June 2024

Baseline Gold Receives Exclusive Gold Export License from Government of Suriname

Government of Suriname grants Baseline Gold comprehensive export license, authorizing large-scale gold exports to international markets.

License Announcement

June 2024 - The Government of Suriname, through the Ministry of Natural Resources, has granted Baseline Gold an exclusive license to export gold from Suriname to international markets. This license represents the culmination of extensive due diligence and positions Baseline Gold as a key player in Suriname's gold export sector.

License Specifications

Export Authorization

•Unlimited export volumes subject to availability
•Access to all international markets
•Preferential customs processing
•Multi-year renewable license term

Operational Scope

•Direct purchasing from licensed miners
•Aggregation and processing facilities authorization
•Transportation and logistics permissions
•International shipment clearances

Regulatory Compliance

The license was granted following comprehensive evaluation of Baseline Gold's compliance systems, including anti-money laundering protocols, environmental impact assessments, social responsibility programs, and technical capabilities.

Economic Impact

National Benefits

•Projected $500 million in annual export revenues
•Creation of 500+ direct employment opportunities
•Technology transfer and skills development
•Increased tax revenues for national development

Mining Sector Development

•Formalization of artisanal mining operations
•Fair pricing mechanisms for small-scale miners
•Investment in mining infrastructure
•Environmental remediation programs

Minister of Natural Resources Statement

"Baseline Gold's export license represents a new chapter in Suriname's gold industry. Their commitment to responsible mining, fair trade, and technological innovation aligns perfectly with our national development goals," commented the Minister of Natural Resources.

Operational Milestones

•June 2024: License granted
•July 2024: Operations center established in Paramaribo
•August 2024: First purchases from local miners
•September 2024: Initial exports to international markets
•December 2024: Target of 1,000 kg monthly exports achieved

Future Commitments

Baseline Gold commits to investing $50 million in local infrastructure over five years, establishing a state-of-the-art refinery in Suriname, implementing blockchain technology for supply chain transparency, and supporting 1,000 artisanal miners with training and equipment.