Banro 'in no rush' for new CEO after Prinsloo exit

Banro Corp, which is building a gold mine in the Democratic Republic of Congo, has appointed chairperson Simon Village as interim CEO to replace Mike Prinsloo, whose three-year contract ends in mid-September. The company, which plans to produce...

Banro reports 'promising' early results from DRC gold target

Canadian gold junior believes early stage exploration results from a newly-discovered prospect at its Twangiza project, in the Democratic Republic of Congo, are “very encouraging”, CEO Mike Prinsloo said on Monday. The company has conducted...

Banro looking for big brother to help fund DRC gold mine

Canadian gold junior Banro Corp is looking for a strategic partner to take a stake of as much as 60%, possibly in the company itself or its flagship project, and assist in financing the construction and start up of the mine, says president and CEO...

Banro says DRC gold mine will cost $410m

Toronto-based Banro Corporation could produce a total of 2,62-million ounces of gold over 15 years from its Twangiza project, in the Democratic Republic of Congo, the firm said on Monday. According to a just-completed feasibility study, the mine...

Banro hikes gold resources at DRC project

Banro Corporation, which owns gold properties in the Democratic Republic of Congo, has increased the measured and indicated mineral resources at its Twangiza project to 5,6-million ounces, which represents a 49,7% increase over July 2008 data....

Banro spies first gold output on the horizon, plans bankable study by year-end

Toronto-based Banro Corporation, which is exploring for gold in the Democratic Republic of Congo (DRC), hopes to complete a bankable feasibility study on the first of its four projects, Twangiza, by the end of this year. The company will use the...

Gold exploration company from blue sky to brown fields

Gold exploration company Banro is shifting its gears and moving up the value curve from explorer to explorer/developer. Banro is slated to finish prefeasiblity studies for both its Twangiza and Nomoya properties in the second quarter of 2008.

Cowley steps down as Banro president

Toronto-based gold hopeful Banro Corporation said on Monday that Peter Cowley would resign as president of the company, effective March 1, but would remain on the firm's board as a nonexecutive director.

Canadian gold company Banro opens community offices in DRC

Canadian-based gold exploration company Banro officially opened its new community office at the most advanced site of the company's exploration activities, Twangiza, in the eastern Democratic Republic of Congo (DRC).

Banro's DRC gold studies moving to feasibility phase

Canadian based exploration company Banro reports that its prefeasibility phase for two of its exploration sites in the Democratic Republic of the Congo (DRC) will be moving to feasibility by the first quarter of 2008.

Banro to start feasibility study on DRC projects early next year

Canadian-based gold explorer Banro plans to move two of its exploration projects in the Democratic Republic of Congo (DRC) to feasibility study stage by the first quarter of 2008.

All systems go for SA’s newest diamond explorers

JSE-listed diamond exploration and mining company Diamond Core Resources has completed a R230-million capital raising, the company reports. The objectives of the Diamond Core group of companies are to conduct systematic greenfields diamond...