Baru Gold Corp. (TSX-V:BARU) CEO Terry Filbert shared a year-end update with shareholders, reflecting on the company’s achievements and setting expectations for the year ahead.
“The past year has seen the company achieve several of its long-standing goals and lay the foundation for a transformative next 12 months,” Filbert said.
Filbert and the company are looking forward to the anticipated approval of its Production Operation Status from Indonesia’s Ministry of Energy and Mineral Resources (ESDM).
The company expects to receive approval early in 2025, which will allow the company to begin gold production shortly thereafter.
Baru is also focused on raising capital to support its growth, having retained a specialist advisory firm to assist with securing non-dilutive financing. The company has received strong interest from investors, bolstered by a favorable investment climate in Indonesia.
In addition, Baru is working to close a strategic partnership with PT Arsari Tambang, with approval expected in the first quarter of 2025.
“I am obviously very pleased that the impact of our efforts is reflected in the recent share price appreciation,” the CEO added.
“I believe that our continuing successes will only favorably impact the company’s market value.”