Banro Corporation (Banro) is a Canadian gold company with production from it's first gold project, Twangiza. Banro is also focused on the developement of it's second open pit project Namoya and is undertaking exploration on two further fully permitted and licensed projects, Kamituga and Lugushwa.
Banro's Namoya gold mine construction is on track for completion in Q3 2013 with first gold anticipated in Q4 2013.
The Twangiza oxide mine began production in October 2011 and is projected to produce approximately 100,000 ounces of gold per year with plant modifications increasing production in 2013 and 2014.
The Company holds, through four wholly owned Democratic Republic of the Congo (DRC) subsidiaries, a 100% interest in four gold properties, which are known as Twangiza, Namoya, Lugushwa and Kamituga. These properties are covered by a total of 13 exploitation permits and are found along the 210 kilometers-long Twangiza-Namoya gold belt in the South Kivu and Maniema Provinces of eastern Democratic Republic of the Congo. These Projects, totaling 2,616 square kilometers, cover all the major producing areas of the gold belt where approximately 2.4 million ounces of gold were reportedly produced in the past from alluvial and hard rock sources.
The Company also holds 14 exploration permits awarded in March 2007 covering an aggregate of 2,638 square kilometers. 10 of the permits are located in the Company’s Twangiza property and four are located in the Company’s Namoya property.
Banro has identified 10.18 million ounces of Measured and Indicated Resources, plus Inferred Resources of 7.01 million ounces of gold.
Latest Spot Gold Prices From GoldPrice.org
BANRO HAS ASSETS
2 NEW OPERATING GOLD MINES
OVER 10 MILLION OUNCES IN THE GROUND
CASH FLOW OVER 150 MILLLION PER YEAR AND GROWING!
HUGE LAND PACKAGE OVER 88% UN-EXPLORED WITH DOZENS OF WORKING ARTISINAL MINES
PLEASE GO TO WWW.BANRO.COM do your DD and read the investor presentations.
IMPORTANT NOTES TO CONSIDER
1. BANRO IS SOLVENT
2. NO LOANS DUE FOR YEARS
3. GOLD PRODUCTION IS GROWING VERY FAST
4. TWANGIZA IS A MONSTER PRODUCER AFTER OPTIMIZATION
WORLD RENOWNED EXPERTS IN PLANT OPTIMIZATION