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Banro reports record quarter for gold production

Apr. 06, 2015 2:58 PM ETBanro Corporation (BAA) StockBy: Carl Surran, SA News Editor
  • Banro (NYSEMKT:BAA +14.9%) says its Twangiza gold mine in the Democratic Republic of the Congo achieved record production of 35.9K oz. of gold during Q1, a 78% Y/Y increase over slightly more than 20K oz. produced in Q1 2014.
  • BAA says process plant throughput achieved 101% of the 1.7M metric tons/year design capacity and three quarters of consistent incremental improvement.
  • Together, Twangiza and Namoya, also in the DRC, produced ~45.2K oz. of gold in Q1.

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