Hummingbird Resources (HUM)

Sector:

Mining

Index:

FTSE AIM All-Share

8.80p
   
  • Change Today:
    -0.050p
  • 52 Week High: 18.05
  • 52 Week Low: 5.64
  • Currency: UK Pounds
  • Shares Issued: 799.37m
  • Volume: 35,000
  • Market Cap: £70.34m

Hummingbird Resources agrees up to $60m facility with Coris Bank International

By Andrew Schonberg

Date: Tuesday 11 Apr 2017

LONDON (ShareCast) - (ShareCast News) - Hummingbird Resources' shares are up more than 3% after it agreed an up to $60m senior secured term facility with Coris Bank International Group to be drawn in instalments as required.
The new facility would be used to fund the ongoing construction of the Yanfolila Gold Mine in Mali that was on budget and scheduled for first gold pour by the end of 2017.

It had a four-year term, 9% interest rate and 12-month capital repayment deferral. An initial $25m was being drawn immediately.

In sum, the facility reduced the cost of debt and maintained flexibility for growth and development for Hummingbird.

A $25m bridge loan facility with Taurus Mining Finance Fund had been repaid and the mandate for further finance terminated.

At 11:16 GMT, shares in AIM-traded Hummingbird Resources were up 3.5% to 25.88p each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

HUM Market Data

Currency UK Pounds
Share Price 8.80p
Change Today -0.050p
% Change -0.57 %
52 Week High 18.05
52 Week Low 5.64
Volume 35,000
Shares Issued 799.37m
Market Cap £70.34m

HUM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.76% above the market average53.76% above the market average53.76% above the market average53.76% above the market average53.76% above the market average
48.87% above the sector average48.87% above the sector average48.87% above the sector average48.87% above the sector average48.87% above the sector average
Price Trend
71.13% below the market average71.13% below the market average71.13% below the market average71.13% below the market average71.13% below the market average
35.66% below the sector average35.66% below the sector average35.66% below the sector average35.66% below the sector average35.66% below the sector average
Income Not Available
Growth
30.04% below the market average30.04% below the market average30.04% below the market average30.04% below the market average30.04% below the market average
36.67% below the sector average36.67% below the sector average36.67% below the sector average36.67% below the sector average36.67% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HUM Dividends

No dividends found

Trades for 29-May-2024

Time Volume / Share Price
08:08 35,000 @ 8.93p

HUM Key Personnel

Finance Director Thomas Hill

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