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Hummingbird appoints mining contractor for Yanfolila gold project
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Hummingbird Resources Plc appointed Ausdrill Ltd. subsidiary African Mining Services as mining contractor for its Yanfolila gold project in Mali.
Construction at the mine is underway, and the first gold pour is expected to occur in 2017, the company said on Dec. 29.
Total CapEx for Yanfolila is US$88 million, and the project is fully funded after the company secured a US$45 million senior secured term facility and a US$10 million cost overrun facility.