Finance

Coris Bank Boosts Hummingbird Resources with $25mln for Yanfolila Gold Mine

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.

On the same topic
MobileMoney Fintech CEO says company may list within 3–5 years Listing would allow users to invest in the company via mobile channels Ghana’s stock...
Government begins third 100-day performance review on April 20, 2026 GDP growth projected to rise from 9.2% to 10.2% Industry, services and...
Fitch says debt restructuring could come before any new IMF program Public debt near 91% of GDP keeps pressure on finances LNG project fuels...
Central bank aims to limit cash dollar transactions and promote digital payments Policy targets informal dollar flows and seeks removal from FATF...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
04

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
05

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.