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January 31, 2013
10:17 EDTBAABanro Corporation increases oxide, free-milling ounces of gold by 45%
Banro Corporation provides an update of its Mineral Resource and Mineral Reserve estimates at its wholly-owned projects on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo. Exploration drilling during 2012 at the four core projects, Twangiza, Namoya, Lugushwa and Kamituga, has resulted in positive growth in Mineral Resources and Mineral Reserves, particularly oxide and free-milling material, in line with the core strategy of the Company, whilst also ensuring the replacement of Mineral Reserves depleted thus far at the Twangiza Gold Mine. Banro's total oxide and free-milling Mineral Resource increased by 45%, representing 4.17Moz in the M&I category and 0.87Moz in the Inferred category. Banro's Measured & Indicated Mineral Resource has grown to 10.18 million ounces of gold, an increase of 41%, and the Inferred Mineral Resource has grown to 7.01Moz of gold, an increase of 56%.
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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.
September 10, 2014
13:28 EDTBAAVan Eck Associates reports 10.09% passive stake in Banro Corporation
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