Coris Bank Boosts Hummingbird Resources with $25mln for Yanfolila Gold Mine
Monday, 19 August 2024 17:49
Coris Bank continues to be a major financial partner for West Africa's gold mining sector, having previously supported the construction of the Kiaka and Kouroussa gold mines in Guinea. The bank has now renewed its support for Hummingbird Resources, which owns the Yanfolila gold mine in Mali.
Hummingbird Resources announced today it has received an additional $25 million from Coris Bank. This new financing arrangement has a term of 24 months and an annual interest rate of 12%.
Dan Betts, CEO of Hummingbird Resources, described the refinancing as a significant step in enhancing the company’s financial resilience. He also expressed appreciation for Coris Bank's ongoing support and constructive relationship, which has been crucial in overcoming recent challenges and fostering Hummingbird’s growth.
Coris Bank remains one of the leading financial partners for gold mines in West Africa. Earlier this year, the bank, led by Idrissa Nassa, was involved in fundraising for the Kiaka gold mine and the expansion of the Bomboré gold mine in Burkina Faso.
Live News
-
Malawi: Over 85% of Schools Remain Without Internet Access in 2026
08:40
-
Dakar Port Traffic Jumps in 2025 as Imports and Exports Rise
08:39
-
Zimbabwe Gold Producer Caledonia Stays on Track Despite Slow Start
08:36
-
Morocco’s Cap Holding Secures Control of Forafric in Strategic Milling Deal
08:35
-
South Africa’s AI Diagnostics Uses AI Stethoscope to Screen for Tuberculosis
03:46
-
Tiger Brands’ Exit from Chococam Enters Final Phase, Awaiting Three Regulatory Approvals
21:05
-
Women’s cooperatives in northern Togo receive UNDP-backed farm equipment
20:36
-
Algeria Unveils First AI and Cybersecurity Start-up Cluster
18:45
-
In Cameroon, Pope Leo XIV’s Call for Youth Investment Meets a Nation Already Betting Billions on Young Entrepreneurs
16:54
-
IMF Sets Out Financial Sector Reforms to Channel Credit to Cameroon’s Private Sector
15:37
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
85.8% of Malawi’s 8,939 schools lack internet access despite national digital ambitions. Nearly 47% of schools have no electricity, making...
Total traffic rose to 29.66 million tonnes in 2025, up from 24.58 million tonnes in 2024. Liquid bulk volumes surged 108%, while imports and...
Caledonia Mining reported lower Q1 2026 output at Blanket mine but maintained full-year guidance. The company targets 72,000–76,500 ounces...
Cap Holding secured approval to acquire 68% of Forafric Maroc, a major wheat processor. The deal strengthens Cap Holding’s position across...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...