BARU GOLD CONFIRMS APPLICATION COMPLETE; ESDM MOVES TO FINAL PROCESSING FOR PRODUCTION APPROVAL
Baru Gold Corp., through its 70-per-cent-owned Indonesian subsidiary, PT Tambang Mas Sangihe (TMS), has provided an update on the company's application for approval to commence production operations at the Sangihe gold project in Indonesia.
Further to the June 3, 2026, news release, the company confirms it has submitted all documentation requested by Indonesia's Ministry of Energy and Mineral Resources (ESDM) in its May 29, 2026, letter.
The documentation submitted to ESDM included multiple years of audited financial statements, tax compliance certification, corporate documentation, information regarding the company's corporate structure and beneficial ownership, and other administrative materials requested by ESDM.
Company management met with ESDM officials Aug. 12, 2026, to confirm that the application to begin production operations was complete and understand the expected timeline for issuance of the final approval.
ESDM has confirmed that nothing further is required of the company and that the application is complete. The meeting focused on the remaining internal process for issuance, as well as the anticipated timeline for completion.
ESDM indicated that the application is currently proceeding through its final processing steps. Depending on requirements, ESDM may hold one final meeting with the company next week. However, the preference for all attendees was to hold no further meetings.
Terrence Filbert, president and chief executive officer of Baru Gold, commented: "I am encouraged by the progress we are making and will continue to work constructively with ESDM toward the prompt issuance of the approval required to commence production operations. We are particularly pleased to have received confirmation from ESDM that our application is complete and that there are no further requirements outstanding. With our team now on site at Sangihe working closely with the local community in preparation for operations, we are ready to move forward."
About Baru Gold Corp.
Baru Gold is a dynamic junior gold developer with National Instrument 43-101 gold resources in Indonesia, one of the top 10 gold producing countries in the world. Based in Indonesia and North America, Baru's team of mining and finance professionals boasts extensive experience in starting and operating small-scale gold and coal assets. Baru is positioned to become Indonesia's next gold producer.