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Baru Gold Places Reclamation Bond in Expectation of Starting Production Operations
(TheNewswire) July 29, 2025 – TheNewswire - VANCOUVER, B.C. - Baru Gold Corp. ...
About this update from Baru Gold Corp
[{"type":"text","content":"Baru Gold Places Reclamation Bond in Expectation of Starting Production Operations\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n July 29, 2025 – TheNewswire -\n \n\n VANCOUVER, B.C. - Baru Gold Corp.\n \n\n (\n \n\n BARU: TSX.V | BARUF: OTCQB\n \n\n )\n \n\n (the “Company” or “Baru”) and its\nsubsidiary PT. Tambang Mas Sangihe (“TMS” or the “Company”)\n \n\n is pleased to announce that it has placed a\nreclamation bond for the 2025 calendar year for the Sangihe Gold\nProject.\n \n\n\n\n The reclamation bond is an annual requirement and\nprovides a financial guarantee for reclamation and environmental\nrestoration for the Company’s operational activities in 2025.\n \n\n\n\n This reclamation bond continues to demonstrate Baru’s\n \n\n environmental stewardship\n \n\n and long-term commitment to responsible and sustainable mining\npractices.\n \n\n\n\n The reclamation bond is required following the\nCompany’s acceptance of the approval to Production Operations. The\nreclamation bond clears the way for immediate commencement of\noperations upon formal issuance by the Indonesian Ministry of Energy\nand Mineral Resources. This proactive step reaffirms the Company's\ncommitment to advancing the Sangihe Gold Project responsibly and\nexpediently.\n \n\n\n\n Terrence Filbert, CEO of Baru Gold, commented:\n \n\n “\n \n\n We\nanticipate receiving approval for Production Operations in the near\nterm. Once approved, we have the financial strength to commence\noperations even as we work towards more substantial funding from\nQuantum Metal Thailand. With our experienced leadership team in place,\nwe are fully prepared to take the transformative step and transition\nto an active gold producer\n \n\n .”\n \n\n\n\n ABOUT SANGIHE GOLD PROJECT\n \n\n\n\n\n\n The Sangihe Gold Project\n(“Sangihe”) is located on the Indonesian island of Sangihe, off\nthe northern coast of Sulawesi with a gold bearing area of\napproximately 25,000 ha. Sangihe has an existing National Instrument\n43-101 report suitable for mining planning and production schedules\nfor an area within the\n \n\n 65-ha area targeted for\ninitial production. See the Company’s “\n \n\n Independent Technical Report on the Updated Mineral Res...