Banro is pleased to announce completion of an updated Economic Assessment for its Namoya Project, located on the Twangiza - Namoya gold belt in the Democratic Republic of the Congo. Highlights for the Namoya Phase I gravity heap leach project include: Post tax net present value of US$366 million based on a 10% real discount rate and a gold price of [...]
Banro is pleased to announce positive initial exploration results from the Company's wholly-owned Kamituga project, located on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo. Highlights of the initial trench results received from the Mobale and Kibukila prospects at Kamituga are 18.0 metres grading 3.06 g/t Au in trench [...]
Banro is pleased to announce an increase in mineral resource estimates for its wholly-owned Namoya project located on the Twangiza-Namoya gold belt in the Democratic Republic of Congo. Estimated measured and indicated mineral resources have increased by 39.0% to 1.58 million ounces of gold (24.77 million tonnes grading 1.99 g/t Au with a cut-off [...]
- Measured and Indicated (M&I) Mineral Resources Now Estimated to Be 24.77 Million Tonnes Grading 1.99g/t Au Containing 1.58 Million Ounces of Gold Plus an Inferred Resource of 9.47 Million Tonnes Grading 1.44g/t Au Containing 440,000 Ounces of Gold
Banro is pleased to provide an update on its wholly-owned Twangiza oxide gold mine in South Kivu Province, Democratic Republic of the Congo, which is in the process of ramping up to full production in the first quarter of 2012, as originally scheduled. Following Twangiza's first gold pour in October 2011, the mine and plant continue to gear up to [...]
- Start-up phase production approximately 2,800 ounces to date
- Expect steady state production of 120,000 ounces/year
- Mine construction at Namoya scheduled to begin Q1 2012
TORONTO, ONTARIO -- (Marketwire) -- 12/21/11 -- Banro Corporation ('Banro' or the 'Company') (NYSE Amex: BAA)(TSX: BAA) is pleased to provide an update on its wholly-owned Twangiza oxide gold mine in South Kivu Province, Democratic Republic of the Congo (the 'DRC'), which is in the process of ramping up to full production in the first quarter of 2012, as originally scheduled.
TORONTO, ONTARIO -- (Marketwire) -- 12/13/11 -- Banro Corporation ('Banro' or the 'Company') (NYSE Amex: BAA)(TSX: BAA) is pleased to announce that the Banro Foundation, a registered charity in the Democratic Republic of the Congo (the 'DRC'), has completed its most successful year to date with completion of projects totalling approximately
