Banro Announces Q1 2016 Financial Results - "Revenues for the three months ended March 31, 2016 were $46,540, a 14% increase compared to the corresponding prior year period of $41,003. During the first quarter of 2016, revenue generating ounces of gold sold increased by 24% to 41,967 ounces compared to sales of 33,956 ounces during the first quarter of 2015 due to the contribution of sales from Namoya partially offset by lower production at Twangiza. The average gold price per ounce sold during the first quarter of 2016 was $1,109 compared to an average price of $1,208 per ounce obtained during the first quarter of 2015 due to lower market prices and stream revenues recognized.' More
- 05/11/16 | Item |


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