Share Name Share Symbol Market Type Share ISIN Share Description
Hummingbird Resources Plc LSE:HUM London Ordinary Share GB00B60BWY28 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  1.40 5.0% 29.40 6,690,031 16:35:08
Bid Price Offer Price High Price Low Price Open Price
29.00 29.50 29.50 28.50 28.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 118.29 7.08 1.15 25.7 105
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:50 O 90,000 29.50 GBX

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Date Time Title Posts
03/12/202020:36Hummingbird Resources9,498
03/12/202017:42Hummingbird Resources (moderated)3,400
24/11/202017:07Hummingbird shares lifted by better than expected gold resource upgrade3
15/7/201814:04Hummingbird Resources 201818
30/5/201812:52HUMMINGBIRD RESOURCES - multi asset gold company48

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Hummingbird Resources Daily Update: Hummingbird Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker HUM. The last closing price for Hummingbird Resources was 28p.
Hummingbird Resources Plc has a 4 week average price of 27p and a 12 week average price of 27p.
The 1 year high share price is 42p while the 1 year low share price is currently 18.25p.
There are currently 357,428,268 shares in issue and the average daily traded volume is 3,224,655 shares. The market capitalisation of Hummingbird Resources Plc is £105,083,910.79.
temujiin: I'm not 100% sure why people are so vexed at HUM missing guidance. At the start of the year 110k+ oz was very 'realistic' but BOD could (and imo should like AAU) have knocked off 10-15% so they would almost certainly ''over deliver''. HUM like others set what that they realistically believed they would achieve. However 1. A tiny issue like a PANDEMIC hindered matters, then 2. There was a MILITARY COUP FFS, which 3. SHUT DOWN country boarders and access to equipment so they 4. Changed plans to softer lower grade ore to preserve equipment, then to top it all 4. It was the rainiest season EVER in Mali. So HUM may only produce say 100-105,000 oz this year and not the lower end realistic 110,000. Well wet the bed and run for the hills people, lets lynch Dan Betts from a drilling rig for this heinous crime! Or sell up and invest elsewhere. For me the missed target is disappointing, the share price is disappointing, but 1. The higher grade gold is still there being processed now 2. Exploration upside still there 3. Dugbe is still being progressed at nil cost 4. Kouroussa is still awaiting permits and offers great upside 5. And HUM are very VERY profitable, even if they dug up and processed 5% less gold this year than hoped for. Mining stocks are volatile and SP's can defy perceived logic for a long while but they can be incredibly financially rewarding if you ride out the fluctuations. I'm still buying at these temporary low levels, but each to there own.
temujiin: Looks like HUM might miss the lower end of their gold production target this year. Given they have had Covid to deal with, a coup closed borders and ''wettest rainy season on record'' I hardly find this surprising if disappointing to hear. They do point out it was also partly because they mined lower grade softer ore to preserve mining equipment whilst access to parts was difficult, but that the higher grade is still there and now being mined. Should leader to a better than forecast next year. ======= To view the RNS with illustrative maps please use this link: Key operational updates: -- Site visit focus: The main focus was to spend time with senior site management, review Hummingbird's current and future mine plans, review the 2021 budget process, run through the mine operations, plant, facilities and overall processes in place and visit several of its community projects -- Management: Reviewing managerial changes made last quarter to improve group operational performance, reporting lines and efficiencies. The review of managerial roles and accountabilities is ongoing, however the Company is confident that tangible improvements have been made and will continue to be made under the recently internally promoted General Manager (" GM"), Edrich Welthagen -- 2021 Budget: Review of Hummingbird's initial draft 2021 budget was conducted, which the Company expect to finalise in the coming weeks -- Production: After a thorough review with the new leadership team on site and following two challenging quarters, it has become clear that the cumulative headwinds that the Company has faced this year means there is now a material risk of producing below its 2020 production guidance of 110,000 - 125,000oz. Total ounces poured year to date as at the end of November were approximately 93,000oz. Key reasons include: -- As previously discussed in the second quarter of 2020, Hummingbird re-sequenced certain parts of the mine plan in order to access and process a greater proportion of softer oxide material. This was done to preserve wear and tear on critical parts in the plant during the unprecedented and unspecified border closures due to the Covid-19 pandemic. This strategy was successful in preserving the plant and on-going production -- In the third quarter of 2020, the mine endured extreme weather events with the wettest rainy season on record. This led to the continued mining of oxides and waste that were of lower grade than the Company's initial start-of-year plans, resulting in lower production for that quarter. This was particularly the case from the Komana East ("KE") mining pit (see maps below) -- Further, as the rainy season ended, a military coup in Mali enforced an additional border closure for approximately a month to compound the already complicated Covid-19 induced logistical complications the Company had faced, and which remain ongoing -- Despite now being in the dry season and mining higher grade ore this quarter, it has now become clear that there is a material risk, as a result of the abovementioned factors, that the Company will not meet the lower end of 2020 production guidance of 110,000 - 125,000oz -- It is important to note that ounces not produced this year are expected to be recovered in future mining periods. This is demonstrated in the attached diagrams of the key producing pit, KE, showing where the high grade ore remains at a depth below the current pit floor which was due to be mined in the original 2020 mine plan. This ore remains available and is currently being mined Up-coming news flow highlights: -- Drilling: A final drilling programme is being carried out at the Sanioumale East ("SE") deposit. Results to be released before year-end to complete Hummingbird's, to date, successful 2020 exploration and drilling campaign -- Kouroussa gold project, Guinea: Pre-development plans are continuing. The Company is awaiting the award of the mining license by the government to then move into the development stage of this exciting gold project once pre-development plans are complete -- Mineral resource model update: Once drilling at SE is finalised, Hummingbird will update the Yanfolila mineral resource models and aim to release those findings in Q1 2021 -- 2021 budget: The Company's 2021 budget is expected to be finalised in the coming weeks, with the aim to release in Q1 2021, including key findings and forecast estimates Dan Betts, CEO of Hummingbird, commented: "2020 has been a difficult and frustrating year. The harsh reality is that should we fail to meet guidance, no matter what the circumstances, it will be viewed as such and this is a fact that weighs heavily on the team. That said, I remain extremely proud of our people on the ground and all that they have overcome this year in challenging times. I do believe that Yanfolila, which will have paid off all its debt in the first half of next year, is well set up to deliver solid production for the years to come. Our exploration programme this year has produced many encouraging results which we are confident will contribute to additional resources being included into the mine plan to extend mine life. "On other matters, our pre-development plans at our new mine, Kouroussa, in Guinea continue and we are confident the mining license will be awarded soon. We will then move towards the development stage following completion of the pre-development plans of this exciting project, which will see us become a multi-asset producer in the coming years producing in excess of 200koz pa. Becoming a multi-asset producer is key not only for the Company's growth but also to mitigate single mine risks factors as demonstrated this year at Yanfolila. Further, we are finalising our 2020 exploration and drilling campaigns and look forward to releasing those updated results when finalised soon, followed by our updated mineral resource models in the new year."
backmarker: as gold is priced in $$ it is no help to HUM share price if the $ continues to fall, unless the PoG goes up. however, I would expect the PoG to 'compensate' if $ does fall. overall it might be good if the $ does continue to fall, as we can get cheaper chlorinated chicken and hormone-rich beef. and I might get a cheaper holiday in US.
bikwik: I follow 90 or so International gold (predominantly) and silver stocks on Sharescope and there were a lot of very nice upside reversal candlesticks last week......despite gold getting thumped a bit again on Friday. More on gold after this.... The reversals took the form of bull hammers (Franco Nevada, Kirkland Lake, Fresnillo, B2 Gold, Yamana Gold, Alamos Gold, Centamin, Galiano Gold, Fortuna Silver, Pan African) Also, Doji's (Resolute, Royal Gold, Osisko Gold Royalties, Sandstorm, New Gold). Not forgetting of course Hummingbird which had an VERY nice bull hammer. The longer the tail relative to the 'body', then the greater the bullish implications are. Hummingbirds was one of the best of those 90, if not the best.....The tail was 13 times!! longer than the body! So with it now also back over the bottom weekly bollinger band and having started to bounce from the bottom prong of Andrews pitchfork, then this really looks like an exceptional opportunity to load up! ......I already have. If one looks at gold stocks across the board, then you can clearly see the three cycles (like HUM) that have occurred since the March lows. Also, many of them have retraced around 38.2% (Fibonacci)of the March-August bull legs. That is bullish! The giant gold stocks like Newmont and Barrick have retraced either 38.2% (Barrick) or between 23.6% and 38.2% (Newmont). Plus many of them are VERY oversold. Clearly the investors buying and or holding them do not think the gold price is going down any further or maybe if so it won't be by much. In any event, a sustained recovery and new highs is what they are all looking for. Thats what the price action tells me. I think HUM should close higher by next Friday as well as many others. Gold may do this also. I think we may see record highs by January. December may be asking too much. GLA
wassapper: UKG - if you are unhappy with the share price, sell your huge holding and move on to something you like better. That is always the best strategy. I am not happy with the share price but there is nothing I can do about that, but I can do something about where my money is held. Are you frigging blind? All gold stocks are down since this false vaccine announcement. You just have to believe in the gold narrative (ie more stimulus, inflation etc) to wait for the price to get even higher, as well as the HUM narrative which now has three active projects as well as throwing off lots of cash. The fundamentals here are good and eventually you will get your 184,000 reward. Meantime show some consistency and balls, and stop boring us or move on.
temujiin: Overall, given the issues it seems solid enough, rain, coup and Covid obviously haven't helped with AISC, but production guidance maintained, some nice drilling results still coming in and net debt now at just $1m. Mixed bag seems about right ================== 26th October 2020 Hummingbird Resources plc ("Hummingbird" or the "Company") Q3 2020 Corporate and Operational Update Hummingbird Resources plc (AIM: HUM) is pleased to provide the following operational and trading update for the third quarter of 2020 ("Q3 2020"). Corporate Highlights -- Balance Sheet & Deleveraging: Cash of US$9 million at 30 September 2020 (US$6 million Q2 2020). Total bank debt of US$19 million, having been reduced by US$7 million during the quarter, bringing net-debt down to US$10 million. During the quarter US$5 million was spent on other items including: exploration programmes, expansionary capex ; and preliminary pre-development costs at the Kouroussa Gold Project in Guinea ("Kouroussa") -- Gold Inventory: 4,600 ounces ("oz") gold inventory on hand at 30 September 2020 valued at US$9 million which if included in the net-debt calculation as per above, reduces net debt to US$1 million -- Exploration and drilling: As outlined in the exploration and drilling release on 8(th) October, see here , Hummingbird is seeing further positive results, giving the Company confidence of the overall resource and life of mine potential at Yanfolila. These results can be seen in more detail below but include drill hole 16m @ 9.64 g/t from 47m depth from our Sanioumale East ("SE") deposit -- Continued development of Kouroussa: In line with the Company's stated strategy to be a multi asset and multi jurisdiction producer, work continues at pace with pre-development work plans at Kouroussa progressing well. Hummingbird is awaiting the award of the mining license to then begin development works which are expected early 2021 -- Progress at Dugbe Gold Project ( " Dugbe Project"): Joint venture partner Pasofino Gold Limited ("Pasofino") (TSX: VEIN) gained funding during the quarter and have now begun works to carry out and fund a definitive feasibility study ("DFS") and exploration works to earn-in its 49% stake in the project once these agreed milestones have been met. Pasofino is targeting two new exploration targets which is very encouraging. Recent progress updates from Pasofino can be found here . At the time of this release Pasofino's market capitalisation on the TSX was C$25.3 million. Production Highlights -- Production: 24,722 oz of gold poured in Q3 2020 (24,054 oz in Q2 2020) -- All in Sustaining Cash Cost ("AISC"): US$1,283 per oz for Q3 2020 (US$983 per oz AISC for Q2 2020) -- Gold Sales: 23,794 oz of gold sold in Q3 2020 at an average realised price of US$1,919 per oz -- TRIFR: Total Recordable Injury Frequency Rate ("TRIFR") at 0.91, meeting the Company's target of having a TRIFR lower than 2.5 -- Management changes: The Company made several managerial changes during the quarter to improve group operational performance, reporting lines and efficiencies. Edrich Welthagen was promoted to General Manager ("GM") at the Yanfolila Mine from Mine Manager. Additionally, Shaun Bunn SVP of Projects Delivery and John Meneghini, SVP Operations are reporting directly to the Executive Committee on an interim basis Post Period Highlights and Outlook -- Production: 2020 production guidance maintained at 110,000 - 125,000 oz. Now into the dry season, expectations are for a better quarter with realistic expectations for the full year to be at the lower end of guidance -- AISC: Extreme rainfall, the ongoing Covid pandemic and the temporary closure of the Mali border (now reopened) due to the coup caused logistical issues which had a negative impact on costs. Although some of these issues have been resolved, there will be an impact on full year cost guidance of US$995 oz -- Deleveraging : Debt reduction continues as planned and the Company remains on track for current bank loans to be fully repaid by 1H 2021 -- Exploration & Drilling success continues : Post quarter exploration and drilling results continue to be encouraging. N ew results from Sanioumale West ("SW" in reserves) and the initial results from SE (not in reserves) are very positive like the SW 15m @ 3.72 g/t from 47m depth hole and the SE 16m @ 9.64 g/t from 47m depth hole. See more details below -- Kouroussa: Hummingbird's pre-development plans are continuing. A key piece of work amongst other things being looked at is the Front-End Engineering Design analysis ("FEED") which is expected to be nearing completion by year end. The Company will give a more detailed update in early 2021 -- 2021 budgeting analysis: Hummingbird's 2021 corporate budget plans are being developed which it is excited about, this includes plans on: exploration & drilling for both Yanfolila and Kouroussa, Mine plans; Kouroussa development plans and operational efficiency improvements Dan Betts, CEO of Hummingbird, commented: "Despite a more difficult quarter impacted by some of the heaviest rains on record hitting site, compounding the already difficult logistical challenges imposed upon us through a combination of managing COVID-19 issues and the temporary closure of borders due to the military coup in Mali, we are now in the dry season, borders are back open and we are looking to have a strong finish to the year in terms of production. Importantly we continue to rapidly deleverage the Company's balance sheet with net debt (including gold on hand) approaching zero at the time of writing. This is a major milestone and a significant achievement for the Company. Our 2020 exploration programme has led to some stellar drill intersections particular at the Sanioumale West and East deposits and we are excited to model these and see the potential impact on the life of mine at Yanfolila. We continue to make solid progress at Kouroussa ahead of commencing construction of our second mine, which, when built, will see the Company as a circa 220,000 oz producer. Additionally, our important environmental and social governance initiatives continue to provide significant benefits for our local stakeholders." Yanfolila Operational Highlights To view the RNS with illustrative graphics please use this link: . Also, to view the Company's updated Q3 2020 Corporation presentation please visit the website at Environmental, Social & Governance ("ESG") Highlights -- No environmental incidents reported -- TRIFR for the period was 0.91 against a benchmark of 2.5 -- World Gold Council ("WGC"), Responsible Gold Mining Principles ("RGMP") internal committee was set up last quarter and is making solid progress with the ongoing GAP analysis on current work practices and policies in order to meet the WGC RGMP requirements for membership -- Hummingbird continues to manage its COVID 19 risks. Cases so far and new cases reported have showed mild or A-symptomatic symptoms and all previous case individuals have now fully recovered -- Tailing Storage Facility ("TSF") capital work improvements costing US$2 million for 2021 have been approved. Works to begin early Q1 2021 for completion before next year's wet season -- The Company have on order and is awaiting the delivery of a new medical COVID-19 testing machine, expected soon. This will allow the Company to rapidly test employees to assist in the overall management of the virus on-site and the surrounding areas
bubloo: bt do you get woken up from your hibernation everytime hum share price creeps up. weather is getting colder. Please go back to sleep and let hum holders alone and enjoy the ride.
temujiin: Credits to KaMei and OthodeLagery on LSE for the below info. I personally really like the potential of BH and think it could be a real asset if it goes back into production, or be flogged off at multiples of what HUM have put in. ================================ Bunker Hill Announces Debt Settlement With Hummingbird Resources GlobeNewswire Bunker Hill Mining Corporation ,GlobeNewswire•;October 9, 2020 Not For Distribution To United States Newswire Services Or For Dissemination In The United States TORONTO, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corporation (the “Company”;) (CSE:BNKR) is pleased to announce that it has reached an agreement with Hummingbird Resources PLC (“Hummingbird”) to settle its US$2,100,000 outstanding convertible loan (see Company's news releases of June 19, 2018, August 9, 2018 and June 24, 2019). Hummingbird agreed to convert the loan into common shares of the Company at a price of $0.50 per Common Share. Sam Ash, CEO of Bunker Hill, said: “We are delighted to settle this debt with one of our longstanding supportive investment partners, Hummingbird, in a manner that reaffirms their confidence in our value-creation strategy. Both parties agree that Bunker Hill’s cash reserves are best utilized to progress the ongoing high grade silver exploration program. Drilling is advancing on schedule and we look forward to providing first drill results in a few weeks’ time”. The parties have agreed that, upon the completion of the debt settlement, the original loan agreement will terminate. It is expected that, upon the completion of the debt settlement, subject to receipt of the requisite approvals, the Company will issue 5,572,980 Common Shares to the Hummingbird. Any securities issued in connection with the debt settlement will be issued in reliance on certain prospectus and registration exemptions under applicable securities legislation and will be subject to customary hold periods under thereunder.
redtrend: There is no environmental liability on Bunker Hill, they are indemnified by the DoJ. Any potential environmental liability going forward is the same for any other mine operation and they will continue to be indemnified for all historical pollution and present pollution caused by previous mining. It's a huge silver and zinc play with world beating grades in a safe jurisdiction with infrastructure, roads and easily trained workforce on the doorstep. The Capex is in same ballpark as Yanfolila and Kouroussa ($100m), with even better earnings potential now silver is $26oz. It's shame at the time more PIs didn't understand what a good project this could be (a huge silver play) as HUM could have taken a bigger shareholding. I was pretty much the lone voice singing it's praises (not the mis-handling of the original HUM loan though). Whilst I contact the company regularly as I have a large shareholding and was one of the only PIs to attend the 2019 AGM, on this occasion I do not need to contact them as it's in B&W in the Accounts. It's not guidance, it's clear they are following the WGC definition: "all-in sustaining costs per ounce are non-GAAP financial measures which are calculated based on the definition published by the World Gold Council (“WGC”)" (pg.31 of 2019 Accounts)." On PE ratios I agree with HUM 5-6yr mine life and even though we LTHs know it will be "rolled over" for many more years, the "market" as a whole will never value it on a PE more than the formal verified mine life. For my own purposes I currently use a ballpark PE of 5 for all of HUM (which undervalues the LoM extensions and all other assets, but like to be conservative with current risks). Only when HUM hits Net Cash position, Kourossa, Dugbe, Cora and/or BH really kick up a gear could it be valued on a far higher PE, or if gold miners reach a "parabolic" phase and PE ratios really take off. Also with the uncertain Mali political situation and ECOWAS still required to agree from sanctions perspective whatever Mali transitional President is nominated, this could hold back the share price. Let's hope the Mali military chose a public non-military figure. It's good ECOWAS have agreed to the 18 months transition though and even the sanctions may not be impacting miners, as some articles I read seem to infer normal cargo is getting through (albeit have not been able to verify this myself yet). With the huge build-up in inventories, stocks, spares, chemicals and other costs in Q2 2020, I'm hoping "free cashflow" in Q3 2020 will actually be more in line with Gold price achieved minus AISC this quarter, once interest costs + capex are deducted. With Net Debt at $12m (when you include gold inventory), could we finally in Q3 change from Net Debt to Net Cash?
temujiin: The write up in Shares Mag that GoodGrief referred to, I've lifted from LSE's poster Brucey6onus Shares Magazine Article THE STOCK TO BUY Hummingbird Resources (HUM:AIM) Like most gold miners, Hummingbird has had a good 2020 as reflected in its share price, yet it still trades on less than five times forecast earnings. Last week it revealed it had paid down a chunk of its debt and reiterated its commitment to having no borrowings by July 2021, consistent with the consensus forecast on SharePad. The firm’s all-in sustaining cost of production is $995 per ounce while gold is trading at nearly twice that level. A key risk to the share price is that one of its mines is in Mali, where there has recently been unrest, but for gold investors political risk is not that unusual. Quite a few analysts are excited by the company including Canaccord Genuity’s Sam Catalano who likes the look of the Kouroussa gold project in Guinea that Hummingbird has just bought. ‘We believe the acquisition and development of the Kouroussa project can be entirely funded through internal cash flow,’ said Catalano, commenting before the deal completed on 1 September. ‘Successful completion of the proposed Kouroussa acquisition should provide meaningful value accretion for existing holders (20p-30p/share) as well as broadening Hummingbird’s appeal to a larger range of investors through operating life extension, doubling of output to more than 200,000 ounces per year, and becoming a multi- asset producer.’
Hummingbird Resources share price data is direct from the London Stock Exchange
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