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Banro Corporation
Banro's Mission: "To unlock shareholder value by increasing and developing the Company's significant gold assets in a socially and environmentally responsible manner".
Banro's first producing operation, the wholly-owned Twangiza mine located near the city of Bukavu in the Democratic Republic of the Congo (the "DRC"), began production in October 2011 following 24 months of construction. Twangiza, an oxide operation, is producting at the rate of approximately 100,000 ounces of gold per year, with planned plant modifications bringing this to the range of 110,000-120,000 ounces of gold per year.
With a Measured and Indicated resource of 10.18 million ounces of gold and an inferred resource of 7.01 million ounces, Banro's properties host a major gold resource. 
In addition to the Twangiza oxide mine, Banro has three other key projects, which are summarized below. They lie along the 210 kilometre long northeast to southwest trending Twangiza-Namoya gold belt in the DRC and each project has a mining license. As well as the key projects, Banro's properties include more than a dozen exploration targets including Ntula, Mufwa, Tshondo, Luhwindja and Kaziba.
Namoya -- an oxide project in early development
Currently in the construction phase with completion anticipated in the fourth quarter of 2013, Namoya sits at the southern end of the Twangiza-Namoya gold belt. Hard construction of this open pit heap leach operation began in the first quarter of 2012 and first gold production is anticipated in the first half of 2013, with an annualized rate of some 125,000 oz per year.
Lugushwa -- advanced exploration 
To date, Banro has delineated a Measured & Indicated mineral resource of 1.13 million ounces of gold and an Inferred mineral resource at Lugushwa of 4.48 million ounces of gold in close-to surface material, where the focus is on oxide resources. Exploration is ongoing at Lugushwa with the objective of increasing the oxide resource and plans include undertaking a Scoping Study.
Kamituga -- Exploration of an oxide and fresh rock resource
High level analysis of the Kamituga gold project was completed in 2009 and exploration drilling continued into 2012 to increase the confidence of the existing inferred mineral resource for this property to 0.92 million ounces of gold in the Measured & Indicated category.
As well as the oxide project described above, the Twangiza property also comprises a large, well-defined sulphide resource. The Twangiza ore body consists of an upper gold-bearing material, the Twangiza oxide currently in production, and a fresh rock and sulphide portion of the ore body sitting beneath the oxide. 
In addition to its current active properties, which have mining licenses and cover 2,613 square kilometres, in 2007 Banro was awarded 14 exploration permits covering 2,638 square kilometres and located on highly prospective ground between its Twangiza and Lugushwa projects. Applications for additional exploration permits contiguous to and located between the Company's Lugushwa and Namoya properties, along with areas south of Twangiza, are pending. 
With its substantial outlined resource base and focused leadership team, Banro enjoys strong support from institutional investors primarily in North America, the U.K and South Africa.  

Contact Us

Investor Relations, Toronto Office
Naomi Nemeth
Phone +1 416-366-2221 
Toll free:  1-800-714-7938 
E-mail: info@banro.com