First of all you are too high on the monthly production. As per Banro's last press release the goal for Namoya is 8000 ounces per month beginning in mid 2015. The 2014 production guidance for Twangiza, was 90,000 to 100,000 ounces...that's 7900 ounces on average per month. Thus, the total monthly production for both mines is: 15,900 ounces/month, not 20,000.
Second, you have to know the "ALL IN COSTS PER OUNCE" to produce the Gold. Based on Banro's last information provided in November 2014, the "All In Costs per Ounce" was $866/ounce. Using a Gold price of $1200/ounce gives: $1200 - $866 = $334/ounce of income (less operating costs). At 15,900 ounces per month that gives an income of: $531,000/month, or, $6,372,000 income/year. From this amount you have to deduct taxes and a few other non-operating related costs and you can see that this amount of income is nowhere close to what they will need to cover their debt.
Unfortunately, the financial picture for Banro is VERY grim!
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