0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

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Lower revenue, higher costs dent Hummingbird’s (LSE:HUM) bottom-line in H1FY24. Can we expect a turnaround in H2?

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Highlights

Hummingbird Resources PLC (LSE: HUM) is a UK-based company focused on exploring, developing, and operating mineral projects. It has two major assets, the Kouroussa Gold Mine in Guinea and the operational Yanfolila Gold Mine in Mali. 

In H1 FY24, Hummingbird reported revenue of USD 65.13 million, a decrease of 36.9% compared to USD 103.19 million in H1 FY23. This decline was primarily due to a lower quantity of gold sold, although it was partially offset by higher average realized prices.

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