Banro

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.