BANRO CORP. T.BAA

excellent news

[sanddevil]

Seriously ?    Costs down under $600 / oz from just under $900 / oz !!!   And production increasing, all with a backdrop of increasing gold prices ?

This is just the tip of an emerging iceburg.     One of the best sets of numbers I have seen from any gold producer.

Next year this time ?   I predict $1.50

SD

"... resulting in a gold margin per ounce increase from $427 per ounce in Q1 2014 to $681 per ounce in Q1 2015.

• Cash costs per ounce on a sales basis for the first quarter of 2015 were $527 per ounce of gold (compared to $819 per ounce of gold for Q1 2014). Cash costs for first quarter of 2015 were lower than the prior year quarter as a result of increased mine and plant productivity as Twangiza achieved steady state production levels and normalized production costs in line with life of mine expectations. Refer to the non-International Financial Reporting Standards ("IFRS") measures section of this press release for additional information.
• All-in sustaining costs declined in the current quarter to $581 per ounce (compared to $865 per ounce of gold in Q1 2014) driven by lower cash costs in the period." ...

[sanddevil]

Banro beats by $0.05 May 14 2015, 05:53 ET | About:Banro Corporation (BAA) | By:Gaurav Batavia, SA News Editor Banro (NYSEMKT:BAA): Q1 EPS of $0.03 beats by $0.05. Revenue of $41M (+34.7% Y/Y) Press Release

[sanddevil]

Banro Shares Jump Pre-Market on Swing to Q1 Profit as Revenue, Production Climb MIDNIGHT 08:07 AM EDT, 05/14/2015 (MT Newswires) -- Banro's (BAA) U.S. shares jumped in Thursday's pre-market session after the Canada-based gold miner late Wednesday reported it swung to a Q1 profit as revenue and production climbed. BAA was up 29% at $0.33 in recent pre-market trading, in a 52-week range