Africa-focused gold miner Hummingbird reports lower 2022 production, achieves revised guidance Hummingbird
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The company's full year 2022 all-in sustaining costs were US$1,782 per oz, up 16% from 2021 and within the revised guidance. "These measures have been broadly successful, with the company being able to better achieve its mine plan schedule, move into the higher-grade Komana East deposit, resulting in a strong production quarter, with a similar quarter-on quarter production profile expected for this quarter, Q1 2023," the company said.
Importantly, the company said that once its Kouroussa gold mine in Guinea is in production and ramping up, it will provide a more detailed Group wide guidance update for the full year.