TIDMHUM
RNS Number : 3725G
Hummingbird Resources PLC
15 November 2022
15 November 2022
Hummingbird Resources plc
('Hummingbird' or the 'Company')
WGC RGMP Full Compliance Achieved
Hummingbird Resources plc (AIM: HUM) is pleased to announce that
the Company has achieved Full World Gold Council ("WGC")
Responsible Gold Mining Principles ("RGMP") compliance, within the
shortest possible timeframe at both Corporate and Yanfolila site
level.
Hummingbird Resources plc ("Hummingbird" or the "Company") is
committed to operating responsibly with strict environmental,
social and governance ("ESG") protocols and practices. To
demonstrate that commitment, Hummingbird joined the WGC as a member
company in June 2020, and on 04 September 2020, as part of its
support of international best practices, the Board of Hummingbird
declared its intent to adopt the RGMPs and to work towards the
September 2022 full conformance deadline.
Hummingbird is proud to report that, after the self-assessment
process, the Company has now fully implemented and often gone
beyond the underlying systems, policies and procedures required for
full Year 3 compliance with the RGMP requirements.
Hummingbird worked with its external assurance provider, which
obtained the evidence, information and explanation, considered
necessary in relation to the assurance scope, and was satisfied
that Hummingbird's conformance with the principles was fairly
stated based on the procedures performed and evidence obtained.
The 2022 Annual Report on the Implementation of the Responsible
Gold Mining Principles (the "Report"), can be found here , and full
disclosure can be found in the Appendix to the Report, which
provides a detailed RGMP activity table, references to relevant
policies and management systems, together with further planning for
ongoing improvement.
In conformance with the RGMPs, the Report is limited assured by
an external independent assurance provider. Please click here for
the Independent Limited Assurance Report from RSM UK Risk Assurance
Services LLP with further details available on the Company's
website in the responsible mining section.
Chief Strategy and ESG officer Edward Montgomery commented:
"Adopting the WGC RGMPs is a key part of Hummingbird's strategy
for building a long term, sustainable mining company. Meeting and
exceeding these requirements within the shortest timeframe possible
demonstrates our continued commitment to the highest standard of
ESG performance, which is a key part of our dedication to building
a lasting positive legacy in the regions and communities in which
we operate .
"As a result of the auditing process, the Company has
benchmarked, and in some cases improved, our ESG practices. The
process has instigated further commitments to developing the
Kouroussa project in compliance with the same strict WGC RGMP's as
well as inspiring other projects like the Company's industry
leading Kouroussa Green Energy Project and potential solar projects
at Yanfolila which highlight Hummingbird's ongoing commitment to
ESG protocols and practices. Implementing the RGMPs enables
Hummingbird to evidence a greater level of accountability and
transparency, in line with the increasing expectations of our
stakeholders.
We are pleased with the progress made so far and the steps being
taken to improve our management systems and responsible business
protocols and practices and we are very proud to have achieved full
conformance with the RGMP requirements at both corporate and
Yanfolila site level. At Hummingbird Resources we are committed to
demonstrating that responsible gold mining can play a progressive
role and build a lasting positive impact whilst delivering
sustainable returns to our shareholders."
Background on the RGMPs
In September 2019 the World Gold Council launched the RGMPs to
provide a sustainable reporting framework that supports
international best practice in addressing key ESG requirements as
to what constitutes responsible gold mining via ten umbrella
principles and 51 detailed principles. Member companies have up to
three years to fully comply with the RGMPs and are required to
obtain annual external assurance on their performance and
conformance.
Hummingbird is committed to operating responsibly with strict
ESG protocols and practices. To further demonstrate that
commitment, Hummingbird joined the WGC as a member company in June
2020. On 4 September 2020, the Company declared its intention to
adopt the ten umbrella principles and 51 detailed principles of the
RGMPs and work towards the September 2022 full conformance
deadline, which was successfully achieved.
**ENDS**
For further information please visit
www.hummingbirdresources.co.uk or contact:
Daniel Betts, Hummingbird Resources Tel: +44 (0) 20 7409
CEO plc 6660
Thomas Hill,
FD
Anthony Kocken,
COO
Edward Montgomery,
CSO & ESG
James Spinney Strand Hanson Limited Tel: +44 (0) 20 7409
Ritchie Balmer Nominated Adviser 3494
---------------------- ---------------------
James Asensio Canaccord Genuity Tel: +44 (0) 20 7523
Gordon Hamilton Limited 8000
Broker
---------------------- ---------------------
Bobby Morse Buchanan Tel: +44 (0) 20 7466
George Cleary Financial PR/IR 5000
---------------------- ---------------------
Notes to Editors:
Hummingbird Resources plc (AIM: HUM) is a leading multi-asset,
multi-jurisdiction gold production, development and exploration
Company, member of the World Gold Council and founding member of
Single Mine Origin (www.singlemineorigin.com). The Company
currently has two core gold projects, the operational Yanfolila
Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which
will more than double current gold production when production,
scheduled for first gold pour end of Q2 2023. Further, the Company
has a controlling interest in the Dugbe Gold Project in Liberia
that is being developed by Pasofino Gold Limited through an earn-in
agreement. The final feasibility results on Dugbe showcase 2.76Moz
in Reserves and strong economics such as a 3.5-year capex payback
period once in production, 14-year life of mine at a low AISC
profile of US$1,005/oz. Our vision is to continue to grow our asset
base, producing profitable ounces, while central to all we do being
our Environmental, Social & Governance ("ESG") policies and
practices.
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END
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