Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Hummingbird Resources (LON: HUM) has restarted operations at its Yanfolila gold mine in Mali following an improvement in the security situation that forced the company to halt operations at its only producing mine earlier this week.
The company said the Malian government had intervened to clear illegal roadblocks and restore public order in the region.
“All employees and contractors have been safely accounted for with national Mali government personnel remaining in place as the Yanfolila mine begins ramping back up to normalized production levels,” it said.
Hummingbird warned on Monday the stoppage will affect full-year production, placing it below the bottom end of the 2021 guidance range. The miner had expected to produce between 100,000 to 110,000 ounces of gold from Yanfolila this year.
The mine is located in southern Mali, near the border with Guinea.
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Timothy'A Agbedor
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