BAA(.21)~ Profitable, Most Undervalued Gold Mine~ New

New Post Public Reply Private Reply Replies (0) Message Board
mellon MicroCapStocksRock #21
BAA(.21)~ Profitable, Most Undervalued Gold Mine~ New DD

1) BAA~ Banro is a Canadian gold company, its shares trade on TSX and NYSE/AMEX

Banro is a Canadian gold company with production from its first gold project, Twangiza, which is located in the Democratic Republic of the Congo. Banro is also focused on the development of its second open pit project Namoya and is undertaking exploration on two further fully permitted and licensed projects, Kamituga and Lugushwa. All Banro's current projects lie along the 210 km long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the DRC.

http://www.banro.com


2) BAA~ Banro has 4 open pit Gold mines..


A) Banro's Twangiza commenced production in 2011

Twangiza (Oxide) became Banro's first producing open pit gold mine when it entered production in October 2011, commencing commercial production in September 2012. With mill throughput at full capacity of 1.7 million tonnes per year, Twangiza (Oxide) is projected to produce upwards of 10,000 ounces of gold each month with an expected mine life of seven to eight years from currently-defined reserves.
Twangiza is the most advanced of Banro's four properties with a Mineral Reserve of 13.69 million tonnes grading 2.34g/t Au containing 1.03 million ounces of gold. The Twangiza deposit is comprised of two resource components -- an oxide portion and a transition rock/fresh rock portion -- with a focus on the oxide component which has a Measured & Indicated Resource of 15.56 million tonnes grading 2.21/t Au containing 1.10 million ounces of gold and an Inferred Resource of 1.27 million tonnes grading 1.35g/t Au containing 60,000 ounces of gold. 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.

http://www.banro.com/s/Twangiza.asp?ReportID=307249

FOR PICTURES: http://www.banro.com/s/Photos.asp?ReportID=539736


B) Banro's Namoya commenced production at Q2 2014

Banro's Namoya (oxide) project began construction in the fourth quarter of 2012 and completed construction and began commissioning during Q2 of 2014. At full capacity, the Namoya mine is expected to produce roughly 9,000 to 10,000 ounces per month.
Namoya has a Proven & Probable resource of 23.00 million tonnes grading 2.34g/t Au containing 1.03 million ounces of gold. Measured and Indicated resources at Namoya are 29.78 million tonnes grading 1.91g/t Au containing 1.83 million ounces of gold plus an Inferred resource of 6.52 million tonnes grading 1.61g/t Au containing 340,000 ounces of gold. The updated resource calculation used a cut-off grade of 0.4g/t Au.
Field crew members check core at drill site.
The Namoya property lies at the southern end of the Twangiza-Namoya gold belt in Maniema province, approximately 225 kilometers southwest of Bukavu and consists of one PE covering an area of 174 square kilometres.


http://www.banro.com/s/Namoya.asp

FOR PICTURES http://www.banro.com/s/Photos.asp?ReportID=662856


C) Banro Lugushwa Project


Drilling has intercepted wide zones of gold mineralization at Lugushwa, the oxide portion of which has an Indicated Mineral Resource of 16.91 million tonnes grading 1.35g/t Au containing 730,000 ounces of gold and an Inferred Resource of 6.17 million tonnes grading 1.56g/t Au containing 310,000 ounces of gold. Lugushwa (transition and fresh rock) has an Inferred resource of 65.01 million tonnes grading 1.54g/t Au containing 3.22 million ounces of gold. Senior project geologist checks drill core
The three Lugushwa exploration permits, covering an area of 641 square kilometers, are located approximately 150 kilometres southwest of the town of Bukavu.



http://www.banro.com/s/Lugushwa.asp


D) Banro Kamituga Project

In February 2011, Banro established its first exploration camp at Kamituga and began exploration of this high potential project, which has a long history of significant gold production.
Kamituga is located 100 kilometres southwest of Bukavu and consists of three PEs covering an area of 649 square kilometres.
Of Banro's four major properties, Kamituga has the longest history of substantial previous alluvial and underground mining operations. Kamituga has an Inferred resource (surface) of 4.14 million tonnes grading 2.40g/t Au containing 32,000 ounces of gold and an Inferred (underground) resource of 3.12 million tonnes grading 6.00g/t Au containing 60,000 ounces of gold.

http://www.banro.com/s/Kamituga.asp?ReportID=307256


3) BAA~ Banro Gold Resources is 8.35 Million ounce on 11.8% of concession area explored to date


http://www.banro.com/i/pdf/Exploration-Potent...y-2014.pdf

http://www.banro.com/s/Resources.asp


4) BAA~~ Financials

BAA started to production in 2012

Revenue in 2012: 42.6 million dollars/ Net Profit: -$4.56 Million
Revenue in 2103: 111.8 million dollars/ Net Profit: $1.63 million
Revenue in 2014: 125.4 million dollars/ Net Profit: $320K


So the company posted Net profit in 2013 and 2014.

http://www.banro.com/i/pdf/2014AnnualReport.pdf



5) BAA~ Book value per share 1.95 dollars

Total Equity: 492.5 million dollars.

Book Value: Total Equity/ Outstanding shares

Book value: $492.5 million/ 252 million shares= 1.95 dollars

http://www.banro.com/i/pdf/2014AnnualReport.pdf


6) BAA~ Production increased 19% in 2014, Cash Cost per ounce decreased 18% to $683 dollars per ounce .

For 2014:OPERATIONAL HIGHLIGHTS

Production increase by 19% to 98,184 ounces of gold in 2014 (82,591 ounces in 2013); 29,445 ounces in Q4 2014 (22,858 ounces in Q4 2013)
In 2014, 101,225 ounces of gold were sold at an average price of $1,239 (80,497 ounces of gold were sold at an average price of $1,389 per ounce in 2013)
2014 cash costs per ounce at Twangiza decreased 18% to $683 per ounce from $836 per ounce in 2013 . AISC of $781 per ounce for full year 2014
Cash costs for Q4 were $592 per ounce as the Twangiza plant delivered 91% of steady state ounce production over a stabilized cost structure. The second half of 2014 cash cost of $605 per ounce showed strong evidence of consistent financial performance.

http://news.banro.com/press-releases/banro-an...1000581001

For 2015:
Twangiza - 110,000 to 120,000 ounces
Namoya 1H 2015 - monthly production of up to 5,000 ounces
Namoya 2H 2015 - monthly production of up to 8,000 ounces


2015 TOTAL - 200,000 to 220,000 ounces

http://news.banro.com/press-releases/banro-an...0963388001


7) BAA~ at Q1, 2015 record production: 45,197 ounce Gold a 78% increase over Q1 2014 .

COMPANY Q1, 2015 OPERATIONAL HIGHLIGHTS

Twangiza produced 35,943 ounces of gold in the first quarter of 2015, a 78% increase over Q1 2014 (20,137 ounces in Q1 2014), successfully managing the adverse impact of the rainy season.
Process plant throughput achieved 101% of the 1.7 million tonnes per annum ("Mtpa" annualized design capacity and more importantly, 3 quarters of consistent incremental improvement.
Twangiza processed up to 28% of transition material to assist with the feed blend during the last two quarters, even though this material is not included in the Company's mineral reserves.
Together, Twangiza and Namoya produced 45,197 ounces of gold during Q1 2015.

VERY IMPORTANT FINANCIAL UPDATE

The Company received US$20 million of the US$40 million from the Twangiza gold forward sale agreements and expects to close on the remaining funds, as well as the Namoya
Quote:
stream financing, in mid-April
.

http://news.banro.com/press-releases/banro-an...1000458001



8) BAA~ has 252 million Outstanding shares.

Banro's top 12 institutional holders.


BlackRock Global Funds - 5.88% 14,819,276
Investors Canadian Natural Res- 5.09% 12,825,500
Gramercy Funds Management LLC- 4.31% 10,873,150
BlackRock Gold & General Fund- 4.03% 10,158,900
Geologic Resource Partners LLC- 3.57% 9,000,000
Mackenzie Financial Corp.- 2.95% 7,425,000
I. G.Investment Management Ltd.- 2.95% 7,425,000
Advisors InnerCircle II- 1.82% 4,576,000
Investors Global Natural Res.- 1.79% 4,500,000
Canadian Small Cap Fund- 1.50% 3,778,450
Wellington Management Co. LLP- 1.15% 2,897,513
Canada Pension Plan- 0.98% 2,467,000

http://money.cnn.com/quote/shareholders/share...titutional

% Held by Insiders1: 8.25%
% Held by Institutions1: 32.30%

http://finance.yahoo.com/q/ks?s=BAA+Key+Statistics


9) BAA~ Holistic financing done: Total $156 million


- Banro closes a US$35.5 million liquidity backstop facility

- Banro signs a non-binding Memorandum of Understanding for gold sale/streaming transactions for aggregate proceeds of US$121 million

http://news.banro.com/press-releases/banro-an...0963388001


10) BAA got $100 million NON-DILUTIVE financing


BAA Management: "Companies liquidity needs have been met for 2 years"

"Management believes that the US$100 million of capital is more than sufficient to meet the Company's liquidity needs over the next two years as it completes the Namoya ramp-up, with a sufficient cash cushion to absorb normal course volatility in gold prices and production."


http://www.marketwired.com/press-release/banr...995936.htm


11) BAA~ Banro has experienced Management Team

Chairman Richard Brissenden


Richard Brissenden is a mining executive and corporate director with over thirty years of experience in the resource sector. A Chartered Professional Accountant (CPA, CA) and Certified Director (ICD.D), he serves on the board and audit committee for several mining companies, including McEwen Mining, Ryan Gold Corp., and Corona Gold Corporation. As chairman and president of Excellon Resources Inc. from 1991 to 2008, he led the company through the discovery, development and production stages of a high-grade silver/lead/zinc mine in Northeastern Mexico. He has also been a director of HudBay Minerals Inc., as well as president of a gold producer in Alaska, and president of a mine finance house with interests in over fifty junior mining companies. He is a member of the Institute of Chartered Accountants of Ontario and the Institute of Corporate Directors.

CEO John Clarke


Dr. Clarke is a non-executive director of Great Quest Metals Ltd. Most recently, served as the CEO of Nevsun Resources Limited, which successfully brought the Bisha Mine into production in Eritrea. Prior to joining Nevsun in 1997, Dr. Clarke was an Executive Director of Ashanti Goldfields Company Limited of Ghana, where he helped establish Ashanti's gold exploration program throughout sub-Saharan Africa. Dr. Clarke holds a Ph.D. in metallurgy from Cambridge University and M.B.A. from the University of Middlesex.

http://www.banro.com/s/Directors.asp

New CFO from Barrick Gold:


Kevin Jennings will be joining Banro as Senior Vice President and Chief Financial Officer effective September 1, 2014. Kevin has over 20 years' experience in corporate finance, corporate development, strategy and senior management positions with global mining companies. Most recently, Kevin served as CFO of SUN Gold. Prior to that, he led the successful IPO of African Barrick Gold where he held the role of CFO, and over his career has managed mining international acquisitions, divestitures and project investments worth more than US$10 billion. Kevin has also served in senior corporate roles with Barrick Gold, (Vice President, Corporate Development), Xstrata Nickel, (Director, Business Optimization), Falconbridge (Director, Business Development), and American Racing Equipment (CFO). Kevin is a Chartered Accountant with a BA in Administrative studies (Honours Accounting) from York University and a BA in Economics from the University of Western Ontario.

http://news.banro.com/press-releases/banro-an...0963388001


12) The financial analysts covering Banro Corporation are listed below.


Firm Analyst Phone

GMP Securities Brock Salier +44 207 106 1904
CIBC World Markets Cosmos Chiu +1 (416) 594-7106
BMO Capital Markets Andrew Breichmanas +1 (416) 359-8387
Goldman Sachs (UK) Owen Scarrott +44 207 552 9935

http://www.banro.com/s/AnalystCoverage.asp


13) Banro Corporate offices and contact numbers


Corporate Office:
Address: 1 First Canadian Place
100 King St. West, Suite 7070, P.O. Box 419
Toronto, ON
Canada M5X 1E3
Telephone: +1 416-366-2221
Fax: +1 416-366-7722

Kinshasa Office:
Address: 14, avenue Sergent Moke
Concession Safricas
C/Ngaliema, Kinshasa
Democratic Republic of the Congo
Telephone: +243 812 686 096
Fax: +243 812 616 096

Bukavu Office: Banro Congo Mining SARL
Address: 15 Avenue Mwanga
Muhumba, Ibanda
Bukavu, South Kivu
Democratic Republic of the Congo
Telephone: +243 810 393 534

Twangiza Mine: Twangiza Mining SARL[/b
Telephone: +1 647 258 6373

Namoya Project: Namoya Mining SARL
Telephone: +1 647 931 3888

Bankers: TD Canada Trust
Address: 141 Adelaide St. West
Toronto, ON
Canada M5H 3M7

Main Transfer Agent: Equity Financial & Trust Company
Address: 200 University Avenue, Suite 400
Toronto, ON
Canada M5H 4H1
Phone: +1 866 393 4891 (ext 205)
Email: investor@equityfinancialtrust.com

Auditors: Deloitte & Touche LLP
Address: 181 Bay Street
Brookfield Place, Suite 1400
Toronto, ON
Canada M5J 2V1

Legal Counsel: Norton Rose Fulbright Canada LLP
Address: TD Centre, CP Tower
100 Wellington St. West, Suite 500
Toronto, ON
Canada M5K 1H1

http://www.banro.com/s/CorporateDirectory.asp

BAA(.21) can be the next FNMA

remember FNMA alerted at .22 and hit 6.40 dollars last year.

Banro Corp. (BAA) Stock Research Links

BAA Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Regeneron: Investors Face Class Action Over Study Flaws

Updated Category News Views 3

Regeneron Investors Grit Teeth Amid Lawsuit Drama The gloves are off in the pharmaceutical battleground, folks. Investors who thought they were riding the big wave with Regeneron Pharmaceuticals (NASDAQ: REGN) are now staring down the barrel of a class action lawsuit. It seems the company’s been caught in a storm of legal action following allegations of misleading...

Continue Reading
Connected Retail Security: Rising Risks and Fragmented Roles

Updated Category News Views 2

Cyber Threats in the Connected Retail Landscape The retail world isn't what it used to be. Walk into a store today, and you're greeted not just by products but a web of interconnected systems screaming for attention. Sure, you've got your old-school POS systems humming along, but they're just one brittle cog in a rattling machine of IoT devices, cloud platforms, and...

Continue Reading
King Risk Partners Expands Mid-Atlantic Presence Boldly

Updated Category News Views 1

King Risk Partners Grows with New Jersey Acquisition You don't get far in the insurance game without making some bold moves, and King Risk Partners just made a big one—sweeping into New Jersey. They've snagged Conover Beyer Associates Insurance, a firm that's been around longer than some European countries. It's not every day you buy a piece of history, but that's...

Continue Reading
Cheetah Mobile Q2 2026 Results: What's on the Horizon?

Updated Category News Views 1

Anticipation Builds for Cheetah Mobile's Q2 Results Nine rounds into the slugfest that is the 2026 market, we've got another round approaching—Cheetah Mobile is set to unveil its second quarter numbers on September 11th. This isn't some sleepy, run-of-the-mill report either; NYSE:CMCM is a player with skin in the IT game, and commentators are eyeing the clock with...

Continue Reading
Long Island's JCC Boosted by Manes Family Legacy

Updated Category News Views 2

Unpacking a Monumental Gift to Long Island's Jewish Community Right out of the gate, this is a big one for the folks over at the Mid Island Y JCC in Plainview, Long Island. They've just hit the jackpot with a historic naming gift, transforming the place into the Manes JCC. Now, why does this matter to anyone keeping tabs on the nonprofit world? Because gifts like these...

Continue Reading
Missouri American Water's $34.5M Neosho Acquisition Outline

Updated Category News Views 3

Missouri American Water Expands in Neosho, Missouri Well, buckle up because Missouri American Water just sealed the deal to take over Neosho's water and wastewater systems. This acquisition cost them a cool $34.5 million and is bringing 5,400 water and another 5,400 wastewater customers into the fold. Plus, they're welcoming onboard 25 local workers who've been in the...

Continue Reading
Jim Morey Joins Pickleman's to Drive Expansion

Updated Category News Views 3

Jim Morey: Catalyst for Pickleman's Ambitious Dreams You ever heard of a sandwich joint ready to take on the big leagues? Because that's just what Pickleman's Gourmet Café is banking on with their latest move—tapping none other than Jim Morey for their executive advisory board. And let me tell ya, this ain't some run-of-the-mill hire. We're talking about a guy who's...

Continue Reading
Stronghold's Unfulfilled Promise May Cost Coachella Millions

Updated Category News Views 1

Coachella's Taxpayer Gamble City of Coachella decided to pull the plug on a deal that could've kept wallets fuller around here. Stronghold Power Systems officials say their shot at leading the municipal utility project got snagged by some bureaucratic red tape or maybe something else. Procurement Process: Two-year-long selection. Investment by Stronghold: $8 million of...

Continue Reading
LaserPecker Debuts U1: Innovations in UV Laser Engraving

Updated Category News Views 0

An Eye on the Future with LaserPecker's U1 This ain't your typical innovation announcement. LaserPecker is shifting the sands with their latest release, the U1, at IFA 2026 in Berlin. For anyone sick of struggling with transparent materials like glass and crystal, this thing promises to be a game-changer, boasting cutting-edge technology in UV laser engraving. While...

Continue Reading
Smithfield's Foreign Lobbying Interests Unveiled Amid Uproar

Updated Category News Views 2

A Behind-the-Scenes Drama Over Lobbying Disclosure Something's fishy beneath the surface of Smithfield Foods' recent lobbying debacle. The Center for Responsible Food Business (CRFB) has turned the spotlight on some shady practices, and folks, it ain't pretty. Smithfield's lobbyists had been ducking disclosure rules apparently meant to keep track of foreign influence. Who...

Continue Reading

Top 5 Most Recently Viewed Articles

Market Movements Indicate Potential for Uber Technologies Growth

Updated Category News Views 162

Understanding Recent Market Movements for Uber Technologies Investors with substantial capital are showing a growing optimism towards Uber Technologies (NYSE: UBER). The trends observed in the options market suggest noteworthy developments that could influence future performance. Recent activities hint at a possible shift in the company’s trajectory, with many players...

Continue Reading
Investors Eye Class Action Suit Against Telix Pharmaceuticals

Updated Category News Views 182

Class Action Lawsuit Filed Against Telix Pharmaceuticals In recent legal developments, a class action lawsuit has been initiated on behalf of investors in Telix Pharmaceuticals Ltd. (NASDAQ: TLX). This lawsuit concerns the company's securities transactions that occurred between specific dates. If you have purchased any securities of Telix during this specified timeframe,...

Continue Reading
Mid-Year Crypto Performance: Bitcoin Leads While Others Struggle

Updated Category News Views 117

Overview of the Crypto Market in 2025 The first half of 2025 has seen a substantial shift in the cryptocurrency landscape. Despite a total market capitalization exceeding $3 trillion, only a handful of cryptocurrencies have shown significant gains. This fragmentation underlines the varied performance across different assets within the market. Bitcoin and Fartcoin Take the...

Continue Reading
Karyopharm's Phase 3 Trial: A Glimpse into Myelofibrosis

Updated Category News Views 10

Karyopharm's Upcoming Investor Call: A Big Moment There's a buzz in the air, folks. Karyopharm Therapeutics, the brain behind some nifty cancer treatments, is gearing up for an investor shindig. Slated for June 2, 2026, the company aims to lay out the nitty-gritty of its Phase 3 SENTRY trial at 2:00 p.m. ET. With Dr. John Mascarenhas, a heavyweight in the myelofibrosis...

Continue Reading
Continued Growth and Cost Cuts at Hooker Furnishings Q1 Results

Updated Category News Views 112

Overview of Operating Results at Hooker Furnishings Hooker Furnishings Corporation (NASDAQ: HOFT) has reported noteworthy developments in its operating results for the first quarter of fiscal 2026. The company is recognized for its long-standing presence and commitment to producing exquisite home furnishings. By implementing various cost-saving initiatives, Hooker has...

Continue Reading