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Last C$0.25 CAD
Change Today -0.005 / -2.00%
Volume 403.0K
BAA On Other Exchanges
Symbol
Exchange
Toronto
NYSE Amex
Stuttgart
As of 3:59 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

banro corporation (BAA) Snapshot

Open
C$0.25
Previous Close
C$0.25
Day High
C$0.26
Day Low
C$0.25
52 Week High
05/19/15 - C$0.48
52 Week Low
10/8/14 - C$0.13
Market Cap
61.8M
Average Volume 10 Days
514.8K
EPS TTM
C$-0.0031
Shares Outstanding
252.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BANRO CORPORATION (BAA)

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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 Unaudited Consolidated Financial and Operating Results for the Second Quarter and Six Months Ended June 30, 2015

Banro Corporation reported unaudited consolidated financial and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenues of USD 42,597,000 compared to USD 26,534,000 a year ago. Gross earnings from operations were USD 14,529,000 compared to USD 4,292,000 a year ago. Net loss was USD 48,666,000 or USD 0.19 per basic and diluted share compared to USD 2,998,000 or USD 0.01 per basic and diluted share a year ago. Net loss from operations was USD 41,521,000 compared to net income from operations of USD 767,000 a year ago. Net cash flows provided by operating activities was USD 6,706,000 compared to USD 16,298,000 reported a year ago. Acquisition of property, plant, and equipment was USD 4,151,000 compared to USD 4,266,000 reported a year ago. Exploration and evaluation expenditures and associated working capital movements was USD 2,150,000 compared to USD 1,725,000 a year ago. EBITDA was USD 14,717,000 compared to USD 4,886,000 a year ago. For the six months, the company reported operating revenues of USD 83,600,000 compared to USD 56,973,000 a year ago. Gross earnings from operations were USD 31,251,000 compared to USD 10,333,000 a year ago. Net loss was USD 41,886,000 or USD 0.17 per basic and diluted share compared to USD 3,702,000 or USD 0.01 per basic and diluted share a year ago. Net loss from operations was USD 28,733,000 compared to net income from operations of USD 3,378,000 a year ago. Net cash flows provided by operating activities was USD 14,394,000 compared to USD 15,862,000 reported a year ago. Acquisition of property, plant, and equipment was USD 6,386,000 compared to USD 8,837,000 reported a year ago. Exploration and evaluation expenditures and associated working capital movements was USD 5,655,000 compared to USD 5,615,000 a year ago. EBITDA was USD 33,612,000 compared to USD 10,828,000 a year ago. The net losses in the current year periods are a result of an impairment charge recognized during the period for USD 50,200. For the quarter, the company reported gold production of 34,325 oz compared to 21,431 oz a year ago. For the six months, the company reported gold production of 70,268 oz compared to 41,568 oz a year ago.

Banro Corporation, Q2 2015 Earnings Call, Aug 13, 2015

Banro Corporation, Q2 2015 Earnings Call, Aug 13, 2015

Banro Corporation Announces Preliminary Operating Results for the Second Quarter and Six Months Ended June 2015 for its Twangiza and Namoya Gold Mines; Provides Production Guidance for the Year 2015

Banro Corporation announced preliminary operating results for the second quarter and six months ended June 2015 for its Twangiza and Namoya gold mines. For the quarter, Twangiza produced 34,325 ounces of gold, a 60% increase over second quarter of 2014 (21,431 ounces). For the second consecutive quarter, throughput at the Twangiza process plant achieved 101% of the 1.7 million tonnes per annum (Mtpa) annualized design capacity. This throughput achievement at Twangiza includes processing an average of 43% non-oxide material at an overall average process recovery of 82.2%. Twangiza and Namoya produced a combined 44,850 ounces of gold during second quarter of 2015. Total ore mined was 548,175 tonnes compared to 485,276 tonnes a year ago. For the quarter, Namoya gold production was 10,525 ounces gold compared to 1,458 ounces of gold a year ago. Total ore mined was 253,113 tonnes compared to 335,674 tonnes a year ago. For year-to-date, Twangiza produced 70,268 ounces of gold compared to 41,568 ounces of gold a year ago. Total ore mined was 1,180,439 tonnes compared to 781,600 tonnes a year ago. For the year 2015, as a result of this strong performance in the first half of the year, the company increased Twangiza's 2015 gold production guidance to a range of 115,000 ounces to 125,000 ounces. Overall, the consolidated 2015 annual gold production as a result of the outperformance of Twangiza combined with the delayed ramp-up of Namoya is expected to be 175,000 to 195,000 ounces.

 

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