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Stock Market & Financial Investment News

News Breaks
January 14, 2013
08:53 EDTBAABanro Corporation provides Q4 production update for Tangiza Gold Mine
Banro Corporation provides a gold production update for its Twangiza Gold Mine in the Democratic Republic of the Congo. Twangiza produced 19,750 ounces of gold for Q4. This was Twangiza's best quarterly performance since start-up, which has enabled management to fully assess the expansion potential, and operational issues required to achieve higher levels of productivity. A comprehensive upgrade of the metallurgical plant is now underway which in brief includes the introduction of a larger front end crusher, as well as increasing the CIL tank volumes and doubling elution capability. The full expansion exercise is planned to be completed by the end of the Q3. This will increase throughputs to 1.7Mtpa, or 425,000t/quarter, which is approximately 68% higher than 4Q12 and, together with higher recoveries expected to be in the 90% range, unit costs will reduce further to $500-$600 per ounce.
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September 22, 2014
05:20 EDTBAABanro Corporation comments on market activity
Banro Corporation wishes to comment on the unusual market activity and volatility of its common shares experienced on both the Toronto and New York stock exchanges on Friday September 19. The company continues with the plans set out in its August 18 press release and has no news pending at this time and no material changes to report. It came to the attention of the company that there was a rebalancing of the GDXJ Index. A market announcement regarding this was made early in the week of September 15 and the company understands that the transaction closed on Friday September 19. The company also understands that this ETF held approximately 25.6M Banro common shares prior to rebalancing.

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