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Baru Gold Nears Production Approval for Sangihe Project

Story Highlights
  • Baru Gold is transitioning its Sangihe Gold Project from exploration to production.
  • The final step for production approval is tax payment, after which operations can begin.
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Baru Gold Nears Production Approval for Sangihe Project

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Baru Gold ( (TSE:BARU) ) has shared an update.

Baru Gold Corp has submitted the final technical documentation required for transitioning its Sangihe Gold Project in Indonesia from exploration to production operations. The only remaining step for approval is the payment of taxes, after which production can commence, ensuring compliance with Indonesian law and potentially enhancing the company’s operational status and market positioning.

More about Baru Gold

Baru Gold Corp is a company involved in the mining industry, focusing on gold exploration and production. Its primary operations are centered around the Sangihe Gold Project in Indonesia, where it aims to transition from exploration to production operations.

YTD Price Performance: 8.33%

Average Trading Volume: 533,856

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$18.99M

See more data about BARU stock on TipRanks’ Stock Analysis page.

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