If H1 production (93,865 oz.) is indeed 40% of production for the year, then H2 at 60% would result in an additional total production of 140,798 oz. Now, does Banro get there for H2, as this would total 234,663 oz. for 2016, which exceeds top annual target production of 230K. So, probably not. Fine crushing unit not to be installed until late Q3 we were informed. And mngt tends to overshoot timing (is often somewhat to significantly late on timing targets).
I think Twangiza likely to get back to 35+K oz. production per Quarter. In Q3, seems less likely. Twangiza was previously producing 35K oz. when humming and at just above 102% to 104% of design capacity.. Twangiza was at only 26,218 oz. for Q2.
I will estimate Twangiza back at 32K oz. for Q3, and Namoya humming at 9.2K oz. per month (June production numbers). That puts a Q3 production estimate at just below or just above 60K oz.
And for Q4 if Twangiza gets back to 35K oz. and Namoya keeps strong output at 9,200 oz. per month, this would be about 63K oz. for Q4.
H2 at about 123K oz. along with H1's just under 94K production would in fact result to be within 2016 annual production targets of 210K-230K production ounces.
Banro doing well. Go BAA!
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