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
-
BOAD Grants CFA10 Billion to Revive Boungou and Wahgnion Gold Mines in Burkina Faso
20:04
-
Cocobod Will Fulfill Remaining Cocoa Contracts Deferred to the 2025/2026 Harvest
19:47
-
Amr Gamal Digitizes Fleet Finance Management in Egypt
19:25
-
Ghana Eyes TikTok Partnership to Train One Million Coders
19:08
-
Dangote Outlines New Timelines for Its Refinery and Fertilizer Operations’IPOs
18:48
-
With Tym, Mohamed Khalil Ben Chebil Reinvents Workplace Collaboration in Tunisia
17:50
-
‘Made in Cameroon’ Takes Center Stage at 9th Yaoundé Agriculture Fair
14:52
-
CEMAC Zone’s Regulatory Vacuum Slows Fintech Growth in Digital Assets
14:20
-
CCI-Togo Launches “Entrepreneurs Mag” to Spotlight Private Sector
13:52
-
Togo Launches CFA8.3bn Project to Boost Social Services in the Savanes
11:25
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina Faso acquired both mines in 2024 but has struggled to...
• Ghana’s Cocobod announces plan to fulfill 100,000 tons of delayed contracts during the 2025/2026 harvest.• Production fell sharply in 2023/2024 due to...
• Government plans to leverage TikTok’s popularity to promote its “One Million Coders” initiative. • STEM content on TikTok seen as key to engaging youth...
• The reason behind this adjustment has not been detailed• Investor will be looking forward the operation’s prospectus• The IPO would occur amid business...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...
The Senegambian stone circles stand as one of the most remarkable archaeological legacies in West Africa, spread across parts of present-day Senegal and...