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November 21, 2012
09:35 EDTBAABanro Corporation outlines capital expenditure estimates, funding
Banro said capital expenditures at Twangiza for the remainder of 2012 and 2013 are estimated to include $9M for one-off plant expansion to achieve 1.7Mtpa, and a further $4M to achieve 2.0Mtpa for outputs in the order of 10,000 and 12,000 ounces respectively per month, $1M per month for the tailings management facility, with potential to reduce this expenditure, and $1M per month for 2013 capital equipment maintenance and fleet rebuild. At Namoya, approximately 48% of the estimated $178M capital has been spent with the remaining capital expenditures peaking in early Q1 2013, which represents an increase from the initial capital estimate of $150M. Banro has arranged non-dilutive balance sheet funding for up to $43M, which can be drawn over the next 6 months, and is expected to be settled in 2014 as the company moves into a stronger cash-flow position following the completion of the Namoya capital program and forecasted higher revenues being generated from that project and the expanded Twangiza production, the company said.
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October 13, 2015
07:07 EDTBAABanro Corporation reports Q3 production 34,824 gold oz at Twangiza
Banro Corporation announced its operating results for Q3. Twangiza produced 34,824 ounces of gold in Q3, a 28% increase over Q3 of 2014, for year-to-date production of 105,092 ounces of gold. Namoya achieved average monthly stacking levels of approximately 149,000 tonnes in Q3 as the mine continued to improve operational performance. Throughput at the Twangiza process plant achieved 104% of the 1.7M tonnes per annum, or Mtpa, annualized design capacity. Twangiza and Namoya produced a combined 46,981 ounces of gold during Q3, a 5% increase over the previous quarter or a year-to-date production of 137,028 ounces. This re-affirms the previously stated 2015 consolidated gold production guidance of 175,000-195,000 ounces.
September 30, 2015
05:29 EDTBAABanro Corporation receives notice of non-compliance from NYSE
Banro Corporation announces that it has received notice from the NYSE MKT pursuant to Section 1003(f)(v) of the NYSE MKT's Company Guide that, due to the company's current low selling share price, the company's continued listing on the NYSE MKT is contingent upon there being a sustained increase in its share price within the next six months or such longer period as may be agreed to by the NYSE MKT.

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