Q1 - Results - Net cash positive second halfhttps://polaris.brighterir.com/public/hummingbird/news/rns/story/w05g6lr
Corporate Highlights at 31 March 2020
· Liquid assets (cash and gold) of $25m ($14m at end Q4 2019)
o Cash of US$8m (US$9m at end of Q4 2019)
o 11,000 ozs of gold inventory on hand (2,900 oz at end Q4 2019) worth approx. US$17m at 31 March 2020 gold price
· Bank debt of US$34m, repaying US$6m + interest in the current quarter (US$40m at end of Q4 2019)
...
Outlook
· 2020 production guidance of 110,000 - 125,000 ozs maintained
· On track for targeted net cash position in H2 2020, with zero debt by end of H1 2021
· Exploration programme targeting improved mine plan