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Banro Corp (BAA.TO)

BAA.TO on Toronto Stock Exchange

0.75CAD
20 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Banro announces Q2 production results and financing
Monday, 17 Jul 2017 09:19am EDT 

July 17 (Reuters) - Banro Corp ::Banro announces Q2 2017 production results and financing.Banro Corp - ‍twangiza and Namoya produced a combined 38,739 ounces of gold during Q2 of 2017​.Banro Corp - ‍Twangiza's gold production in Q2 of 2017 decreased by 15% compared to Q1 of 2017​.Banro Corp - ‍continuing to explore opportunities to raise additional financing and/or refinance existing obligations​.Banro Corp - ‍interruptions of operations due to security incidents at namoya mine during Q2 of 2017 also contributed to low production​.Banro Corp - ‍continuing to explore opportunities to raise additional financing in light of co's ongoing operational and working capital challenges​.Banro Corp - ‍does not expect to reach its 2017 gold production outlook​.Banro - entered financing arrangement to provide additional operational working capital to support co's ongoing activities at Twangiza, Namoya mines.Banro Corp - ‍currently does not expect to provide updated forward-looking gold production information for remainder of 2017​.Banro Corp - financing arrangement comprises execution of two gold forward sale agreements to raise US$26 million.Banro- expects delivery of mining fleet in July to assist in achieving higher levels of gold production expected to be achieved in H2 2017 in Namoya.Banro-‍doesn't expect to reach 2017 gold production outlook due to lower than expected gold production at 2 mines during first 6 months of 2017.  Full Article

Banro appoints Rory Taylor as CFO
Friday, 7 Jul 2017 08:36am EDT 

July 7 (Reuters) - Banro Corp :Banro appoints new chief financial officer.Banro Corp says appointment of Rory Taylor as chief financial officer of Banro.Banro Corp - Michael Li remains a director of Banro.  Full Article

Banro provides update on Namoya Mine
Monday, 3 Jul 2017 08:50am EDT 

July 3 (Reuters) - Banro Corp :Banro provides update on Namoya Mine.Banro Corp - All operations at company's Namoya Mine have been temporarily suspended and staff were evacuated on a temporary basis..Banro Corp - Company is monitoring situation and will provide an update as more information becomes available.Says banro has been informed that all of drivers of trucks are safe.Banro Corp - ‍armed group currently controls Lulimba community and its Environs, and has not permitted release of 23 trucks from Lulimba​.Banro Corp - Normal operations are continuing at co's Twangiza Mine.Banro - 23 trucks belonging to contractors of Namoya Mine, travelling from Baraka, DRC to Namoya was trapped in cross fire between congolese national army.Banro Corp - ‍Namoya Camp and mining and processing facilities are being secured by National Security Agencies, including FARDC​.Banro Corp - "Armed Group" has not permitted release of 23 trucks from Lulimba.  Full Article

Banro Corp says David Langille stepped down from his role as CFO
Friday, 9 Jun 2017 08:30am EDT 

June 9 (Reuters) - Banro Corp :Banro provides corporate update.Banro corp says David Langille has stepped down from his role as chief financial officer of company.Banro corp says board has appointed Michael Hankin Li as banro's interim chief financial officer.Banro corp says board will conduct a search for a new chief financial officer. mr. Langille is assisting in transition to Li.  Full Article

Banro provides update on previous incident at its Namoya mine site
Thursday, 25 May 2017 09:19am EDT 

May 25 (Reuters) - Banro Corp :Banro provides update on previous incident at its Namoya mine site.Mining day shift operations resumed at Namoya mine site on monday, May 22.Banro Corp says it will take several days for all staff to arrive back on site, and a few days thereafter for full production operations to be achieved.Foreign nationals and non-essential local staff who left Namoya site on temporary basis are expected to start returning to site on May 26.  Full Article

Banro reports incident at its Namoya Mine Site
Thursday, 18 May 2017 05:28pm EDT 

May 18 (Reuters) - Banro Corp :Banro reports incident at its Namoya Mine Site.There was at least one fatality among intruders, and one police fatality and one military personnel fatality at Namoya Mine Site.There have been a series of attacks on police and military personnel in village areas surrounding Namoya Mine.All of company's staff and workers were unharmed.There have been a series of attacks on police and military personnel in village areas surrounding Namoya Mine.Normal operations are continuing at company's twangiza mine."There were attempts to enter Namoya Mine camp by armed intruders, but they were repulsed by security".Mining operations are temporarily suspended at Namoya Mine.  Full Article

Banro posts qtrly loss per share $0.05
Monday, 15 May 2017 05:39pm EDT 

May 15 (Reuters) - Banro Corp :Banro announces Q1 2017 financial and operating results.Q1 revenue $55 million.Qtrly loss per share $0.05.Banro Corp- Q1 2017 consolidated cash costs of $776 per ounce.Expects FY consolidated cash costs to be in range of $675 to $775 per ounce.Banro Corp - Qtrly gold production 46,215 oz versus 44,192 oz.  Full Article

Banro Q1 revenue $55 million
Monday, 15 May 2017 05:39pm EDT 

May 15 (Reuters) - Banro Corp ::Banro announces Q1 2017 financial and operating results.Q1 revenue $55 million.Banro Corp - qtrly gold production 46,215 oz versus 44,192 oz.  Full Article

Banro announces Q1 2017 production results
Thursday, 13 Apr 2017 05:00pm EDT 

Banro Corp - : Banro announces Q1 2017 production results . Banro Corp- recoveries at twangiza during q1 of 2017 continued to be impacted by blend of ore types based on available run-of-mine ore . Banro Corp - Banro produced 46,215 ounces of gold during q1 2017, twangiza contributing 23,115 ounces of gold,namoya with 23,100 ounces of gold .Banro Corp - qtrly total ore mined for twangiza mine 603,460 tonnes, up 31 percent, qtrly total ore mined for namoya mine 487,629 tonnes, up 29 percent.  Full Article

Banro provides update on recapitalization transactions
Friday, 7 Apr 2017 09:15am EDT 

Banro Corp : Banro provides update on recapitalization transactions .Banro Corp- company anticipates implementing plan of arrangement and closing recapitalization on April 12, 2017.  Full Article

BRIEF-Banro announces Q2 production results and financing

* Banro Corp - ‍twangiza and Namoya produced a combined 38,739 ounces of gold during Q2 of 2017​