~*~Mining and Metals Du Jour~*~

[Phatlander]

http://news.banro.com/press-releases/banro-announces-q2-2015-financial-results-achieve-nyse-mkt-baa-201508121021205001

TORONTO, ONTARIO--(Marketwired - Aug. 12, 2015) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) today announced its financial and operating results for the second quarter of 2015.

FINANCIAL HIGHLIGHTS

Record Q2 2015 revenues of $42.6 million, a 61% increase over Q2 2014 revenues of $26.5 million; and record H1 2015 revenues of $83.6 million, compared with $57 million in the comparable period in 2014
Record EBITDA of $34 million in H1 2015, a 210% increase over H1 2014 ($11 million)
35,665 gold ounces sold in Q2 2015, representing a 74% increase over the same period in 2014
Gross earnings from operations of $15 million in Q2 2015, a 239% increase over Q2 2014 ($4 million)
OPERATIONAL HIGHLIGHTS

Twangiza continues to outperform expectations, resulting in a 60% increase in gold production to 34,325 ounces from Q2 2014 production of 21,431 ounces
Twangiza increases the proportion of non-oxide material processed to an average of 43% in Q2 2015
H1 2015 cash costs per ounce at Twangiza decreased 30% to $558 per ounce from $794 per ounce in H1 2014
H1 2015 AISC of $643 per ounce, a 29% decrease from H1 2014 of $902 per ounce
As reported in the Company's June 8, 2015 press release, Twangiza Reserves increased 59%, extending the mine life utilizing the existing plant to 14 years
PROJECT HIGHLIGHTS

Namoya continues to increase stacked material as it progresses on schedule to achieving commercial production in Q3 2015