Hummingbird Resources Company Profile

HUMMINGBIRD RESOURCES

STOCK OVERVIEW

COMPANY EXPOSURE

Gold

COMPANY LISTING

Hummingbird Resources

STOCK CODE

AIM:HUM

COMPANY OVERVIEW

Founded in late 2005, Hummingbird Resources is a West African gold producer, developer and explorer (AIM:HUM), which listed on AIM in December 2010. Since IPO, the Company has significantly grown its global resource inventory from an initial 0.8Moz to 6.4Moz across two countries, Mali and Liberia.

Initially focusing the majority of its resources on the Dugbe Gold Project in Liberia, the largest known gold deposit in the country, following the low-cost acquisition of Gold Fields’ gold assets in Mali in 2014, Hummingbird refocused its attention to the high-grade Yanfolila Gold Project.

WHY HUMMINGBIRD?

• West Africa’s newest gold producer
• 6.4Moz gold inventory in West Africa
• 107,000oz per annum gold production for Yanfolila LOM
• A low-cost operator ~US$700/oz at Yanfolila
• Largest gold deposit (4.2Moz) in Liberia for future development
• ~5,000km2 of exploration ground in Mali, Liberia and Senegal
• Low debt, low OPEX, high-grade, large reserves, strong management

SHARE PRICE PERFORMANCE

PROJECTS

• Production – Yanfolila
• Exploration – Dugbe
• Cora Gold – Hummingbird owns 34%

MINING IN MALI

• EITI-compliant country since 2011
• Mining and metals a priority industry sector for furthering economic development
• 3% royalty and 30% basic tax rate
• No restrictions on foreign investment or capital flows in and out of Mali
• Gold represents approximately 90% of the country’s mineral production
• Collectable BMI Research forecasts that Mali’s mining industry will experience a value growth of 10% from 2017 to 2021, putting it above top African mining markets

LATEST ANNOUNCEMENTS

CONTACT DETAILS

WEBSITE: http://hummingbirdresources.co.uk/

EMAIL:  bert@hummingbirdresources.co.uk

PHONE: +44 (0)20 7409 6660

KEY FINANCIALS

 

TOP SHAREHOLDERS

Capital Research & Mgmt Co.:
7.97%

Gold Fields Ltd.:
6.17%

Odey Asset Management LLP:
6.05%

Majedie Asset Management Ltd.:
5.94%

HSBC Global Asset Management (UK) Ltd.:
4.54%

Hargreaves Lansdown Asset Management LTD.:
4.14%

Pageant Holdings Ltd:
3.56%

Banque Heritage SA:
2.89%

 

TEAM

Russell King
Non-Executive Chairman

Daniel Betts
Chief Executive Officer

Thomas Hill
Finance Director

Stephen Betts
Non-Executive Director

Matthew Idiens
Non-Executive Director

David Pelham
Non-Executive Director

David Straker-Smith
Non-Executive Director