www.banro.com
Banro's most advanced project, Twangiza, hosts a significant resource at the Twangiza Main and Twangiza North deposit. A full feasibility study on Twangiza is due for completion in January 2009.
Banro's second major project is Namoya, where a scoping study was completed in July 2007; the Namoya Pre-Feasibility study is due for completion "shortly".
News
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22/11/12
Goldman Sachs starts Banro Corp. at "Neutral" -
29/08/12
Banro achieves commercial production at Twangiza mine in DRC -
11/10/11
Banro's Twangiza mine pours first gold -
24/01/11
Banro Corp announces PEA results for Namoya project in DRC; 63% projected IRR -
14/08/09
Banro acquires process plant in Australia to fast track Twangiza Gold Project in DRC -
26/06/09
Banro completes C$100 million placing to fund Twangiza Gold Mine development -
08/06/09
Banro's update of Twangiza feasibility study raises 2P reserves by 23.7 pct -
11/03/09
Banro issues new resource estimate for Namoya Gold project in DRC -
14/01/09
Banro increases gold resources at Twangiza to 5.6 million ounces
Recent Sector News
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Pascua-Lama halted by Chilean govt; Barrick fined US$16 million
The news came with a trading halt on Barrick’s stock on the TSX effective 12:04pm Toronto time, and on stock inSilver Wheaton (NYSE:SLW) (TSE:SLW), the embattled giant’s partner on the project, a few minutes later. Prior to the stop trade order, stock in Barrick was trading down, hitting an intraday low of $19.41 per share from an open of $19.56, a far cry from the stock’s 52 week high of $43.30 per share.
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Klondex Mines' Fire Creek praised for high grades, strong economic returns and potential upside by Casimir Capital
Klondex Mines (TSE:KDX) was touted as having a high grade resource in a strategic location with potential for a "number of upside opportunities" on Friday, in an initial coverage report by Casimir Capital's Erin Winmill. The analyst started the advanced-stage development company, which is focused on its Fire Creek gold project in Nevada, with a speculative buy rating and a $2.50 price target - more than double its current trading price.
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Revett Minerals dealt another blow as it cuts workforce on delays at Troy mine
Revett Minerals (NYSE MKT:RVM) (TSE:RVM) plunged almost 25 per cent on Thursday after the company said it must slash its workforce at its Troy mine amid some unexpected structural damage found as part of its underground development work.
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Sunridge Gold defines sixth mineral resource at Asmara project
Sunridge Gold Corp. (CVE:SGC) has added more good news to an already auspicious month with the completion of a mineral resource estimate for the Kodadu target on the company’s Asmara project in Eritrea, the sixth such mineral resource defined by the Vancouver-based exploration and development company on the property.
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UPDATE - Aureus Mining's DFS ups reserves, reduces costs
The new DFS for Aureus's New Liberty gold mine in Liberia has increased the net present value of the asset, and points to lower operating costs and improved proven plus probable reserves.
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Sacre-Coeur Minerals' constant work to refine procedures pays off with low cash costs
Amid declining gold prices, several miners are struggling to keep costs down, but Sacre-Coeur Minerals (CVE:SCM) (OTC:SCRMF) is not one of them. The company boasts all-in cash production costs of less than $500 an ounce at its alluvial/elluvial operations in Guyana.
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