Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to provide an update on its exploration activities at its wholly-owned Twangiza project on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo.
TORONTO, ONTARIO--(Marketwired - April 19, 2017) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to announce that it has successfully completed its recapitalization (the "Recapitalization") including the plan of ...
Banro Corporation (BAA) jumped 3.17 percent and ended the day at $0.13. The Average Volume of the company is 1.01 Million and P/E (price to earnings) ratio is 0, while Forward P/E ratio is 0. The highest price BAA stock touched in the last 12 month was ...
In February 2016, the Company closed a $67,500 gold streaming transaction relating to the Twangiza mine (the "Twangiza Transaction") with RFW Banro Investments Limited ("RFWB"), a subsidiary of the Baiyin Stream Partnership I, LP, (a mining investment ...
According to Banro Corporation, mining productivity continued to improve during the fourth quarter of 2016, with Twangiza moving higher amounts of waste material with the goal of achieving increased ore deliveries in future.
Banro Corp is still encountering various problems at the construction of its second mine, Namoya. In my opinion, after problems at its first mine, Twangiza, the company's reputation is ruined - it will be very difficult to reestablish it.
Small Cap Exclusive (press release) - Jan 17, 2017
Banro Corporation (USA) (NYSEMKT:BAA) shares ticked 3.75% up on Friday to $0.188 and were flat in after-hours trading. Share prices have been trading in a 52-week range of $0.15 to $0.48 so the stock is currently near support.
Banro Corporation notes that the record gold output is a combination of gold produced from its Twangiza and Namoya operations in the Democratic Republic of Congo (DRC), which respectively produced 25 187 oz and 28 190 oz of gold in the quarter.
Banro Corporation (USA)(NYSEMKT:BAA) has entered into a support deal with prime stakeholders to recapitalize the firm by refinancing outstanding debt of $207.5 million, equitizing the due preferred shares and generating 45 million via a gold forward sale.