Baru Gold has made significant progress towards production. Here are the key updates:
On September 20, 2023, Baru Gold announced that a second mining contractor, PT. Putra Rimpulaeng Persada, has signed a legally binding contract to operate and produce gold on Sangihe Island.
On September 11, 2023, Baru Gold submitted all necessary documents to request an upgrade to Production Operation Status to the Ministry of Energy and Mineral Resources of the Republic of Indonesia for 25,000 ha, replacing the current Production Operation Activity Status.
While these updates indicate progress towards production, a specific start date for production has not been publicly announced. However, considering the recent developments, it can be inferred that Baru Gold is actively working towards achieving production status.
In the absence of a definitive start date, it is reasonable to assume that production will commence once the upgrade to Production Operation Status is approved by the relevant authorities and all necessary preparations are completed. This may involve additional time for permitting, infrastructure development, and other logistical arrangements.
As more information becomes available, it’s likely that Baru Gold will provide updates on its production timeline. Until then, it’s essential to monitor the company’s announcements and statements for further clarity on the production start date.