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BANRO CORP. T.BAA

"Banro Corp through its subsidiaries, is engaged in the exploration and development of its gold properties, including Twangiza, Namoya, Lugushwa and Kamituga."


TSX:BAA - Post by User

Comment by ROUGETRADER719on Aug 17, 2017 12:54pm
51 Views
Post# 26592428

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE::(

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE::(Banro intends to control costs by continuing to improve operating efficiencies through optimizing operating procedures and increasing production and processing capacities at Twangiza and Namoya to benefit from economies of scale, while maintaining strong environmental and safety standards.

The company is actively investigating the possibility of establishing underground mining under the existing open pits. Given Twangiza and Namoya's favourable topography, adit access by horizontal or nearly horizontal shafts would be employed, which could be less capital intensive than typical underground mining operations, which utilize vertical shafts.


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