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StreetInsider.com  Jul 11  Comment 
52-Week High: Glu Mobile (Nasdaq: GLUU) $6.09. Glu Mobile ticking higher today following commentary from analyst Mike Hickey at Benchmark related to two hot new games from the company. For more color, click here. Thursday, the company...
SeekingAlpha  Jul 4  Comment 
By David Beckworth: Amidst the siren calls of financial stability concerns, it is worth remembering that not all indicators show asset price froth and excesses. In fact, some show the opposite. Here are a four: (1) The risk premium as measured...
DailyFinance  Jun 27  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 06/27/14 -- Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA) (TSX: BAA) announces that the six nominees listed in the Company's management information circular for the annual and special meeting...
DailyFinance  Jun 25  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 06/25/14 -- Liberty Street Capital Corp. ("Liberty Street") issued the following letter to shareholders: Dear Fellow Shareholders: Banro Corporation's ("Banro") Annual General and Special Meeting ("AGM") is...
DailyFinance  Jun 20  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 06/19/14 -- Banro Corporation ("Banro" or the "Company") (TSX: BAA)(NYSE MKT: BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") and holders of Preferred Shares of...
DailyFinance  Jun 19  Comment 
Shareholders Are Urged to Vote the BLUE Proxy in support of the six Banro Director nomineesTORONTO, ONTARIO -- (Marketwired) -- 06/18/14 -- Banro Corporation ("Banro" or the "Company") (TSX: BAA)(NYSE MKT: BAA) is pleased to announce that in its...
Cloud Computing  Jun 18  Comment 
The Bloomberg Agile Architectureâ„¢ (BAA) Technique offers a way of thinking about and doing architecture that is laser-focused on business agility as the fundamental business driver. Yet while the BAA Technique is an approach to Enterprise...
DailyFinance  Jun 18  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 06/18/14 -- Liberty Street Capital Corp. ("Liberty Street") issued the following letter to shareholders, urging them to vote FOR all of the Liberty Street nominees using the GREEN proxy: Dear Fellow...
DailyFinance  Jun 2  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 06/02/14 -- Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) announces changes the Company has made and is proposing to make to the composition of its board of directors ("Board"). New...
SeekingAlpha  May 14  Comment 
Banro Corporation (BAA) Q1 2014 Earnings Conference Call May 14, 2014 11:00 AM ET Executives Naomi Nemeth - VP, IR John Clarke - President and CEO Analysts Mike Kozak - Cormark Securities Brock Salier - GMP...




 
TOP CONTRIBUTORS

Banro Corporation is a junior gold mining company focusing on exploration and production projects in the Democratic Republic of Congo. Banro trades both on the Amex and Toronto Stock Exchange.

Properties

Twangiza

Twangiza is the most advanced of Banro's four projects. According to the company, the Measured and Indicated Resources for Twangiza are 5.60 million ounces of gold and Inferred Resources are 400,000 ounces. The Kaziba discovery is part of the Twangiza project.

In 2009, Banro says it will focus on exploring four targets at Twangiza which are within trucking distance of the proposed Twangiza plant site (including Kaziba). It expects the deposits to boost the resource profile. Banro also plans to undertake additional metallurgical testwork to optimize recoveries from the various ore types at Twangiza.

Kamituga

Kamituga covers about 649 square kilometers. It is the most mature of Banro's four properties and was previously the site of major alluvial and underground mining operations.

Prior mining operations closed in 1996, but in 2007, Banro completed LIDAR, aeromagnetic and radiometric surveys aimed at identifying targets for future exploration. Banro says that it has analyzed the data. However, it does not appear that substantial exploration activity is planned for 2009.

Lugushwa

Lugushwa is a promising 641-square kilometer exploration site. Last year, Banro used infill drilling and surface exploration to identify new targets for exploration. 26 core holes were assayed at the D18 prospect with the objective of upgrading "inferred" ounces to "indicated" ounces. The study of these assay results, which will also assess all mineralization identified to date at Lugushwa, is expected to be completed in 2009.

Namoya

Namoya currently hosts 1.124 million oz of Measured & Indicated Resources and 407,700 oz of Inferred Mineral Resources. In 2009, Banro expects to complete the Pre-Feasibility Study.

Factors which affect Banro

Price of gold Like all mining companies, Banro is affected by the price of gold.

'News regarding development projects Results of Pre-Feasibility Studies, and technical studies of mining assays, will affect investor's views regarding how promising the development projects are. The timing of these results is also important, because it shows whether exploration and development is progressing on target.

Financing Banro did two equity financings last year, and may do more in 2009. In both cases share prices fell strongly below the financing point. Additional financings could pressure shares again. Each financing sold units consisting of a common share and a warrant to purchase a common share at the deal price. The first was priced at $3.50 (U.S.) and the second was priced at $2.20 (U.S.).


References

Company website

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