Hummingbird Resources Plc (LON: HUM) releases operational update of Yanfolila mine visit

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Hummingbird Resources Plc (LON: HUM) releases operational update of Yanfolila mine visit

 

Hummingbird Resources Plc (LON: HUM) has released an operational update in view of a management site visit to the Yanfolila mine.

  • The major focus of the site visit was to review Hummingbird's current and future mine plans and the 2021 budget process.
  • The company expect to finalise the initial draft 2021 budget, conducted during the site visit, in the coming weeks.
  • The company has stated that the review of managerial roles and accountabilities is in progress and expressed its confidence that substantial improvements have been made.
  • The stocks of the company, on 2 December 2020, traded lower by 7.14% from its previous closing, hovering at around GBX 29.25 at 09:12 AM GMT+1.

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