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Re: AugustaFriends post# 321942

Tuesday, 08/19/2014 10:29:21 AM

Tuesday, August 19, 2014 10:29:21 AM

Post# of 645185
BAA This has a LARGE Instl. owners % IMO I don't see this backing that far.

John Clarke, Chief Executive Officer of Banro, stated "We are pleased to be able to reaffirm the guidance on our production that we provided in early July. Once both mines are stabilized, we expect annual gold production from both Twangiza and Namoya to total 200,000 to 220,000 ounces. At this production level we expect cash costs in the range of US$725 to US$825 per ounce and all-in sustaining costs of US$875 to US$975 per ounce."

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