Namoya produced 28,190 ounces of gold in the third quarter of 2016, in-line with steady state production levels. Banro remains on track to meet 2016 annual gold production guidance. "We are very pleased with Namoya's third-quarter performance, which is in-line with steady-state operations," said Banro President and CEO John Clarke.
Twangiza poured 34,824 ounces of gold in the third quarter, bringing year-to-date production to 105,092 ounces of gold. This exceeds the low end of the original full-year production guidance for 2015.
In January 2017, Banro Corporation, a Canadian gold mining company in the Democratic Republic of Congo, underwent recapitalization to cope with financial distress, and to optimize its operations of mining assets. Since the commencement of commercial mining in 2009, unexpected social conflicts and operational challenges had led to significantly lower production than …
Twangiza and Namoya produced a combined 49,673 ounces of gold during the second quarter of 2016, for year-to-date total production of 93,865 ounces of gold. Both figures represent record ...
Banro Corporation is a Canada-based gold mining company focused on production from the Twangiza oxide mine and development of four additional major, wholly-owned gold projects, each with mining ...
Eventually Banro cut streaming and forward agreements with Gramercy, which meant Banro agreed to sell a portion of its gold production at prices far below market rate.
The shareholders and management of Canadian firm Banro Corp have made a strategic decision to help the company claw its way out of its crisis: sell its South Kivu gold mine Twangiza.Talks with the buyer, Baiyin International Investments (Baiyin), have already led to a deal. Negotiations The agreement, by which Baiyin, the investment arm of Chinese mining …
Twangiza Mining SA is a subsidiary of the Banro Corporation and the Twangiza Mine is remotely located in the South Kivu Province of the Democratic Republic of the Congo. The Twangiza Mine operates open pits on several deposits and targets a 1.7 Mtpa throughput utilising a hybrid carbon-in-leach (CIL) circuit consisting of crushing, washing ...
Banro told Reuters in February it was looking to sell Namoya at a discount, after it was forced to suspend operations there and at several other mine sites. Under the deal, which is subject to final approval from Congo's government, Banro would receive a perpetual royalty for all production from the Namoya property, it said on Tuesday.
Banro Corporation has set in motion a plan to revive its two operating gold mines in the Democratic Republic of Congo (DRC).
Banro (TSX: BAA; NYSE-MKT: BAA) has crafted a large financing plan to improve its liquidity and ability to bring Namoya, its second gold mine in the Democratic Republic of the Congo (DRC), to full production. The plan includes a US$35.5…
The Congolese entrepreneur's purchase of Banro Corp has been approved by the Canadian gold company's board. Nyafé, who lives in Colombia, has taken over the investment vehicle that bought all of - 3/1/2023
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and completion of its second gold mine at ...
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza oxide mine and development of three additional major, wholly-owned gold projects, each with mining ...
In February an armed attack on the Twanziga gold mine, another Banro property, left four dead, including three policemen. ... Gold production reached a record 502,029 oz. in 2024.
Banro Corporation is pleased to announce that its Namoya mine in the Democratic Republic of the Congo successfully began gold production with the pouring of the first 320 ounces on December 30 ...
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 ...
Baru Gold has been looking to bring the Sangihe gold project, situated on the Indonesian island of the same name, into production. March 17, 2025 | 02:05 pm {{ commodity.name }}
The Namoya project is one of the four gold properties of Banro in the South Kivu and Maniema Provinces. The exploration permit for the mine covers 174km² and is divided into four main deposits namely Mt. Mwendamboko, Muviringu, Kakula and Namoya Summit. Auriferous vein system is prominently found at the surface of th…
Before purchasing Namoya, Kasongo will also have to reach an agreement with residents living in the vicinity of the gold mine. For many years, the site has been prey to …
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 …
Brett Richards, the chief executive of Canadian concern Banro Corp is keen to reboot gold production at the company's two eastern Congo-K mines - Namoya and Twangiza - as soon as possible. However, the two sites will only be working at 65% of their full capacity, some 120,000 ounces per annum each. Repeated armed attacks and aging facilities have …
Banro's second producing gold mine, Namoya, began commercial production in 2016. (Image courtesy of Banro.)
Banro Corp. [BAA-TSX, NYSE MKT] has released operating results for the fourth quarter of 2015 and has declared commercial production at its Namoya gold mine. Highlights. The Twangiza Mine produced 30,440 ounces of gold in the fourth …
NYSE- and TSX-listed Banro Corporation, a gold miner focused on the Democratic Republic of Congo (DRC), has reported its highest gold production in December – the company's best quarterly gold production since it began producing gold. Together, Twangiza and Namoya produced 38 236 ounces of gold during Q4 2014, Banro revealed in a statement. Twangiza
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and on production at its second gold mine at ...
Banro is a Canadian-based gold exploration and development company with four wholly-owned properties, each with mining licenses, along a major gold belt of the DRC. ... indicates average production of 312,979 ounces of gold per annum …
C anadian miner Banro Corporation has agreed to sell its Namoya Mining gold mine in Democratic Republic of Congo to Shomka Resources Ltd., in which China's Baiyin International Investments has a minority stake.. Banro …
Banro intends to use the Phase 1 cash flow to build the Company's Namoya heap leach gold project (reference is made to Banro's press release dated January 24, 2011 which outlined production for ...
