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Last C$0.30 CAD
Change Today 0.00 / 0.00%
Volume 902.6K
As of 3:59 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

banro corporation (BAA) Snapshot

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52 Week High
06/20/14 - C$0.56
52 Week Low
10/8/14 - C$0.13
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banro corporation (BAA) Details

Banro Corporation, together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for gold. The company holds a 100% interest in 4 gold properties, including Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of approximately 2,612 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. It also owns 14 exploration permits covering an area of approximately 2,638 square kilometers located between the Twangiza and Namoya properties. The company was formerly known as Banro Resource Corporation and changed its name to Banro Corporation in January 2001. Banro Corporation was founded in 1951 and is headquartered in Toronto, Canada.

Founded in 1951

banro corporation (BAA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $550.0K
Founder and Executive Vice-President
Total Annual Compensation: $550.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $116.7K
Head of Projects & Operations
Total Annual Compensation: $250.0K
Senior Vice President of Commercial and DRC A...
Total Annual Compensation: $370.0K
Compensation as of Fiscal Year 2014.

banro corporation (BAA) Key Developments

Banro Corporation Reports Earnings and Production Results for the Fourth Quarter and Full Year of 2014; Provides Production and Capital Expenditure Guidance for the Full Year of 2015

Banro Corporation reported earnings and production results for the fourth quarter and full year of 2014. Revenues for the fourth quarter of 2014 were $35,178 compared with revenue of $27,022 for the fourth quarter of 2013. Revenues for the year ended December 31, 2014 were $125,436, a 12% increase compared to the prior year of $111,808. Net income was $320,000 against $1,630,000 a year ago. EBITDA was $44,793,000 against $34,294,000 a year ago. Production for the fourth quarter of 2014 was 29,445 ounces against 22,858 ounces in fourth quarter 2013. During 2014, ounces of gold sold increased by 26% to 101,225 ounces compared to sales of 80,497 ounces during 2013. The average gold price per ounce sold during 2014 was $1,239 compared to an average price of $1,389 per ounce obtained during 2013. Production was increase by 19% to 98,184 ounces of gold in 2014 against 82,591 ounces in 2013. In 2014, 101,225 ounces of gold were sold at an average price of $1,239 against 80,497 ounces of gold were sold at an average price of $1,389 per ounce in 2013. The company provided production and capital expenditure guidance for the full year of 2015. Twangiza (oz) was 100,000 to 110,000, Namoya (oz), full year including pre-commercial production was 90,000 to 100,000. The company's capital expenditure forecast for 2015 as compared to 2014. Twangiza capital expenditures forecast for 2015 consist primarily of sustaining capital, including the continued construction of the Tailings Management Facility ("TMF") and upgrades to the mobile fleet. The capital expenditures for Twangiza in 2014 consisted mainly of sustaining capital relating to the construction of the TMF as well as the completion of the plant expansion project. Namoya capital expenditures forecast for 2015 consists primarily of sustaining capital and does not include pre-commercial operating expenses being capitalized for accounting purposes. The Company will need to refurbish and/or replace elements of the old mining fleet that were purchased to facilitate the construction of the mine, purchase critical spares to provide operational security for the new plant, and continue the scheduled buildup of the walls of the TMF. Exploration expenditures, which are capitalized under the Company's accounting policy, are expected to decrease by 59% from 2014 expenditures.

Banro Corporation Reports Operating Results for the First Quarter of 2015

Banro Corporation reported operating results for the first quarter of 2015. For the period, the company reported Twangiza produced 35,943 ounces of gold, a 78% increase over first quarter of 2014 (20,137 ounces in first quarter of 2014), successfully managing the adverse impact of the rainy season. Process plant throughput achieved 101% of the 1.7 million tonnes per annum ("Mtpa") annualized design capacity and more importantly, 3 quarters of consistent incremental improvement. Twangiza processed up to 28% of transition material to assist with the feed blend during the last two quarters, even though this material is not included in the company's mineral reserves. Together, Twangiza and Namoya produced 45,197 ounces of gold during first quarter of 2015. Twangiza poured 10,635 ounces in January, 13,197 ounces in February and 12,111 ounces in March for a first quarter 2015 total of 35,943 ounces of gold. This is above the 2015 monthly average production guidance of 9,000 ounces per month as the operation moves into the dry season and easier working conditions for mine and plant operations.

Banro Corporation Auditor Raises 'Going Concern' Doubt

Banro Corporation filed its Annual on Apr 06, 2015 for the period ending Dec 31, 2014. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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Valuation BAA Industry Range
Price/Earnings 100.0x
Price/Sales 0.5x
Price/Book 0.1x
Price/Cash Flow 2.2x
TEV/Sales NM Not Meaningful

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