Hummingbird released its Q4 production numbers with 33,892ozs of gold poured (30,484 ozs in Q3/19). This brought 2019 production to 115,649oz which was within guidance of 110-125,000ozs. It was just below our 119,000oz modelled but there was still 2,900oz in inventory (2,800ozs in Q3). Alongside an increase in production was a reported decrease in unit costs with a Q4 AISC of US$839/oz (US$849/oz AISC in Q3/19). This was ahead of our expectations and hopefully should continue into 2020 and make next year a steadier period for Hummingbird.