baru gold

Developer Baru Gold is advancing its Sangihe gold project in Indonesia. The company holds a 70 percent stake in the 42,000 hectare project, with the remaining 30 percent interest held by three Indonesia-based companies.

Baru's application for production operations is complete as of September 2026, with approval expected within 2026. The company is planning first gold pour at its production plant, which is being built with a modular design that would allow Baru to scale output by adding modules.

According to an updated mineral resource estimate published in February 2025, the Sangihe project hosts an indicated resource of 114,000 ounces of gold and 1.93 million ounces of silver from 3.15 million metric tons of ore with grades of 1.12 g/t gold and 19.4 g/t silver. It also has an inferred resource of 91,000 ounces of gold and 1.08 million ounces of silver from 2.3 million metric tons of ore with grades of 1.22 g/t and 14.5 g/t respectively.