February 13, 2025 – TheNewswire – Vancouver, BC – Baru Gold Corp ( TSX.V:BARU | OTCQB : BARUF ) (the “Company” or “Baru”) and its subsidiary PT. Tambang Mas Sangihe (the “Company” or “PT TMS”) are pleased to update shareholders on the Company’s progress to increase the State of Activity status from Exploration to Production Operations on the Sangihe Gold Project.
As announced on December 20, 2024, the Indonesian Ministry of Energy and Mineral Resources (ESDM) reviewed the Company’s Application for Production Operations. As part of the Review, the ESDM sought clarifications, and requested additional information and documentation before processing the Company’s Application for Production Operations. The Review is the final step of the approval process.
This development marks a significant milestone for Baru Gold Corp and PT TMS, as it signifies progress towards transitioning from exploration to actual production operations on the Sangihe Gold Project. The approval from the Indonesian Ministry of Energy and Mineral Resources would allow the Company to move forward with its plans to extract gold and other minerals from the project site.
With the potential commencement of production operations, Baru Gold Corp and PT TMS can expect increased revenue streams, job creation for local communities, and overall economic growth for the region. This milestone also demonstrates the Company’s commitment to operational excellence and adherence to regulatory requirements in the mining sector.
In the context of the global economy, the transition to production operations on the Sangihe Gold Project could have broader implications. The increased supply of gold and minerals from the project could impact global commodity prices and market dynamics. Additionally, it could potentially attract more investment and partnerships in the mining industry, leading to further advancements and innovations in the sector.
In conclusion, the progress towards increasing the State of Activity status from Exploration to Production Operations on the Sangihe Gold Project is a significant achievement for Baru Gold Corp and PT TMS. This milestone not only represents a step towards operational growth and development for the Company, but also has the potential to influence the global mining industry and economy at large.
This development could position the Company as a key player in the mining sector and pave the way for future opportunities and collaborations within the industry. The approval from the Indonesian Ministry of Energy and Mineral Resources signifies a positive outlook for Baru Gold Corp and PT TMS, as they continue to advance towards their production goals on the Sangihe Gold Project.
