Member Company Profile

Banro Corp.

BAA:CN


Gold Price: $1,436.70|Silver Price: $16.34|Platinum Price: $857.00|Palladium Price: $1,531.00|Gold:Silver: 87.9


Status: Producer|Primary Mineral: Gold|Primary Country of Operation: Congo, Democratic Republic of


Last Updated: September 16, 2016

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IR Contact

Martin Jones
+1 (416) 366-2221
[email protected]
www.banro.com

Address

1 First Canadian Place, 100 King St. West, Suite 7070
Toronto, ON M5X 1E3
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Banro Corp..
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Banro is a Canadian gold company with two wholly-owned producing gold mines and two wholly-owned advanced gold exploration projects in the Democratic Republic of the Congo. The Twangiza mine produced 135 koz Au in 2015. The new Namoya gold mine entered commercial production on January 1, 2016 and has production targets of 9,000 to 10,000 oz Au per month. Exploration is ongoing at the fully permitted and licensed projects of Kamituga and Lugushwa. With Proven and Probable Mineral Reserves of 3.18 million oz Au, a Measured and Indicated resource of 7.04 million oz Au (inclusive of reserves) and an Inferred resource of 5.08 million oz Au, Banro’s properties host a major gold resource.

Value Drivers
  • Emerging mid-tier African gold company
  • Open-pit, low-cost gold production from newly developed mines with long life horizons
  • Largest gold exploration land package in the DRC along the 210 km Twangiza-Namoya gold belt

Annual Production
Gold, oz per year
GEOs: No

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders
  • RFW Banro Investments
  • Blackrock
  • Gramercy Funds Management LLC
Management
Chairman: Richard Brissenden
CEO: Dr. John Clarke
More Detail
Capital Structure
Common Shares Outstanding: 303,482,336
Float (%): 100.00
Warrants Outstanding: 34,200,000
Options Outstanding: 21,520,761
Fully Diluted Shares: 359,203,097

IR Contact

Martin Jones
+1 (416) 366-2221
[email protected]
www.banro.com

Address

1 First Canadian Place, 100 King St. West, Suite 7070
Toronto, ON M5X 1E3
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Banro Corp..
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.