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Metals & Mining Gold

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

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TSX:BAA - Post Discussion

BANRO CORP. > BAA~ Cash Cost down to $527 from $819

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Post by joe3232 on May 14, 2015 6:29pm

BAA~ Cash Cost down to $527 from $819

BAA filings: Cash Cost down to $527 from $819

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.

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