Hummingbird to sell single mine origin gold coins
Hummingbird Resources
10.00p
16:55 10/05/24
Hummingbird Resources announced on Tuesday that, in line with the imminent commencement of gold production from its Yanfolila Gold Mine in Mali, it will be producing single mine origin pure gold coins, originating from Yanfolila, called the ‘1oz Hummingbird’.
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The AIM-traded company said the 1oz Hummingbird would be part of a collection of seven coins to be launched officially in 2018, offering the “rare opportunity” to own an item of single mine origin gold.
In line with equator principles, the board said each coin would seek to exemplify Hummingbird's commitment to quality and best practice.
For every ounce of gold Hummingbird produces from Yanfolila, the company would be investing in its community-based projects across West Africa, it added.
“The 1oz Hummingbird is intended to be a collectable coin minted with the portrait of Musa I of Mali, the richest man in history,” Hummingbird explained in its statement.
“The collection will comprise of six other coins representing Hummingbird's industry, journey and company values - explore, develop, mine, produce, community, and conserve.”
It said full sets of seven gold coins would be presented in a commemorative box, and all coins would be priced based on the spot gold price at the time of purchase.
“Hummingbird is prepared to purchase any sold coins directly back from the customer for 98% of the spot gold price at the time of the re-purchase.”