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it talks with the main contractor at its Kouroussa gold mine in Guinea are progressing, adding it hopes the case will soon be close.
Shares in Hummingbird jumped as much as 17% in early London trading to 7.96p, leaving the company with a £59.4 million market capitalization. Hummingbird took on a $55 million loan with Coris Bank in September, pledging to cut $122.8 million in debt over three years starting with a $77 million debt repayment by the end of this year. mainly through a share placement at an average price of 11.26 pence per share with shareholders, including 45% shareholder CIG, an investment bank.
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