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.