Bullboard - Stock Discussion Forum Baru Gold Corp V.BARU

Alternate Symbol(s): BARUF

Metals & Mining Gold

Baru Gold Corp. is a Canada-based junior gold developer with NI 43-101 gold resources in Indonesia. The Company is focused on developing and producing precious metals projects in Indonesia. The Company’s focus is on developing precious metals projects with significant resource upside potential and near-term production capabilities. The Company’s Sangihe Gold project mineral tenement consists of... see more

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TSXV:BARU - Post Discussion

Baru Gold Corp > BARU.v - 2nd payment pending; $6m cash potential

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Post by brodeur on Aug 27, 2023 12:25pm

BARU.v - 2nd payment pending; $6m cash potential

Awaiting current contractor 2nd payment to confirm gold production, then additional contractor negotiations pending. Quite exciting. Which junior on tsxv is gold producing?

Importantly, Baru expects to conduct additional bidding for other areas within the 50 ha. MHS initially wanted to contract the area but Baru preferred to open competitive bidding. This will drive additional value for Baru shareholders. Baru anticipates receiving a at least CAD $6 million related to closing the deals currently in negotiation to bring the entire 65 ha into operation. Any funds received would be in addition to an ongoing split of mined gold ore."

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