Positive feasibility for Banro's Twangiza project

摘要

Banro's (BAA-T, BAA-X) wholly-owned Twangiza project in the Democratic Republic of the Congo will produce about 320,000 oz. gold per year at an average operating cash cost of 274 US dollars per oz. for the first three years it is in production. A feasibility study released Jan. 26 has demonstrated the proposed mine would average annual production of 319,962 oz. gold for the first three years and 261,965 oz. gold for the first five years of operation at an average operating cash cost of 358 US dollars per oz.