Banro Reports Twangiza Gold Mine's "Best" Quarterly Production Results

By Midnight Trader,  January 14, 2013, 12:25:28 PM EDT

Banro Corporation (BAA.TO) provided a gold production update for its Twangiza Gold Mine in the Democratic Republic of the Congo. Twangiza produced 19,750 ounces of gold for the final quarter of 2012.

The company said this was Twangiza's "best quarterly performance" since start-up, which has enabled management to fully assess the expansion potential, and operational issues required to achieve higher levels of productivity.

BAA is currently trading at $3 per share, with volumes of over 927,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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