Canadian gold producer Banro has reported a smaller first-quarter net loss as financing expenses and fair value losses offset higher output, sales and realised prices.
The result was despite a 19% increase in operating revenues to $55-million, boosted by 14% 14% more ounces sold at 47 673 oz in the three-month period ended March, as the Namoya mine, in the Democratic Republic of Congo (DRC) ramped-up output and a higher realised gold price.
