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StockItOut

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Re: nagoya1 post# 58691

Thursday, 01/12/2017 1:49:13 AM

Thursday, January 12, 2017 1:49:13 AM

Post# of 63744
It's not that bad, actually decent. Banro produces 200K ounces of gold a year. So they were overly optimistic. They ran into some issues, for sure. 200K is solid. This is also just Namoya's first year. Twangiza production was expected. And will increase. Namoya lower per month than previous quarter, yet solid none the less, and for the year as well.
Costs, and cash flow the issue.
Gold price ain't gonna be great, if they are selling, which is likely.
But solid two mine annual production at 200K ounces.
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