Banro Updates Operations at Twangiza Property

Banro Corporation (TSX:BAA,AMEX:BAA) announced updates to operations at its DRC-based Twangiza gold property.

As quoted in the press release:

Gold production declared from Twangiza to date has averaged approximately 60% of the rated capacity of the plant, primarily owing to the downtime of the No. 1 Ball Mill due solely to problems with the motor.

Banro’s President and CEO, Simon Village said:

During the past six months’ commissioning, the team has also worked through all aspects of becoming an integrated gold company and this has led to a number of material cost reductions, which will have an immediate impact on the bottom line.

Click here for the Banro Corporation (TSX:BAA) press release.