On Monday, Banro Corporation (USA)(NYSEMKT:BAA)’s shares declined -4.04% to $0.216, after Banro Corporation (USA)(BAA), declared its financial and operating results for the full year 2014 and fourth quarter 2014.
FINANCIAL HIGHLIGHTS
- Record 2014 proceed of $125.4 million, a 12% raise over 2013 ($111.8 million); Q4 2014 proceed of $35 million, a 30% raise over the previous year’s quarter
- Gross earnings from operations of $29.4 million, a 55% raise over 2013 ($19 million)
- Twangiza EBITDA of $44.8 million vs 2013 of $34.3 million for a 31% improvement
- $90+ million financing signed subsequent to year end
OPERATIONAL HIGHLIGHTS
- Production raise by 19% to 98,184 ounces of gold in 2014 (82,591 ounces in 2013); 29,445 ounces in Q4 2014 (22,858 ounces in Q4 2013)
- In 2014, 101,225 ounces of gold were sold at an average price of $1,239 (80,497 ounces of gold were sold at an average price of $1,389 per ounce in 2013)
- 2014 cash costs per ounce at Twangiza reduced 18% to $683 per ounce from $836 per ounce in 2013. AISC of $781 per ounce for full year 2014
- Cash costs for Q4 were $592 per ounce as the Twangiza plant delivered 91% of steady state ounce production over a stabilized cost structure. The second half of 2014 cash cost of $605 per ounce showed strong evidence of compriseent financial performance.
Banro Corporation, together with its auxiliaries, engages in the exploration, development, and production of mineral properties. It primarily explores for gold. The corporation holds a 100% interest in four gold properties, counting Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of about 2,612 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo.
Cyberark Software Ltd (NASDAQ:CYBR)’s shares dropped -1.19% to $58.09, during the last trading session on Monday, after Cyberark Software (CYBR), declared that it will report its first quarter 2015 financial results after the U.S. financial markets close on Thursday, May 7, 2015. In conjunction with this declaration, CyberArk will host a conference call on Thursday, May 7, 2015 at 5:00 p.m. Eastern Time (ET) to talk about the corporation’s first quarter financial results and its business outlook.
CyberArk Software Ltd. develops, markets, and sells software-based IT security solutions that protect organizations from cyber attacks in the United States and internationally. The corporation offers privileged account security solution to secure, manage, and monitor privileged account access and activities.
At the end of Monday’s trade, Phillips 66 (NYSE:PSX)‘s shares dipped -1.80% to $76.93, after Phillips 66 (PSX), will release its first-quarter 2015 financial results Thursday, April 30 at 8 a.m. EDT. Later that day, Phillips 66 executive administration will host a conference call webcast at the revised time of 1 p.m. EDT, to talk about the corporation’s first-quarter performance and provide an update on planned initiatives.
Phillips 66 operates as an energy manufacturing and logistics corporation. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks to its refineries and other locations; and delivers refined and specialty products, in addition to provides storage services for crude oil and petroleum products. This segment also gathers, processes, transports, and markets natural gas; and transports, fractionates, and markets natural gas liquids in the United States.
Flextronics International Ltd (NASDAQ:FLEX), ended its Monday’s trading session with -1.79% loss, and closed at $12.61, after Building on a strong partnership of about five years, Flextronics (FLEX) declared that it has once again been selected to partner with SunEdison (SUNE) to manufacture its solar modules—this time, in Mexico. SunEdison is the world’s largest renewable energy development corporation and these solar modules will be primarily used in the USA for residential, utility and commercial photovoltaic (PV) projects.
Flextronics will start the full volume manufacturing in the first quarter of calendar 2015 at its center of excellence for solar module manufacturing facility in Ciudad Juarez, Mexico. SunEdison chose to manufacture at Flextronics in Ciudad Juarez given the planned location bordering the United States, just south of El Paso, with access to all major U.S. rail lines and highways for fulfillment.
Flextronics International Ltd. provides design, manufacturing, and supply chain services to original equipment manufacturers worldwide. The corporation offers innovation services, such as innovations labs that provide global functional leadership; innovation café, which provides joint partnership and development; LabIX, a startup accelerator program; and centers of excellence that comprises human machine interface, wireless and connectivity, sensors and actuators, power and battery administration, smart software, flexible technology, and computing and materials.
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