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Banro Provides an Operations Personnel Update

Banro Corporation provides a brief personnel update on its Twangiza gold mine and Namoya development project in the Democratic Republic of the Congo.

"We are very pleased to report that operations at Twangiza and development at Namoya are both progressing smoothly under the supervision of experienced professionals who have demonstrated their commitment and dedication to these projects over the past months and years," commented Interim CEO, Dr. John Clarke, who has just returned from his meeting with the operations teams in the DRC.

"Dan Bansah, VP Exploration, will assume increased responsibilities with the departure of Colin Belshaw, overseeing all in-country operations to ensure adherence to the strategic plan across all operations," continued Dr. Clarke. "We are confident that we can continue to draw upon the strengths of our management team members, including Mr. Desire Sangara, VP Government Relations, many of whom have been with the Company for years and whose skills, expertise and leadership have proven to be invaluable."

At Twangiza, production and plant modifications will continue as planned under the supervision of Frans Gonsalves and Chris Bawah with completion of all optimization initiatives anticipated for ramping up to full nameplate capacity during the fourth quarter of this year.

Thinus Vorster, VP Development and Engineering, along with his development team, will continue to drive the construction at Namoya as the project heads into the dry season.

Banro will continue to provide both corporate and operational updates as the Company progresses toward completion of Namoya development and Twangiza enhancement.

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IAMGOLD announces $100 million cost reduction program

IAMGOLD Corporation announced that to reinforce an already strong financial position and improve its return on capital, the Company has initiated a program to reduce annualized spending by $100 million.   This will be achieved through cost-cutting initiatives aimed at reducing mine operating costs, exploration expenditures and mine site and corporate general and administrative costs. The Company ended 2012 with over $1 billion in cash and gold bullion.

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Silver Bull Significantly Increases the Size and Grade of the Silver Resource to 167.5 Million Ounces of Indicated Silver at a 72.5G/T Average Grade at the Sierra Mojada Project, Coahuila

Silver Bull Resources, Inc. (TSX: SVB, NYSE MKT: SVBL) ("Silver Bull") is pleased to provide the results that will be reported in the updated NI43-101 Technical Report ("the Technical Report") currently being completed by JDS Energy & Mining Inc. ("JDS") on the silver and zinc mineralization of the "Shallow Silver" and "Zinc" Zones at the Sierra Mojada Project in Coahuila, Mexico. Highlights at various cutoff grades for the silver include;

  • An Indicated silver resource of 71.9 million tonnes at an average grade of 72.5g/t silver totaling 167.5 million troy ounces of silver at a 25g/t silver cutoff grade.
  • An Indicated silver resource of 40.75 million tonnes at an average grade of 102.2g/t silver totaling 134.0 million troy ounces of silver at a 45g/t silver cutoff grade.
  • An Indicated silver resource of 20 million tonnes at an average grade of 147.8g/t silver totaling 94.0 million troy ounces of silver at a 80g/t silver cutoff grade.
  • An Indicated zinc resource of 2.19 billion pounds of zinc at an average grade of 1.38%.
  • An Inferred lead resource of 538 million pounds at an average grade of 0.34%.
  • An Inferred copper resource of 126 million pounds at an average grade of 0.08%.
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Serengeti Files Kwanika Preliminary Economic Assessment

Serengeti Resources Inc. (SIR: TSX-V; 34S: FSE) announces a technical report outlining the results of a Preliminary Economic Assessment ("PEA") on its 100% owned Kwanika project located in North Central British Columbia, Canada. The results of the PEA, previously released on February 6th, 2013 (NR: 2013-01) demonstrate the potential technical and economic viability of establishing a new copper-gold mine/mill complex on the property.

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