Hummingbird Resources production rises in Q3 despite adverse weather

07:59 21/10/2019
StockMarketWire.com - Hummingbird Resources reported an uptick in production in the third quarter of the year shrugging off adverse weather, which had weighed on output a year earlier.

For the quarter ended 30 September 2019, production increased to 30,484 ounces from 27,466 ounces in the second quarter at an all in sustaining cost of US$849 an ounce, down from $998 an ounce.

The company sold 30,373 ounces of gold at an average price of US$1,422 an ounce. 'Q3 2019 is the wettest quarter of the year and we are particularly pleased with how the team has managed this period during the quarter, especially when compared to the corresponding period last year. We anticipate Q4 to be another good quarter and we are maintaining our production guidance of 110-125,000 ozs of gold production for 2019,' the company said.



Story provided by StockMarketWire.com

Forex

Commodities

What the Papers Say

telegraph financial times daily mail daily express independent times
11:30 House prices to rise by £35,000 on...
source: The Daily Mail
11:29 Unilever chairman steps down after U-turn...
source: The Daily Mail
11:28 Toshiba launches offers for three listed...
source: FT.com
11:24 Tencent profits fall as threat from...
source: FT.com
11:23 The £65,000 Range Rover Sport is the...
source: The Daily Mail
11:20 UK inflation hits three-year low; London...
source: The Guardian
11:19 Wary investors edge back into European...
source: FT.com
11:14 New Land Rover Defender revealed in No...
source: The Daily Mail
11:13 House prices to rise by £35,000 on...
source: The Daily Mail
11:02 FTSE LIVE: Wetherspoon boss hits out at...
source: The Daily Mail
[more ...]