Banro Corp. fka BAA

[spencaround]

Briefing worded things positively the rest of the market thinks that opening a second mine regardless is good and their main mine is growing
16:40 BAA Banro Provides Q2 2014 production update for its Twangiza Gold Mine, DRC, and detailed Namoya Operations Overview; Twangiza produced 21,431 ounces of gold in Q2 2014, an increase of 10.8% over the same quarter of 2013 (0.48 +0.02)

Co provides Q2 2014 gold production and an operations update for its Twangiza and Namoya gold mines in the Democratic Republic of the Congo.
Twangiza Mine - Twangiza produced 21,431 ounces of gold in Q2 2014, an increase of 10.8% over the same quarter of 2013, despite rainfall affecting Twangiza in April.
Namoya Project - Commissioning commenced in May 2014 and continued through June 2014. As part of the pre-commercial gold production Namoya produced a total of 1,458 ounces of gold in the second quarter (65,858 tonnes of material processed at an average grade of 2.31 g/t Au, to both Heap Leach and CIL (Carbon-in-Leach) combined).
Updated guidance for 2014 - Namoya's 2014 forecast has been updated to take into consideration the short term strategy above,. It was also necessary to update Twangiza's full year forecast slightly to reflect the very wet start to the year and the reduced production which resulted. With this update to production, full year 2014 guidance is as follows:
Twangiza - 90,000 to 100,000 ounces
Namoya - 25,000 to 30,000 ounces


Read more: https://www.briefing.com/Platinum/InDepth/InPlayFull.htm#ixzz374CjxHwv.