Hummingbird Resources
Hummingbird Resources is a private West African gold producer operating the Yanfolila open-pit mine in southern Mali, taken private in March 2024 by Mansa Resources/Nioko Resources Corp and now ramping up gold production under a 2025 Mali government agreement.
- Company typePrivate
- Founded2010
- HeadquartersPetaling, Malaysia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Hummingbird Resources does
Hummingbird Resources is a West African gold producer whose sole operating asset is the Yanfolila open-pit gold mine in southern Mali, commissioned in 2017. The company was founded around 2010 as a gold exploration and mining business, listed on the London Stock Exchange, and was taken private in March 2024 when Mansa Resources Ltd — backed by Idrissa Nassa's Nioko Resources Corp — acquired the company and assumed control of two former Hummingbird assets. The legal entity, Hummingbird Resources Plc, is UK-domiciled, while operational headquarters sit with the Yanfolila mine.
The company's core product is gold produced from open-pit mining at Yanfolila, with underlying activity covering exploration, mine development, and responsible mining operations across the license area. Strategic emphasis is on extending mine life through evaluation of underground potential at the Komana East deposit and on greenfield/brownfield exploration across the broader concession, alongside a second asset footprint in Guinea. Through affiliate HBL, Hummingbird also retains an approximately 50.9% controlling stake in Pasofino Gold, which is developing the Dugbe Gold Project in Liberia. A landmark January 2025 agreement with the Government of Mali, aligned with Mali's 2023 Mining Code, provides the regulatory framework underpinning these ambitions.
Hummingbird generates revenue by selling gold into global commodity markets; pricing is market-based rather than contracted or tiered. Go-to-market is conducted through regulatory news service (RNS) announcements, direct investor and media email contacts, and a website enquiry channel. In August 2024 the company closed a $25 million refinancing package with Coris Bank International — its largest shareholder — at a 12% interest rate over 24 months to fund the Yanfolila production ramp-up. Customer segments are not enumerated at the buyer level; the primary end-market is the global gold commodity complex, served from a single producing asset.
Hummingbird Resources firmographics
Firmographics- Name
- Hummingbird Resources
- Legal name
- Hummingbird Resources Plc
- Website
- https://hummingbirdresources.co.uk
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Hummingbird Resources is a private West African gold producer operating the Yanfolila open-pit mine in southern Mali, taken private in March 2024 by Mansa Resources/Nioko Resources Corp and now ramping up gold production under a 2025 Mali government agreement.
- Ownership category
- akta.pro rank
Hummingbird Resources industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222), Metal Ore Mining (2122)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Hummingbird Resources is headquartered
LocationHeadquarters
- HQ city
- Petaling
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
Hummingbird Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Others
Revenue model
- Gold Production and Sales: Revenue generated from gold mining operations at the Yanfolila Gold Mine in Mali, selling gold produced through open-pit mining activities as a commodity.
Distribution channels1 record
Marketing channels3 records
Hummingbird Resources product offering
Product offeringCore offering
Hummingbird Resources operates the Yanfolila Gold Mine, a premier open-pit gold mine in southern Mali commissioned in 2017, producing high-grade gold for sale into global commodity markets. The company also conducts mineral exploration across its license area, including evaluation of underground potential at the Komana East deposit, and holds a ~50.9% controlling interest in Pasofino Gold's Dugbe Gold Project in Liberia.
Product overview
Hummingbird Resources is a private Mali-focused gold producer operating a single core asset: the Yanfolila Gold Mine. The mine, an open-pit operation in southern Mali commissioned in 2017, is the company's primary product generating gold production. The company is transitioning to private ownership to enable long-term operational focus and accelerate sustainable production growth in Mali's mining sector.
Differentiator
Problem solved
Functional benefit
Products and services
- Yanfolila Gold Mine Premier open-pit gold mine in southern Mali, commissioned in 2017, delivering high-grade gold production for global commodity markets. The asset is the cornerstone of the company's operations and supports mine-life extension through underground potential evaluation at the Komana East deposit and exploration across the broader license area.
Companies that use Hummingbird Resources
Customer profileSegments1 record
Ideal customer profiles1 record
Hummingbird Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Hummingbird Resources partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Government of MaliflagshipLandmark agreement finalized with the Government of Mali in January 2025, structured in alignment with Mali's 2023 Mining Code. This establishes a clear collaborative framework for operations at Yanfolila Gold Mine, ensuring regulatory certainty and reinforcing responsible and sustainable development commitments.
Scale indicators3 records
Recent moves7 records
Expansion highlights5 records
Hummingbird Resources competitors and assessment
Company assessmentBroad incumbents
- Gold Fields: Major gold producer operating Tarkwa and Damang in Ghana. Less specialized to Mali specifically but a broad incumbent in West African gold mining with overlapping geological setting, customer base (global gold markets), and operational discipline benchmarks.
Direct peers
- Avesoro Resources: Smaller West African gold producer operating New Liberty in Liberia and historically Youga in Burkina Faso. Closely comparable in scale and asset profile to Hummingbird, with similar single/junior-asset dynamics and West African jurisdictional exposure.
- Resolute Mining: West African gold producer historically operating the Syama mine in Mali and Mako in Senegal. Directly comparable mid-tier gold peer in the same regional geographies and exposed to similar Mali jurisdiction dynamics.
- Endeavour Mining: Largest pure-play West African gold producer with multiple operating mines across Côte d'Ivoire, Burkina Faso, and Senegal. Directly comparable as a multi-asset West African gold operator competing for the same talent, capital, and offtaker relationships in the same jurisdictions.
- Perseus Mining: West African gold producer with Edikan in Ghana and Sissingué in Côte d'Ivoire. Directly comparable as a multi-asset, West African-focused mid-tier gold producer with similar geological and jurisdictional exposures.
- AngloGold Ashanti: Operates the Siguiri mine in Guinea, making it a direct regional peer for Hummingbird's Guinea project. Also exposes it to the same West African gold market and operating conditions as Yanfolila.
- IAMGOLD: Mid-tier gold producer with the Essakane mine in Burkina Faso and significant West African footprint. Directly comparable as a West African-focused gold producer exposed to the same regional and Birimian geology.
- Barrick Gold: Operates the Loulo-Gounkoto complex in Mali, one of the largest gold operations in the country and a direct operational peer in the same Malian mining jurisdiction. Comparable in product (gold) and end-market but materially larger in scale.
- B2Gold: Operates the Fekola Gold Mine in Mali, directly comparable to Hummingbird's Yanfolila mine in terms of jurisdiction, asset type, and offtake market. Multi-asset West African gold producer with comparable cost and operational profile.
Emerging players
- Pasofino Gold: Junior developer of the Dugbe Gold Project in Liberia; Hummingbird Resources (via affiliate HBL) holds approximately 50.9% of Pasofino. Comparable as a West African gold developer at an earlier stage than Yanfolila, and an affiliate relationship adds a secondary value-creation pathway for Hummingbird.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Hummingbird Resources social profiles
Digital presenceHummingbird Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hummingbird Resources leadership team
Management profileNumber of profiles
Profiles5 records
Hummingbird Resources funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hummingbird Resources M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hummingbird Resources
What does Hummingbird Resources do?
Hummingbird Resources operates the Yanfolila Gold Mine, a premier open-pit gold mine in southern Mali commissioned in 2017, producing high-grade gold for sale into global commodity markets. The company also conducts mineral exploration across its license area, including evaluation of underground potential at the Komana East deposit, and holds a ~50.9% controlling interest in Pasofino Gold's Dugbe Gold Project in Liberia.
Is Hummingbird Resources a public or private company?
Hummingbird Resources is a private company. It is classified as corporate owned and is currently operating.
When was Hummingbird Resources founded?
Hummingbird Resources was founded in 2010. It employs 101 to 250 people.
Where is Hummingbird Resources based?
Hummingbird Resources is headquartered in Petaling, Malaysia, in the Asia region.
How does Hummingbird Resources make money?
One revenue line is on record: gold Production and Sales.
Who are Hummingbird Resources's main competitors?
Gold Fields is listed as a broad incumbent. Direct peers are Avesoro Resources, Resolute Mining, Endeavour Mining, Perseus Mining, AngloGold Ashanti, IAMGOLD, Barrick Gold and B2Gold. Pasofino Gold is listed as an emerging player.
Does Hummingbird Resources have an API?
No public API is recorded for Hummingbird Resources.
What industry is Hummingbird Resources in?
Hummingbird Resources's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining. Its NAICS code is 21222 and its SIC code is 1040.