Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Banro Shares Decline After CEO Steps Down: Toronto Mover

Banro Corp., a Canadian miner of gold in the Democratic Republic of Congo, fell the most in four years after saying Chief Executive Officer Simon Village stepped down.

Banro dropped 22 percent to C$1.78 in Toronto, the largest decline since October 2008. The volume of shares traded was 9.16 million, compared with a 15-day average of 1.9 million, according to data compiled by Bloomberg.

John Clarke, a Banro director since 2004, will take over as interim CEO, the Toronto-based company said in a statement released after the close of regular trading yesterday. The company didn’t give a reason for Village’s departure.

Gold miners such as Barrick Gold Corp. and Newmont Mining Corp. are facing slumping share prices and rising expenses. Barrick, the world’s biggest gold producer, replaced its CEO last June and at least five more heads of North American producers announced their departures or lost their jobs last year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.