Banro Corporation


Banro’s Namoya gold mine in the Democratic Republic of the Congo, where five employees were kidnapped in March. Credit: Banro.

Banro calls again for force majeure

Unlike the recurring attacks by armed jihadists in Burkina Faso, the rebel groups that are making mining impossible for Banro in the Democratic Republic of…


Banro's Twangiza gold project in the Democratic Republic of the Congo. Photo by Banro.

Banro navigates risk in the DRC

The Democratic Republic of the Congo (DRC) is often described by miners as “elephant country” — a metaphor for a land filled with extra-large mineral…


Banro's Namoya gold mine in the Democratic Republic of the Congo. The is 200 km southwest of its Twangiza gold mine. Credit: Banro

Banro lands US$98.8M

A Chinese mining investment fund and a Connecticut-based fund management company are giving Banro (TSX: BAA; NYSE-MKT: BAA) some breathing room this year with a private placement, term loan and streaming deal, worth nearly US$100 million.


US stock indexes flat, June 8-12

Concerns over a stalemate in Greece’s debt talks and improving economic data in the U.S. that could accelerate interest rates kept the lid on U.S. equities during the trading week. The Dow Jones Industrial Average advanced 0.3% to finish…


U.S. stocks end mixed, May 18-22

Wall Street closed mixed ahead of the Memorial Day holiday, as the Federal Reserve said it would likely raise interest rates this year, if the economy continued to improve. The Dow Jones Industrial Average dipped 0.2% to 18,232.02, while the…


U.S. stocks drop, April 27-May 1

U.S. equities fell  after being tripped up by  soft economic data. The Dow Jones Industrial Average lost 56.08 points to 18,024.06, and the S&P 500 Index slipped 9.4 points to 2,108.29. The Nasdaq retreated 86.69 points to…


TSX closes higher, Feb. 23-27

Canada’s main stock index climbed as mining stocks rose on the back of higher commodity prices ahead of the annual Prospectors & Developers Association of Canada convention in Toronto. The four-day event started on March 1 and should…


Volatility hits US stocks, Oct. 13-17

U.S. equities ended the choppy trading week in negative territory. The Dow Jones Industrial Average fell 164 points to 16,380.41, despite a late partial recovery that snapped a six-day losing streak on the back of strong earnings reports. 


Banro's Twangiza gold mine in the Democratic Republic of the Congo. Credit: Banro

Banro finds ‘relief’ in new financing plan

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…



US stocks drop, July 7-11

The S&P 500 Index dropped 18 points to 1,967.57, marking its worst week since April, as European economic uncertainty continued. The Dow Jones Industrial Average fell 124 points to 16,943.81, while the Nasdaq Composite Index gave back 70…


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