The company has begun working towards the first PEA on the Altar project, to be completed in the second quarter of 2025.
The miner said the deal and other 2024 sales will raise $3.6 billion.
The mine’s four-week trailing average production reached almost 1,900 ounces, below the 2,000 to 2,500 ounces range Hummingbird expected.
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
