Welcome back to Stockhouse
Member Sign In

Email or Username:

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Get our best content in your email.

You are already a member! Please enter your password to sign in.

Microcap Report: Banro Corporation (T.BAA) does a header

Stockhouse Editorial
0 Comments| July 10, 2014

Banro Corporation (TSX:BAA, Stock Forum) has had a hard year and in an effort to cope with weather disappointments and operational letdowns announced an update today on Q2 2014 gold production and operations at its Twangiza and Namoya mines located in the Democratic Republic of Congo.
According to the news release, the company was able to up gold production in the quarter by 10.8% despite heavy rains in April at Twangiza and as a result maintained the same production throughput the company had recorded in the matching 2013 quarter. However the company needed to downgrade its 2014 guidance to deal with issues at its Namoya plant. Shares plummeted 29.41% on the news to $0.36 per share.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Mawson West Limited (T.MWE, Stock Forum) 7.46%
DragonWave Inc. (T.DWI, Stock Forum) 7.20%
Teranga Gold Corporation (T.TGZ, Stock Forum) 3.80%
Horizons BetaPro S&P\/TSX Global Gold Bear Plus ETF (T.HGD, Stock Forum) 3.50%
MTY Food Group Inc. (T.MTY, Stock Forum) 3.39%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Banro Corporation (T.BAA, Stock Forum) -29.41%
Quest Rare Minerals Ltd. (V.QRM, Stock Forum) -16.13%
Fortuna Silver Mines Inc. (T.FVI, Stock Forum) -9.89%
RB Energy Inc. (T.RBI, Stock Forum) -6.15%
Premier Gold Mines Limited (T.PG, Stock Forum) -5.99%

Tags: GOLD

Rate this article
0 stars



Interested in these industries and sectors?

Receive investor kits and email updates from Stockhouse and directly from these companies.

Interested in these industries and sectors?

You are already a member! Please enter your password to sign in.


No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.