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BRIEF-Banro Corp reports Q2 loss per share of $0.23
August 17, 2017 / 3:49 AM / 3 months ago

BRIEF-Banro Corp reports Q2 loss per share of $0.23

Aug 16 (Reuters) - Banro Corp -

* Banro announces Q2 2017 financial and operating results

* Q2 revenue $42 million

* Twangiza produced 19,588 ounces of gold in Q2 2017 at a cash cost of $837 per ounce

* Namoya produced 19,151 ounces of gold in Q2 2017 at a cash cost of $812 per ounce

* Qtrly loss per share $0.23

* To control costs by continuing to improve operating efficiencies through increasing production capacities at Twangiza and Namoya

* Company does not expect to reach its previously provided 2017 gold production outlook

* Currently not in a position to provide updated forward-looking gold production information for remainder of 2017

* Company is continuing to explore opportunities to raise additional financing and/or refinance existing obligations

* No assurance can be given with respect to company successfully obtaining additional financing or refinancing. Source text for Eikon: Further company coverage:

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