The new Banro CFO, Rory Taylor, is a senior finance executive with over 18 years of international public company experience.
Taylor served as CFO of Aura Minerals and before that, he served in senior financial positions for various international companies including Endeavour Mining and Crew Gold.
These companies owned and operated gold mines and various exploration properties in South and Central America, West Africa, Greenland and the Philippines.
He holds a South African CA designation and received a Bachelor of Commerce degree from the University of Cape Town.
Banro thanks Michael Li for serving as Interim CFO while it conducted its search for a new CFO.
Li remains a director of the company and will continue to support Banro’s financial operations as a consultant over the next several months.
Banro also reports that staff have now returned to Namoya Mine following a temporary evacuation of the site and that mining operations have resumed.
Dr. John Clarke, company president and CEO, says: “We would like to thank the hard work and diligence of all of our staff in supporting this turnaround at the Namoya mine.
“We would also like to thank the support we received from both the national and regional governments of the Democratic Republic of Congo (DRC).
“This support has been instrumental in the safe return of our employees and contractors to site, and the safety of the supply truck convoy that was originally stranded in Lulimba and has now been released.”
Banro is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production 1 September, 2012, and on production at its second gold mine at Namoya, where commercial production was declared effective 1 January , 2016.
It’s longer term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga.
The four projects, each of which has a mining license, are located along the 210 km long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the DRC.
All Banro business activities are followed in a socially and environmentally responsible manner.
Feature image credit: Banro