GOLDBUGS AMEX Goldbugs Index (GOLD)

[AugustaFriends]

BAA Gold Production 2013 / 2014


Note: All figures from http://www.banro.com/s/Financials.asp

*** Very low cost *** Cash cost per ounce ($US/oz) $700 to $900


Banro Full Year Guidance 2013 from 2012 Annual Report
Twangiza (oz) 85,000 to 100,000
Namoya (oz) 16,000 to 22,000

Total for 2013 Gold 122,000 Max

Total for 2014 Gold 220,000 to 240,000 DOUBLE PRODUCTION if Gold returns to $1700 in 2014 -- $$$$$

http://www.banro.com/i/pdf/2012Q4.pdf


Twangiza expansion This will Double Production at this mine in 2014
Expansion to 1.7mtpa with the addition of
new mineral crushers at front end of
processing plant & additional CIL tanks at
back end bringing Twangiza up to
nameplate capacity 20,000oz per quarter or 80,000

Complete second gold mine at Namoya


NAMOYA Status
Practical completion & metallurgical
commissioning H2 2013
Gravity/Heap leach operation
Gold production planned for Q4 2013
16,000-22,000 oz gold estimated for 2013
Commercial production in 2014 Initial 3 years’ production anticipated at 139,000oz/yr