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Hummingbird Resources PLC - gold production, development and exploration focused on West Africa - Says gold production in its first quarter ended March 31 fell 14% to 15,548 ounces from 18,181 ounces in the final quarter of 2021. Says this was as expected due to essential maintenance work on the processing plant. Says all-in sustaining cost rise 24% to $2,235 per ounce from $1,803 per ounce, primarily due to the lower quarterly production. Sells 15,179 ounces of gold sold in the first quarter at an average realised price of $1,837, reflecting an 18% decrease from 18,489 ounces sold in the last quarter and a 3% reduction from the average realised price of $1,782. Maintains its 2022 guidance of 87,000 to 97,000 ounces of gold, with all-in sustaining costs of $1,300 to $1,450 per ounce of gold.
Current stock price: 14.14 pence, down 19% on Monday
12-month change: down 32%
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