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An announcement from Baru Gold ( (TSE:BARU) ) is now available.
Baru Gold Corp has filed a Technical Report and Mineral Resource Estimate for its Sangihe Gold and Silver Project in preparation for production operations. The report, compliant with National Instrument 43-101 standards, reflects a significant macroeconomic shift, including a more than doubling of gold prices, prompting a redesign of production plans. The resource estimate covers a small fraction of the total project area, indicating modest changes in resource categories since 2017, with 114,000 oz of gold and 1.93 Moz of silver in the ‘indicated’ category and 91,000 oz of gold and 1.08 Moz of silver in the ‘inferred’ category.
More about Baru Gold
Baru Gold Corp, along with its subsidiary PT. Tambang Mas Sangihe, operates in the mining industry, focusing on the exploration and development of gold and silver resources. The company’s primary market focus is on the Sangihe Gold and Silver Project located in North Sulawesi, Indonesia.
YTD Price Performance: 16.67%
Average Trading Volume: 531,256
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$20.45M
For an in-depth examination of BARU stock, go to TipRanks’ Stock Analysis page.
