Hummingbird Resources (HUM)

Sector:

Mining

Index:

FTSE AIM All-Share

8.90p
   
  • Change Today:
    -0.32p
  • 52 Week High: 17.50
  • 52 Week Low: 5.64
  • Currency: UK Pounds
  • Shares Issued: 799.37m
  • Volume: 2,288,608
  • Market Cap: £71.14m

Hummingbird confirms power switch-on with Aggreko at Yanfolia

By Josh White

Date: Wednesday 25 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Hummingbird Resources announced on Wednesday that Aggreko has fully commissioned the 7.4 MW diesel power facility on site to provide power to the process plant at its Yanfolila Gold Mine in Mali.
The AIM-traded firm said the 7.4MW facility of installed diesel power at Yanfolila was provided on a "complete turnkey" basis, on a seven-year contract, with a full Aggreko operations and maintenance team on site.

It claimed the generators were the "most efficient" in their class, with the modular set up further maximising efficiency.

"Working with Aggreko to deliver our power remains in line with our strategy of working with world class partners as we progress Yanfolila towards imminent gold production," said Hummingbird CEO Dan Betts.

"Aggreko offers the best quality power solution in the market at competitive pricing with a full team on site to run and maintain its operations."

Betts said that in addition, Hummingbird was continuing to evaluate potential renewable solutions such as solar photovoltaic, as it strived to be a responsible mine operating for the benefit of all stakeholders.

"We expect the next upcoming milestone to be the commissioning of the water supply and testing the now fully-installed mill."

James Shepherd, managing director of Africa for Aggreko, said his company's people in Yanfolila and the wider Aggreko team were "dedicated" to supporting Hummingbird towards the success of this project.

"Getting reliable, efficient and cost-effective power supply is critical when it comes to mining operations," he commented.

"Aggreko's technologies provide a scalable and efficient power that can accommodate any change of needs and resources available."

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HUM Market Data

Currency UK Pounds
Share Price 8.90p
Change Today -0.32p
% Change -3.47 %
52 Week High 17.50
52 Week Low 5.64
Volume 2,288,608
Shares Issued 799.37m
Market Cap £71.14m

HUM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.02% above the market average57.02% above the market average57.02% above the market average57.02% above the market average57.02% above the market average
53.03% above the sector average53.03% above the sector average53.03% above the sector average53.03% above the sector average53.03% above the sector average
Price Trend
65.39% below the market average65.39% below the market average65.39% below the market average65.39% below the market average65.39% below the market average
30.07% below the sector average30.07% below the sector average30.07% below the sector average30.07% below the sector average30.07% below the sector average
Income Not Available
Growth
32.14% below the market average32.14% below the market average32.14% below the market average32.14% below the market average32.14% below the market average
34.43% below the sector average34.43% below the sector average34.43% below the sector average34.43% below the sector average34.43% 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 07-Jun-2024

Time Volume / Share Price
16:37 275,000 @ 9.00p
16:35 141,402 @ 8.90p
16:35 85,107 @ 8.90p
16:35 3,400 @ 8.90p
16:35 11,493 @ 8.90p

HUM Key Personnel

Finance Director Thomas Hill

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