a private placing with Fidelity Investments. The funds were raised through a placing of 11.1m new ordinary shares at 26p per share to invest further in its Yanfolila mine and develop additional mining resources
Read moreHummingbird lifts economic projections at Yanifolia
29th Feb 2016 12:13
(ShareCast News) - West Africa-focused gold developer Hummingbird Resources was brimming with confidence on Monday, releasing updated economic projections for its Yanifolia Gold Project in Mali. The AIM-traded company said at a gold price of $1,100 per ounce, there would be a 24% increase in its net
Read moreHummingbird looking at extension of Yanifolia Gold Project
2nd Feb 2016 15:30
(ShareCast News) - Hummingbird Resources was quite literally sitting on a goldmine on Tuesday, revealing promising results drom a desktop study on the Gonka desposit. Gonka was located five kilometres south of the proposed Yanifolia Gold Project in Mali. That project did not currently include the G
Read moreHummingbird announces positive report for Dugbe power plant
16th Sep 2015 12:50
(ShareCast News) - Hummingbird Resources announced a positive preliminary report from an independent consultancy firm for the proposed hydro-electric power plant in southeast Liberia that will power the company's Dugbe gold project. Hummingbird said the report, which was carried out by Knight Piesol
Read moreHummingbird Resources raises funds for Mali project
26th Jun 2015 11:15
Mineral exploration group Hummingbird Resources has raised £0.5m via a subscription agreement with a long-term shareholder. The London-listed company said it has issued 1.5m shares at 33p each with a shareholder who is an affiliate of natural resources investment group Sprott Inc. The group said pr
Read moreHummingbird Resources plunges after discounted placing
17th Jun 2015 10:11
Gold explorer Hummingbird Resources fell 8% on Wednesday after the company said it raised about £3.5m in a discounted share placing. Hummingbird placed 10.6m shares at 33p each and said the funds will be used primarily to advance its Yanfolila gold project in Mali to near-term production and for wor
Read moreHummingbird Resources increases its losses as Ebola affects its operations in Liberia
17th Oct 2014 15:28
Hummingbird Resources, a gold exploration company which operates in Mali and Liberia, saw its losses widen as it had to put its project in Liberia on hold due to the Ebola outbreak. The company did not generate any revenues during the year ended 31 May 2014, but it said it will not "sit and lick our
Read moreTuesday broker round-up UPDATE
7th Oct 2014 09:45
African Minerals: Canaccord Genuity lowers target price from 20p to 15p with a hold recommendation. Aggreko: Exane initiates with a target price of 1500p and an underperform rating. Amec: Liberum Capital cuts target price from 1035p to 908p staying with its sell recommendation. Antofagasta: Canacc
Read moreMonday broker round-up
6th Oct 2014 10:05
Asos: UBS ups target price from 4000p to 4050p and stays with its buy recommendation. Cranswick: Numis cuts target price from 1326p to 1296p and keeps a hold recommendation. Dunelm Group: Citi reduces target price from 930p to 870p downgrading to neutral. easyJet: Citi ups target price from 1600p
Read moreHummingbird Resources secures funding for Mali project
11th Aug 2014 16:00
West Africa-focused gold miner Hummingbird Resources has said it will be able to fund the construction of the Yanfolila project in Mali with a two-phase debt facility worth $75m. The agreement, reached with Taurus Mining Finance Fund on Monday, will help development of the asset - which is targetin
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moreEntertainment One exec sells 1.8m pounds of shares
9th Dec 2013 16:18
Patrice Theroux, President of the Film division of Entertainment One has sold nearly 1.8m pounds-worth of shares in the company via two separate transactions, it announced on Monday. Theroux disposed of 665,462 at a price of 240.1p on December 5th and offloaded a further 75,000 at 240p the followin
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