Hummingbird increases Q3 output, grade; achieves lower costs

• Hummingbird Resources (OTCPK:HUMRF +4.4%) reports Q3 production of 30,484 ounces at an AISC of $849/oz, compared with 27,466 ounces at an average AISC of $998/oz in Q2.
• Additionally, the company achieved a higher average grade of 3.23 g/t gold, compared with 2.86 g/t gold in Q2.
• During the quarter, the company commissioned a second ball mill, which increased plant throughput by 20%.
• The company maintains its production guidance of between 110,000 oz - 120,000 oz for the full-year.
• “Hummingbird remains an unhedged gold producer offering our shareholders full exposure to the current strong gold price and a strengthening financial outlook as we forecast to become debt free by the end of 1H 2021,” CEO Dan Betts commented