Banro Corp. announced today that the Company and its Barbados based subsidiaries have commenced restructuring proceedings under the Companies' Creditors Arrangement Act pursuant to an initial order granted by the Ontario Superior Court of Justice on December 22, 2017 . Pursuant to the Initial Order, the Company has obtained protection from its [...]
TORONTO, Dec. 1, 2017 /CNW/ - Banro Corp. announced today that in accordance with the terms of the indenture governing its 10% secured notes due 2021, Banro has elected to defer payment of the approximately US$4.94 million interest payment due on December 1, 2017 . No "Event of Default" will occur under the Indenture if the Interest Payment is [...]
Banro Corp. announced today that it continues to face significant ongoing, operational and financial challenges including short and long term liquidity constraints. The Company's ability to continue operations in the normal course of business is dependent on several factors, including securing funding for operations and to meet upcoming debt [...]
Banro Corp. announces operating results for the third quarter of 2017. Twangiza and Namoya produced 30,297 ounces of gold and 18,533 ounces of gold, respectively, in Q3 2017 for a combined 48,830 ounces of gold during Q3 2017, and year-to-date combined total production of 133,783 ounces of gold. Twangiza Update Q3 2017's results for Twangiza, in [...]
Banro reports that as a result of the closure of road access to the Company's Namoya mine in Maniema Province of the Democratic Republic of the Congo, mining operations at the Namoya mine have been temporarily suspended. The road access closure is due to the activities of local groups against both the local populations and against the DRC national [...]
TORONTO, ONTARIO--(Marketwired - Aug 16, 2017) - Banro Corp. ("Banro" or the "Company") (NYSE American:BAA)(NYSE MKT:BAA)(TSX:BAA) today announced its financial and operating results for the second quarter of 2017. FINANCIAL SUMMARY Revenue of $42 million, a 30% decrease over Q2 2016 ($60 million) Q2 2017 EBITDA of $6.6 million, a 60% decrease [...]
TORONTO, ONTARIO--(Marketwired - Jul 17, 2017) - Banro Corp. ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces operating results for the second quarter of 2017. Twangiza and Namoya produced a combined 38,739 ounces of gold during the second quarter of 2017, for year-to-date total production of 84,954 ounces of gold. Twangiza produced [...]
TORONTO, ONTARIO--(Marketwired - Jul 7, 2017) - Banro Corp. (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) is pleased to announce the appointment of Rory Taylor as Chief Financial Officer of Banro. Mr. Taylor is a senior finance executive with over 18 years of international public company experience. Most recently, Mr. Taylor served as Chief [...]
TORONTO, ONTARIO--(Marketwired - Jul 6, 2017) - Banro Corp. (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) is pleased to report that following the precautionary measures taken to evacuate staff from the Namoya mine on a temporary basis, as reported in the Company's July 3, 2017 press release, staff have now returned to Namoya and mining [...]
Banro reports on activities at the Company's Namoya mine in the eastern Democratic Republic of the Congo. A convoy of 23 trucks belonging to contractors of the Namoya mine and travelling from Baraka, DRC to the Namoya mine with supplies for the mine, was trapped in a cross fire between the Congolese national army and an armed group in Lulimba on [...]
TORONTO, ONTARIO--(Marketwired - Jun 30, 2017) - Banro Corp. ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces that the eight nominees listed in the Company's management information circular for the annual meeting of shareholders of the Company (the "Meeting") held on Friday, June 30, 2017 were elected at the Meeting as directors of [...]
TORONTO, ONTARIO--(Marketwired - June 28, 2017) - Banro Corp. (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) announces that it has received notice from the NYSE MKT LLC (the "NYSE MKT") that Banro is back in compliance with the NYSE MKT's continued listing standards. Specifically, Banro has resolved the continued listing deficiency with respect [...]
