Corica Mining Services suspended Kouroussa gold mine operations due to non-payment by Hummingbird Resources.
Corica Mining Services, a contractor working at Hummingbird Resources' Kouroussa gold mine in Guinea, suspended mining operations due to non-payment of $27m by Hummingbird and failure to provide a company deed of guarantee. Corica is demanding the deed and outstanding monies to be paid within 28 days for operations to resume. This dispute may impact Hummingbird's production guidance and cash flows.
March 19, 2024
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