Hummingbird Resources plc (AIM: HUM) is pleased to provide an operational and trading update for the first quarter of 2021 ('Q1 2021').
Q1 2021 Highlights
§ Gold poured: 22,781 ounces ('oz') of gold poured in Q1 2021 (Q4 2020: 22,012 oz)
§ Gold sold: 22,019 oz of gold sold in Q1 2021 at an average realised price of
US$1,788 per oz
§ Gold inventory: 2,596 oz gold inventory at 31 March 2021, valued at
~US$4.4 million
US$1,494 per oz for Q1 2021 (Q4 2020:
US$1,496 per oz). Q1 AISC driven by:
§ Relatively low planned quarterly production and mill grades
§ High strip ratio as the Company accesses the Komana West ('KW') ore body in particular