BAA~ Profitable, Most Undervalued Gold Mine~ UPDATED

New Post Public Reply Private Reply Replies (0) Message Board
mellon MicroCapStocksRock #41394
BAA~ Profitable, Most Undervalued Gold Mine~ UPDATED DD

*****************************************************************

NEWS OF THE WEEK: $90 MILLION NON-DILUTIVE FINANCING DONE!

CNN Money : Banro Closes Balance of US$90 Million Financing

April 30, 2015: 11:45 AM ET

http://money.cnn.com/news/newsfeeds/articles/...191643.htm

******************************************************************

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

VIDEO:


https://www.youtube.com/watch?v=Ei7C2o5uWkg


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) will be the next FNMA

Remember FNMA Called at .22 in 2012 and hit 6.40 dollars in 2014.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Melissa Rivers Brings Her Wit Back to Emmys Carpet

Updated Category News Views 11

They say you can never go home again, but don't tell that to Melissa Rivers. Rolling the dice on nostalgia and kicking off a new chapter, she's waltzing back to the Emmys red carpet for the first time in nearly 20 years. Alright, what's in it for investors? Not much—unless you're looking to invest in nostalgia. But there's something here about legacy, reinvention, and...

Continue Reading
Streamlined AI Video Analytics for Public Safety Unveiled

Updated Category News Views 3

AI Without the Headache Alright folks, IREX is shaking things up, and not in the usual iterative, bit-by-bit tech progression way. StreamVLM™ has been rolled out as the world's first vision-language model (VLM) analytics engine tailored for the public safety sector—specifically, for cloud platforms. I’ve been around the block enough times to spot a significant shift...

Continue Reading
Jari Spirits Set to Shake Up U.S. Market After Big Wins

Updated Category News Views 4

Korean Spirits Jari Eyes U.S. Market Entry Some stories just have that perfect 'right time, right place' vibe, and CJ Foods' recent splash with their Korean spirits brand jari is one of them. Buckle up, because this one's about a Korean distilling sensation gearing up to hit American shores with a bang. Accolades Pave the Path Jari, the premium Korean distilled spirits...

Continue Reading
Americas Cardroom's Poker Series Hits $7.2M Haul

Updated Category News Views 5

Massive Prize Pools Emerge in Just Four Days I found myself eyeballing some jaw-dropping numbers from Americas Cardroom's latest poker series, the Online Super Series XL. It's not every day you see nearly a hundred tournaments rake in over $7.2 million in prize pools in just four days. From September 6th to 9th, a whopping 62,847 entries signed up to make an honest...

Continue Reading
Fermi's Founder Pushes for Board Overhaul: What's Next?

Updated Category News Views 4

Fermi's Roller Coaster: A Founder’s Stand Seems like Fermi Inc. is on a wild ride through the business landscape, and it's giving shareholders more whiplash than satisfaction these days. Toby Neugebauer, co-founder of Fermi and the loudest voice in the room, is feeling like his company is facing some serious turbulence and seems determined not to sit idly by as it hits...

Continue Reading
Modeling and Mental Health Join Forces for Wellness

Updated Category News Views 3

A Fresh Alliance for Mental Wellness in Modeling Alright, let's shine a spotlight on a significant step in the modeling industry, a place typically less vocal about mental health. In a move that feels long overdue, Brain-Body Therapy and Mother Model Management have joined forces, marking the beginning of a collaborative effort to propel mental wellness to the forefront...

Continue Reading
Intus Bio Secures $2.7M for Colorectal Cancer Test

Updated Category News Views 5

Pioneering Efforts in Early-Onset Colorectal Cancer Detection The battlefield of colorectal cancer prevention just got a serious upgrade with Intus Bio grabbing a $2.7 million award. This ain't just pocket change—it's a shot at rewriting the script on how we approach early-onset colorectal cancer, the pesky number one cancer gnawing at the under-50 crowd. Partnering...

Continue Reading
Supply Maverick Simplifies Global Shipping Processes

Updated Category News Views 5

Paving the Way for Seamless International Shipping Supply Maverick's got a new mantra, folks: simplicity. They're slicing through the mess of international shipping and bringing some much-needed clarity for customers in Canada, Australia, and New Zealand. It’s about time someone shook up the logistics playbook. The Nuts and Bolts of the New Shipping System Imagine being...

Continue Reading
NYSE Reflects on 9/11: Honoring Lives and Legacy

Updated Category News Views 6

A Somber Day at NYSE: Reflecting on 9/11 September 11th grips the heart of NYSE every year, but this year's 25th-anniversary powerfully reverberates through its hallowed halls. The hustle of the trading floor halts for a moment at 9:20 AM ET, paying homage to those lost in the harrowing attacks. I've seen the markets flap in the wind of countless crises, but nothing's...

Continue Reading
QuickFi Nabs Top Finovate Award for Fourth Time

Updated Category News Views 5

An Unstoppable Force in Fintech Well, if QuickFi hasn't made a name for itself in fintech, then folks, I don't know what to tell you. This year, they’ve snagged yet another prestigious Finovate Award—this time for Best SMB/SME Banking Solution. That's not their first rodeo either; it’s the fourth time they’ve walked away winners. It's almost like they're...

Continue Reading

Top 5 Most Recently Viewed Articles

Isotopia's Innovative Partnership Enhances Lupus Treatment Potentials

Updated Category News Views 229

Isotopia and LIVEKIDNEY.BIO Collaborate for Lupus Treatment Isotopia is excited to announce a significant partnership with LIVEKIDNEY.BIO, a forward-thinking biotech company dedicated to advancing therapies for lupus nephritis. This collaboration promises to pave the way for improved treatment options aimed at enhancing the quality of life for patients dealing with this...

Continue Reading
Stock Market Morning Session: Meme Mania - May 15, 2024

Updated Category Markets Views 376

Today's market this morning presents a mixed picture with optimism tempered by caution. Looming closely is the consumer price index which will impact the Federal Reserve's decisions on interest rates. This analysis provides a snapshot of major indices, highlights notable events, and issues investment takeaways. Major Indices Performance: The Dow Jones Industrial Average...

Continue Reading
Petrus Resources Shares Monthly Activity Update

Updated Category News Views 169

Petrus Resources Shares Monthly Activity Update Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to share its latest monthly activity update. This report highlights the Company’s ongoing operations and future plans within the oil and gas industry. Recent Developments at Petrus Resources Petrus has been concentrating on multiple facets of...

Continue Reading
Significant Unit Split Announced by Partners Value Investments

Updated Category News Views 179

Important Unit Split Announcement Toronto, Partners Value Investments L.P. and Partners Value Investments Inc. have revealed a significant ten-for-one unit split of their outstanding equity units. The decision to perform this split aims primarily at enhancing accessibility and improving liquidity for investors, ensuring that their equity remains attractive in the...

Continue Reading
Retirement Dreams Dashed by Builder's Collapse: Consequences

Updated Category News Views 76

The Dream of Retirement in Florida For many, the vision of retiring in Florida represents not just a fantasy but a well-calculated plan. The allure of sunshine, the absence of state income tax, and the bliss of a waterfront home attract retirees yearning to enjoy their hard-earned retirement. However, for some families, this dream took a tragic turn. Promises Made by...

Continue Reading