SEDAR Interim Financial Statements

[
  {
    "companyName": "Baru Gold Corporation",
    "reportingPeriodEnd": "2025-11-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 460159,
      "receivables": 5076,
      "prepaidsAndAdvances": 106761,
      "totalCurrentAssets": 571996,
      "reclamationBond": 468319,
      "rightOfUseAsset": 23268,
      "explorationAndEvaluationAssets": 10613239,
      "totalNonCurrentAssets": 11068226,
      "totalAssets": 11676822,
      "accountsPayableAndAccruedLiabilities": 4545221,
      "dueToRelatedParties": 1214322,
      "loanPayable": 22900,
      "convertibleDebenture": 3122765,
      "totalCurrentLiabilities": 8905208,
      "totalLiabilities": 8905208,
      "shareCapital": 89598846,
      "reserves": 23609170,
      "accumulatedDeficit": -110436402,
      "totalShareholdersEquity": 2771614,
      "totalLiabilitiesAndEquity": 11676822,
      "cashPerShare": 0.0013,
      "workingCapitalPerShare": -0.0236
    },
    "incomeStatement": {
      "amortization": 17148,
      "consultingFees": 34723,
      "directorsFees": 25000,
      "foreignExchangeLossGain": -1359,
      "interestExpense": 430,
      "interestExpenseOnConvertibleDebt": 196093,
      "investorRelations": 26800,
      "managementFees": 90747,
      "officeAndAdministration": 112463,
      "professionalFees": 66417,
      "rent": 2308,
      "shareBasedCompensation": 370710,
      "transferAgentAndRegulatoryFees": 17594,
      "travelAndAccommodation": 16665,
      "totalGeneralAndAdministrativeExpenses": 975739,
      "lossAndComprehensiveLoss": -975739,
      "basicAndDilutedLossPerCommonShare": 0,
      "weightedAverageNumberOfCommonSharesOutstanding": 352495285
    },
    "cashFlowStatement": {
      "lossForThePeriod": -975739,
      "amortization": 17148,
      "interestExpense": 0,
      "foreignExchange": -65270,
      "shareBasedAwards": 370710,
      "interestExpenseOnConvertibleDebt": 196093,
      "changesInReceivables": 4625,
      "changesInPrepaidsAndAdvances": 54076,
      "changesInAccountsPayableAndAccruedLiabilities": -57537,
      "changesInDueToRelatedParties": -5310,
      "netCashUsedInOperatingActivities": -461204,
      "explorationAndEvaluationAssets": -250754,
      "netCashUsedInInvestingActivities": -250754,
      "privatePlacements": 0,
      "subscriptionsReceived": 0,
      "warrantsExercised": 271036,
      "leasePayments": 0,
      "stockOptionsExercised": 15180,
      "netCashProvidedByFinancingActivities": 286216,
      "changeInCashAndCashEquivalents": -425742,
      "cashAndCashEquivalentsBeginning": 885901,
      "cashAndCashEquivalentsEnd": 460159
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property",
        "description": "Sangihe Gold Project (Indonesia) - 70% interest",
        "ownershipPercentage": 70,
        "value": 10613239,
        "notes": "The Company has a 70% interest in the Sangihe project. The rights are secured by a Contract of Work (CoW) agreement with the Indonesian government."
      },
      {
        "type": "Reclamation Bond",
        "description": "Deposit with Indonesian financial institution for reclamation obligations",
        "ownershipPercentage": null,
        "value": 468319,
        "notes": "Government requirement to ensure reclamation work is completed. Expected to be returned as no work has commenced."
      },
      {
        "type": "Right-of-Use Asset",
        "description": "Lease for office and accommodation in Indonesia",
        "ownershipPercentage": null,
        "value": 23268,
        "notes": "Related to lease obligations."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 356919534,
      "classesOfShares": ["Common shares"],
      "warrants": [
        {
          "number": 7040000,
          "exercisePrice": 0.1,
          "expiryDate": "2026-02-15"
        },
        {
          "number": 1000000,
          "exercisePrice": 0.1,
          "expiryDate": "2026-02-15"
        },
        {
          "number": 5681799,
          "exercisePrice": 0.1,
          "expiryDate": "2026-02-15"
        },
        {
          "number": 7455000,
          "exercisePrice": 0.1,
          "expiryDate": "2026-02-15"
        },
        {
          "number": 3966666,
          "exercisePrice": 0.1,
          "expiryDate": "2026-02-15"
        },
        {
          "number": 2500000,
          "exercisePrice": 0.05,
          "expiryDate": "2026-02-02"
        },
        {
          "number": 2380000,
          "exercisePrice": 0.05,
          "expiryDate": "2026-03-07"
        },
        {
          "number": 1642000,
          "exercisePrice": 0.05,
          "expiryDate": "2026-03-26"
        },
        {
          "number": 2700000,
          "exercisePrice": 0.05,
          "expiryDate": "2026-04-23"
        },
        {
          "number": 1316667,
          "exercisePrice": 0.05,
          "expiryDate": "2026-07-03"
        },
        {
          "number": 2000000,
          "exercisePrice": 0.05,
          "expiryDate": "2026-09-26"
        },
        {
          "number": 2414000,
          "exercisePrice": 0.05,
          "expiryDate": "2026-10-15"
        },
        {
          "number": 6198000,
          "exercisePrice": 0.06,
          "expiryDate": "2026-12-10"
        },
        {
          "number": 6184722,
          "exercisePrice": 0.07,
          "expiryDate": "2027-04-01"
        },
        {
          "number": 2220500,
          "exercisePrice": 0.07,
          "expiryDate": "2027-05-12"
        },
        {
          "number": 10705896,
          "exercisePrice": 0.115,
          "expiryDate": "2027-07-16"
        },
        {
          "number": 5758365,
          "exercisePrice": 0.115,
          "expiryDate": "2027-07-22"
        }
      ],
      "options": [
        {
          "number": 1475000,
          "exercisePrice": 0.155,
          "expiryDate": "2026-01-06"
        },
        {
          "number": 6700000,
          "exercisePrice": 0.11,
          "expiryDate": "2026-01-29"
        },
        {
          "number": 1050000,
          "exercisePrice": 0.05,
          "expiryDate": "2026-05-03"
        },
        {
          "number": 576500,
          "exercisePrice": 0.07,
          "expiryDate": "2026-07-15"
        },
        {
          "number": 3124000,
          "exercisePrice": 0.55,
          "expiryDate": "2026-12-12"
        },
        {
          "number": 557032,
          "exercisePrice": 0.07,
          "expiryDate": "2026-12-12"
        },
        {
          "number": 2350000,
          "exercisePrice": 0.05,
          "expiryDate": "2027-05-05"
        },
        {
          "number": 4700000,
          "exercisePrice": 0.07,
          "expiryDate": "2027-08-07"
        },
        {
          "number": 2088218,
          "exercisePrice": 0.085,
          "expiryDate": "2027-08-07"
        },
        {
          "number": 1300000,
          "exercisePrice": 0.07,
          "expiryDate": "2027-10-27"
        },
        {
          "number": 1800000,
          "exercisePrice": 0.075,
          "expiryDate": "2027-11-16"
        },
        {
          "number": 1250000,
          "exercisePrice": 0.06,
          "expiryDate": "2027-11-16"
        }
      ],
      "rightsConvertibleInstruments": "Convertible debenture (Note 8) - US$2,000,000 principal, convertible at US$0.0384 per share, currently in default with 18% default interest."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-11-30": {
          "feesAndShortTermBenefitsManagement": 90747,
          "feesAndShortTermBenefitsCapitalizedManagement": 39970,
          "feesAndShortTermBenefitsDirectors": 25000,
          "feesAndShortTermBenefitsTravelAndHealth": 3668,
          "shareBasedAwards": 242962,
          "total": 402347
        },
        "2024-11-30": {
          "feesAndShortTermBenefitsManagement": 84991,
          "feesAndShortTermBenefitsCapitalizedManagement": 0,
          "feesAndShortTermBenefitsDirectors": 22500,
          "feesAndShortTermBenefitsTravelAndHealth": 18334,
          "shareBasedAwards": 0,
          "total": 125825
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Directors and officers",
          "description": "Amounts due to related parties (non-interest bearing, unsecured, no stated repayment terms)",
          "amount": 1214322,
          "period": "2025-11-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-12-07",
        "description": "Granted 2,000,000 stock options to a commissioner of the subsidiary at an exercise price of $0.06 expiring December 7, 2027",
        "impactValue": null
      },
      {
        "eventDate": "2025-12-08",
        "description": "Issued 10,000,000 shares in settlement of $500,000 of convertible debt",
        "impactValue": -500000
      },
      {
        "eventDate": "2026-01-28",
        "description": "Received $125,000 for the exercise of 2,500,000 warrants",
        "impactValue": 125000
      }
    ]
  }
]