Hummingbird Resources receives mining licenses for Kouroussa Gold Project globalminingreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalminingreview.com Daily Mail and Mail on Sunday newspapers.
Hummingbird secures mining licences for Guinean gold project 21 May 2021 (Last Updated May 21st, 2021 09:37)
The Government of Guinea has approved Hummingbird Resources’ Kouroussa Gold Project.
Share Article
Hummingbird Resources has secured mining licences from the Government of Guinea for the Kouroussa Gold Project.
The licences include a 15-year, renewable licence term; a 5% royalty payable to the federal government; a 1% contribution to a local development fund; and a 30% tax on profits.
The firm should commence mine construction work within a year.
Hummingbird formally assumed ownership of the Kouroussa project from Cassidy Gold in September 2020.
The grant prompts the need for the firm to pay £10m in initial consideration to Cassidy Gold, raised through the issue of more than 35.2 million shares in Hummingbird at 28.4p a piece.
Malijet RAMADAN 2021 : La ruptures de jeûne de la cité Universitaire de Badalabougou organisée par le CENOU placée sous le signe de la non-violence Bamako Mali malijet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malijet.com Daily Mail and Mail on Sunday newspapers.
RAMADAN 2021 : La ruptures de jeûne de la cité Universitaire de Badalabougou organisée par le CENOU placée sous le signe de la non-violence mali-web.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mali-web.org Daily Mail and Mail on Sunday newspapers.