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Banro Corp. (BAA)

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Last Post: 11/22/2017 2:27:49 AM - Followers: 324 - Board type: Free - Posts Today: 1

Banro is a Canadian gold company with two wholly-owned producing gold mines and two wholly-owned advancing gold exploration projects in the Democratic Republic of the Congo. The Twangiza mine produced 135,532 oz 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 and an Inferred resource of 5.08 million oz Au, Banro’s properties host a major gold resource.

 

Banro Corporation

Banro is a Canadian gold company with two producing gold mines and two advancing gold exploration projects in the South Kivu and Maniema Provinces of the Democratic Republic of the Congo (DRC). These four, wholly-owned gold properties comprise 13 Exploitation Permits (mining licenses) covering a total area of 2,616 square kilometers. They are located along the 210 km, north-east to south-west trending Twangiza-Namoya gold belt. The gold belt is located in Proterozoic and Archean age rocks in the northern half of the Great lakes sub-province.

Mining & Exploration

The Company’s two operating gold mines are Twangiza, which produced 135,500 oz Au in 2015, and Namoya, which entered commercial production in January 2016 and has production targets of 9,000 to 10,000 oz Au per month. Multiple new exploration targets have been identified on both the Twangiza and Namoya properties. Meanwhile, exploration is ongoing at the fully permitted and licensed projects of Kamituga and Lugushwa.

In addition to these four licensed projects, Banro also holds 14 exploration permits covering 2,638 square kilometres and located on highly prospective ground between its Twangiza and Lugushwa projects. Applications for additional exploration permits contiguous to and located between the Company's Lugushwa and Namoya projects, along with areas south of Twangiza, are pending.

To date, only 12 percent of the concession area has been explored using modern exploration techniques.

Qualified Person Daniel K. Bansah, who is a Member of the Australasian Institute of Mining and Metallurgy (Aus.I.M.M), the Company's Vice President, Exploration and a "qualified person" (as such term is defined in National Instrument 43-101), has reviewed and approved the technical information included on this web site with respect to the Company's gold properties.




The first of Banro's two gold mines, Twangiza is targeted to produce 110,000 to 120,000 oz Au in 2016

Twangiza Mine
Twangiza became Banro's first producing open pit gold mine in October 2011, and commenced commercial production in September 2012. With mill throughput currently operating slightly above capacity of 1.7 million tonnes per year, Twangiza in 2015 produced 135,532 ounces of gold. The mine has an expected life of 14 years from currently defined reserves.

The property is located 45 kilometres south-southwest of Bukavu in South Kivu Province and consists of six Exploitation Permits covering 1,164 square kilometres in the highly-prospective 210km long Twangiza-Namoya gold belt.

Twangiza is the most advanced of Banro's four properties with a Mineral Reserve of 27.67 million tonnes grading 2.05 g/t Au containing 1.82 million ounces of gold. Measured and Indicated resources at Twangiza are 99.35 million tonnes grading 1.47 g/t Au containing 4.69 million ounces of gold plus an Inferred Resource of 9.83 million tonnes grading 1.17 g/t Au containing 370,000 oz Au. The updated resource calculation used a cut-off grade of 0.4 g/t Au.

The Twangiza deposit is comprised of two resource components - an oxide portion and a transition rock/fresh rock (non-oxide) portion. The current activities involve mining and processing a blend of both oxide and non-oxide material within the reserve pit shell using the existing plant. Exploration activities are focused on growing the oxide resource.

In 2016, management efforts will focus on increasing plant production through expansion of the fine crushing circuit. This is expected to create a finer grind which is more amenable for improved leach dissolution. The additional crushing equipment has been procured and is expected to be commissioned in the third quarter of 2016.

The most recent technical report with respect to Twangiza that has been filed by Banro on SEDAR is dated July 29, 2015 and entitled NI 43-101 Technical Report, Mineral Resource and Reserve Update, December 31 2014, Twangiza Gold Mine, Democratic Republic of the Congo. A copy of this report may be accessed at www.sedar.com.


 

Banro's second gold mine, Namoya, began commercial production on January 1, 2016

Namoya Mine

Banro's Namoya (oxide and free-milling) mine entered commercial production on January 1, 2016. At full capacity, the Namoya mine, a hybrid heap leach – CIL plant, is expected to produce 9,000 to 10,000 ounces of gold per month.

Namoya has a Proven and Probable Mineral Reserve of 20.94 million tonnes grading 2.02 g/t Au containing 1.36 million ounces of gold. Measured and Indicated resources at Namoya are 25.68 million tonnes grading 1.96 g/t Au containing 1.62 million ounces of gold plus an Inferred Resource of 5.03 million tonnes grading 1.63 g/t Au containing 260,000 oz Au. The updated resource calculation used a cut-off grade of 0.4 g/t Au.

The Namoya property lies at the southern end of the Twangiza-Namoya gold belt in Maniema province, approximately 210 kilometers southwest of Twangiza and consists of one PE covering an area of 174 square kilometres.


 

Mineral Reserves, As At December 31, 2015


Mine/Project/Category
Tonnes
(Mt)
Grade
(g/t Au)
Gold
(Mozs)
Twangiza
Proven 6.21 2.19 0.44
Probable 21.47 2.01 1.39
Total Proven & Probable 27.67 2.05 1.82
Namoya
Proven 17.90 2.10 1.21
Probable 3.04 1.53 0.15
Total Proven & Probable 20.94 2.02 1.36
TOTAL MINERAL RESERVE
Proven 24.10 2.12 1.65
Probable 24.50 1.95 1.54
Total Proven & Probable 48.61 2.03 3.18

Note: Rounding of numbers may result in computational discrepancies.Mineral Reserves included in Mineral Resources.

Mineral Resources, As At December 31, 2015


Mine/Project/Category

Tonnes
Grade
(g/t Au)
Gold
(Moz)
Twangiza (Oxide)
Measured 2.49 1.99 0.16
Indicated 8.57 1.86 0.51
Measured & Indicated 11.06 1.89 067
Inferred 1.56 1.20 0.06
Twangiza (Transition & Fresh)
Measured 3.11 2.11 0.21
Indicated 85.18 1.40 3.81
Measured & Indicated 88.29 1.42 4.02
Inferred 8.27 1.17 0.31
Namoya (Oxide & Free-milling)
Measured 20.44 2.02 1.33
Indicated 5.24 1.73 0.29
Measured & Indicated 25.68 1.96 1.62
Inferred 5.03 1.63 0.26
Lugushwa (Oxide)
Indicated 16.91 1.35 0.73
Inferred 6.17 1.56 0.31
Lugushwa (Transition & Fresh)
Inferred 65.01 1.54 3.22
Kamituga
Inferred (Surface) 4.14 2.40 0.32
Inferred (Underground) 3.12 6.00 0.60
TOTAL MEASURED & INDICATED 141.94 1.54 7.04
TOTAL INFERRED 93.29 1.70 5.08



www.banro.com/assets/pdf/2016-09-banro-presentation.pdf

 

 

 

 

 
Common Shares Outstanding 302,309,005
Options 20,414,192
Warrants 34,200,0001
Exchangeable Preferred Shares 63,000,0002
Series A Preference Shares 116,0003
 

 

 

 

 

 

 

 

 

 

 

 







 



















 

Research Links for Due Diligence on Banro & BAA Research
www.banro.com/s/QwikReport.asp
www.banro.com/s/Home.asp
stockcharts.com/charts/gallery.html
http://canadianinsider.com/node/7?menu_tickersearch=BAA
http://investors.morningstar.com/ownership/shareholders-overview.html?t=BAA
http://www.nasdaq.com/symbol/baa/institutional-holdings
http://investing.money.msn.com/investments/institutional-ownership?symbol=BAA
http://www.sec.gov/cgi-bin/browse-edgar?CIK=BAA&Find=Search&owner=exclude&action=getcompany
http://www.sedar.com/search/search_form_pc_en.htm


 
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BAA News: Report of Foreign Issuer (6-k) 11/13/2017 12:52:27 PM
BAA News: Report of Foreign Issuer (6-k) 11/08/2017 01:55:07 PM
BAA News: Report of Foreign Issuer (6-k) 11/06/2017 04:52:26 PM
BAA News: Report of Foreign Issuer (6-k) 10/26/2017 02:47:24 PM
BAA News: Report of Foreign Issuer (6-k) 09/25/2017 03:24:27 PM
PostSubject
#62795  Sticky Note Banro Provides Corporate Update 11.13.2017 captainscotty 11/13/17 12:24:38 PM
#63012   BAA.TO daily and weekly charts. StockItOut 11/22/17 02:27:49 AM
#63011   Thanks for clarification as to halt on BAA.TO. StockItOut 11/21/17 11:36:11 PM
#63010   People claiming opposite of their actions are to disregarded. StockItOut 11/21/17 11:28:17 PM
#63009   Good luck to you. StockItOut 11/21/17 11:23:48 PM
#63008   Kipsme, you realize Lleapard is documenting these posts. Elevation 11/21/17 08:15:07 PM
#63007   Good point equijohn 11/21/17 07:04:45 PM
#63006   -8.22% Loss is not much for a worthless stock BAA_Up 11/21/17 07:03:09 PM
#63005   That is hopeless BAA_Up 11/21/17 06:58:28 PM
#63004   Yes, thank you, I have seen. BAA_Up 11/21/17 06:52:40 PM
#63003   I am not on the board to have kpisme 11/21/17 05:38:44 PM
#63002   How about an obvious question: Who is kpisme 11/21/17 05:35:08 PM
#63001   SHORT would be entering the trade with a StockItOut 11/21/17 04:57:19 PM
#63000   Are you saying a 50% drop would be bad? StockItOut 11/21/17 04:54:22 PM
#62998   I see the run. Down. Not up. StockItOut 11/21/17 04:49:41 PM
#62997   OMG that is SO MUCH, some SHORT is SCARED ! kpisme 11/21/17 04:44:33 PM
#62996   Yes that Halt (cough..) caused so much trouble kpisme 11/21/17 04:36:46 PM
#62995   Already replied, see 62994, fits. kpisme 11/21/17 04:30:28 PM
#62994   The negativism continues from the normal outlets of kpisme 11/21/17 04:25:20 PM
#62992   BAA under $.10 eod. $0.968 low. 250,000 share StockItOut 11/21/17 04:16:25 PM
#62991   Well..... Looks like IIROC agrees with MY opinion, not yours. N4longterm 11/21/17 04:08:20 PM
#62990   They didn't do 2017 Q3 financials. What StockItOut 11/21/17 03:58:24 PM
#62989   Didn't seem to effect BAA trading today, as StockItOut 11/21/17 03:46:41 PM
#62988   Congratulations to everyone who has sold BAA on time. BAA_Up 11/21/17 03:21:07 PM
#62987   NOthing to be ConfuseD about! kpisme 11/21/17 02:37:41 PM
#62986   Mngt will be confused in tizzy as to compliance. StockItOut 11/21/17 01:22:20 PM
#62985   If IIROC staff notice erratic price moves in MemoryLeaks 11/21/17 09:11:37 AM
#62984   TORONTO, Nov. 21, 2017 /CNW/ - The following MemoryLeaks 11/21/17 08:59:01 AM
#62981   LONGS are beat up, down 99%. Not positive StockItOut 11/20/17 10:44:03 AM
#62978   We have all heard of a Little Lie. kpisme 11/20/17 10:12:55 AM
#62977   Yes Banro Disappoints Everyone WHO SELLS kpisme 11/20/17 10:08:53 AM
#62976   Sorry but good money managers know not to kpisme 11/20/17 10:06:04 AM
#62973   Shorts still dragging the DEAD IDEA around that kpisme 11/20/17 09:55:59 AM
#62968   "I think that is highly provable." Then StockItOut 11/20/17 09:49:14 AM
#62966   Thanks for being so forthright. Regarding Banro. StockItOut 11/20/17 09:41:31 AM
#62964   "I did not take down Martin Jones name. StockItOut 11/20/17 09:23:42 AM
#62961   LLepard...The company Banro has disappointed many investors. BAA_Up 11/19/17 11:29:55 PM
#62956   STOCK IT OUT LLepard 11/19/17 07:50:28 PM
#62948   Investorwisdom, although lost all his money with BAA, StockItOut 11/18/17 12:44:14 PM
#62947   BAA is a dual-listed stock. StockItOut 11/18/17 12:40:16 PM
#62946   #BAA: Just maybe...:-}? "Banro mngt manipulated BAA captainscotty 11/18/17 07:00:28 AM
#62943   BAA dead in the water. See Allied JohnCM 11/17/17 05:32:11 PM
#62941   BAA Yahoo Price Target is 155$ Per Share Stockexpertpro 11/17/17 12:38:14 PM
#62940   Agree, and BAA will gap to $.03 on StockItOut 11/17/17 12:23:51 PM
#62939   BAA Going Green Wow!!! First Green on this Stockexpertpro 11/17/17 12:22:09 PM
#62936   That's funny, just days ago LONG was rooting StockItOut 11/17/17 11:30:45 AM
#62933   Poop pile Conspiracy theory without any more than kpisme 11/17/17 10:45:35 AM
#62931   Better odds Banro itself will sell for you. StockItOut 11/17/17 10:42:07 AM
#62930   Yes and let us not the postings from kpisme 11/17/17 10:40:52 AM
#62927   Already replied to this FAIRY TALE DREAM FOR SHORTS. kpisme 11/17/17 10:35:48 AM
#62925   Not entirely, but more information has come forth LLepard 11/17/17 10:33:48 AM
PostSubject