BANRO CORP. T.BAA

BAA~Cash Cost decreased 18% to $683 per ounce

[joe3232]

BAA~Cash Cost decreased 18% to $683 per ounce
Production increased 19% in 2014

For 2014:OPERATIONAL HIGHLIGHTS

Production increase by 19% to 98,184 ounces of gold in 2014 (82,591 ounces in 2013); 29,445 ounces in Q4 2014 (22,858 ounces in Q4 2013)
In 2014, 101,225 ounces of gold were sold at an average price of $1,239 (80,497 ounces of gold were sold at an average price of $1,389 per ounce in 2013)
2014 cash costs per ounce at Twangiza decreased 18% to $683 per ounce from $836 per ounce in 2013. AISC of $781 per ounce for full year 2014
Cash costs for Q4 were $592 per ounce as the Twangiza plant delivered 91% of steady state ounce production over a stabilized cost structure. The second half of 2014 cash cost of $605 per ounce showed strong evidence of consistent financial performance.

https://news.banro.com/press-releases/banro-announces-year-end-2014-financial-results-nyse-mkt-baa-201504071000581001