Aim-listed Hummingbird Resources has secured a four-year $60-million senior secured term debt facility with West Africa-based Coris Bank International to fund the ongoing construction of the Yanfolila gold mine, in Mali. The new debt agreement replaced the funding line previously anticipated with Taurus and provided the company with sufficient working capital to complete the mine build at Yanfolila at a lower cost and without any royalty commitment, said Hummingbird CEO Dan Betts.
