Banro Announces Q3 2015 Financial Results; Q3 2015 EBITDA of $20.3 Million, YTD 2015 EBITDA of $54 Million and Twangiza Lowers Cash Cost to $501 per Ounce - "The Namoya mine also made significant progress during the quarter as it continues to ramp-up towards steady-state operating levels. However, the delay in the delivery of trucking and excavating equipment to site, which is now on site and being commissioned, resulted in lower than expected quarterly gold production at Namoya. We continue to expect commercial production by the end of 2015. Looking ahead to the fourth quarter, we expect that improving mine productivity resulting from the commissioning of new equipment, together with the lagging nature of heap leach gold production from material stacked in the third quarter, will contribute to enhanced quarterly production. The Company expects to meet the consolidated production guidance of 175,000 to 195,000 ounces of gold for 2015, with Twangiza cash costs and AISC being below $600 per ounce and $700 per ounce, respectively," More
- 11/11/15 | Item |


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