Rua Gold Inc

25 days ago 42:41

Key Highlights

Rob says RUA's Old Creek project has been government-approved as New Zealand's largest critical mineral project on a six-month fast-track permitting timeline, with RUA's application due in early October 2026 and permits expected by Q2 2027.
Rob says RUA's PFS is trending toward ~$130M US CapEx with potential antimony concentrate production as early as mid-2028, and that metal-trading firm Mercuria wrote a $5M strategic check in the January 2026 raise to secure an antimony offtake relationship.
Rob describes the Alt Creek starter mine as ~25,000 oz/yr (defined ~200m deep x ~800m along strike) with confirmed mineralization extending to ~500m depth and ~1,200m along strike, and notes the mill is being designed at 750 t/d with crusher and tailings capacity already upsized for a second flotation circuit.
Rob highlights RUA's January 2026 financing as oversubscribed at C$1.10 (C$33M Canadian taken on a C$25M ask, with C$75M in the book), no warrants attached, led by 'Conwaves' and 'Franklin', leaving ~C$25M cash on hand through Q3 2027.
Rob says RUA just acquired the exploration permit for the adjacent Globe Progress project for C$4,000, with a Q4 2026 announcement expected to deliver an updated 43-101 on the historical 350,000 oz M&I resource and a combined PFS by March 2027 that could double throughput via the hub-and-spoke model.

Reefton's Old Creek targets first antimony-gold concentrate by mid-2028 from a 25,000 oz/year starter mine with $130M CapEx. Nine undrilled historic mines at Reefton support a hub-and-spoke expansion that could roughly double throughput. Antimony co-product (25% antimony, 80 g/t gold) drew metal trader Mercuria into a $5M strategic investment. New Zealand's fast-track permitting compresses mine approvals to about six months; application is due October. Three oversubscribed, warrant-free raises let Rua Gold fund the permitting path with minimal dilution overhang.

Robert Eckford: Why Gold Will Keep Running for Another 5 Years

about 1 month ago 39:52

Key Highlights

The Old Creek PEA was a permit-anchoring move, not an investor-marketing one — Robert ran it specifically to qualify Rua for New Zealand's six-month fast-track process, which Rua was accepted onto in July 2026
Old Creek is one of nine historic mines in the Reefton district; the PEA covers only the first 200m by 800m drill grid and is effectively 'one-ninth' of the district, framed as the first spoke of a hub-and-spoke model with a second spoke to be unveiled after the PFS
PEA economics: $40M NPV at 18% IRR with capex around $130M (expected to rise to $130–150M at PFS); the base-case 200,000 oz Au-eq already pays off the plant, so every incremental ounce is upside
Glamorgan (North Island) drill program starts Q4 2026 with 9,000m across three targets on a $5M budget, led by COO Simon Henderson — the discoverer of WKP — using CSAMT, soils, and surface mapping to target epithermal funnels
Rua held roughly $29.5M in treasury at the time of the interview and expects to finish Q2 2027 with about $10M remaining after delivering the PFS, updated MRE upgrading Inferred to Indicated at Old Creek, the Reefton permit, and the Glamorgan drill program

Robert Eckford argues gold has another 3-5 years of upside as US deficits persist across parties and central banks keep buying. Central banks are price-agnostic, multi-year gold buyers, and institutions that follow them push equities to catch up to the metal. Rua Gold ran a small PEA early so New Zealand would fast-track a six-month permit for Old Creek inside the Reefton district. A hub-and-spoke plan turns Old Creek into the first mine feeding a central mill, with Glamorgan as high-upside exploration leverage. Roughly $29.5M cash and no warrant overhang let Rua plan $130-150M of project financing and a 2027 Reefton build decision.

Metalsource Mining's ($MSM | $MSMMF) Silver Hill Project: Drill Results & What's Next

2 months ago

Key Highlights

John highlights Rua Gold as a stock that has held up technically, trading around $0.72 US versus roughly $0.44-$0.45 when he and Don met management at Beaver Creek less than a year ago, with the stock reportedly touching $0.80 the prior week.
The company operates in New Zealand, with management (Rob) described as bullish on positioning and a Q4 election flagged as a potential catalyst for the jurisdiction.
A major report was released earlier this year, with follow-up drill news expected in the near term, according to John.

Metalsource Mining's Silver Hill project has produced a standout drill hole grading 48 g/t gold over 12.6 meters within its first 21,000 feet of drilling. Lead-zinc base metals at Silver Hill act as the project's economic backbone while gold and silver are by-product credits — a mix the CEO says institutional investors prefer. Property-wide IP survey suggests Silver Hill's mineralized trend may extend along roughly 2.4 kilometers of strike beyond the original mine footprint. Both Silver Hill and Bird Pilot sit on private land in mining-friendly North Carolina, removing the permitting risk that has stalled other junior explorers. Cullen says Metalsource has $4 million in cash, Eric Sprott as its largest shareholder, and no need to raise before seasonal strength in Q1.

Gold & Silver Opportunities: Discovery, Development & Growth | July 16, 2026

3 months ago

Key Highlights

Robert Eckford says Rua Gold submitted a fast-track application to the New Zealand government and expects a decision any day in July 2026, which would confirm a defined six-month permitting path for the Reefton project.
He sets the milestone as a mine permit submission by the end of October 2026 and full permitting by Q2 2027, calling a fully permitted asset the key event that de-risks the company for investors.
Eckford says the PEA splits revenue roughly 70% gold and 30% antimony over about 9,000 tonnes of antimony, modelled at roughly $20,000 a tonne even though the price has moved from $5,000 three years ago to $60,000 and back to around $25,000.
He argues the antimony matters most for political reasons rather than economics: it ties the project to the critical minerals competition with China, brings down all-in sustaining costs, and puts the project near the front of the queue in permitting against peers in New Zealand.
Eckford says institutional demand in January 2026 pushed his order book above $70 million against a $30 million raise, led by large investors including Franklin, and says institutions still hold surplus cash but are far more selective than before.

Central bank buying of over 850 tonnes took gold to record levels in January 2026, and the panel says producer margins sit at historic extremes. Silver is heading into a sixth straight year of supply deficit, with annual mine output falling from 1.2 billion ounces toward 800 million. Robert Eckford argues jurisdiction now outranks project size, and points to New Zealand's six-month permitting as the competitive edge. Peter Espig's rule: fund projects that are not yet cash generative with equity, and reserve debt for producing mines expanding output. Chris Kerlow uses a barbell portfolio — about 80% in large producers, 20% in juniors expected to generate most of the returns.

Erik Wetterling – Value Proposition In Nevada King Gold, Cabral Gold, and Rua Gold

The KE Report

3 months ago

Key Highlights

Erik highlights strong financial backing: Rua Gold's last raise opened at a $25 million target, drew about $75 million in orders and took in $33 million, leaving roughly $35 million in cash with multiple rigs drilling as of the interview.
The starter underground project is being pushed through New Zealand's new fast-track permitting regime, with permits expected as soon as July and the company aiming to use the window before a coming election.
District-scale optionality in the Reefton goldfield: Erik cites roughly 80 kilometres of strike with multiple past high-grade producers, and a private company on the same trend that has drilled under a historic mine to 800,000 ounces at 23 grams per ton.
The North Island low-sulfidation epithermal target next to Oceana Gold's WKP already has a soil anomaly and CSAMT surveys done, and Erik thinks it has the potential to be a company-builder in its own right.
Gold plus antimony adds appeal — Erik calls antimony one of the most critical minerals — and if the starter project reaches cashflow he thinks Rua could follow a Cabral-like self-funded model on a belt that could support around 10 years of exploration.

Nevada King trades at a steep discount to its strategic investor's entry while drilling 40,000 metres across a brownfield Nevada oxide gold project. Cabral Gold's Phase 1 heap leach (recovering gold from loose near-surface rock) is roughly 85% built and commissioning in Brazil. Rua Gold pairs a fast-tracked starter underground project in New Zealand with antimony (a critical mineral) and district-scale exploration upside. The guest argues cheapness is the best offense and defense, making proven ounces plus exploration optionality an asymmetrical setup. Early revenue from a small starter operation can fund exploration and shield juniors from sector sentiment and dilution.

What's Behind the GOLD Crash? 'All the Fundamentals Still VERY Strong'

Commodity Culture

3 months ago

Key Highlights

The guest says the positive PEA for the Old Creek project is economic on only the first 200 metres of depth, with start-of-mine capex of about $130 million and a study value of about $50 million, which he argues already pays for the plant before any further ounces are added.
A 43-101 issued in February 2026 reported about 200,000 ounces of indicated and inferred resource at roughly 4.5 to 5 grams per tonne, plus around 10,000 tonnes of antimony as a byproduct.
He targets a mine permit submission by the end of October 2026 and a preliminary feasibility study in November 2026, then construction starting around June to July 2027 with cash flowing from a starter mine by mid-2028.
The economics are modelled on a gold price of $3,300, and he frames the 20,000-metre drill program as still expanding the deposit, with mineralisation now reaching about 500 metres depth and 1,200 metres along strike.
He says a $33 million January 2026 raise priced at $1.10 funds the drilling, study and permitting through the year and leaves roughly $15 million in the bank in Q1 2027, ahead of a possible antimony offtake plus debt and equity for the build.

Robert Eckford calls gold's slide below $4,000 a buying opportunity, saying the pullback is healthy and the fundamentals behind it are very strong. Central banks bought about 244 tons in Q1, 17% more than Q4, and are shifting out of dollars into gold. War-driven inflation, not rate hikes, should send investors back to gold as the liquid holding that outpaces rising prices. Gold equities still lag the metal, with Newmont's multiple compressed toward six times earnings despite a 30-year mine life. Rua Gold targets a 2027 build at Auld Creek after a positive PEA, funded by a $33 million raise from institutional holders.

Rua Gold Anticipating July Decision on New Zealand Fast Track Qualification

CEO.CA

4 months ago 13:59

Key Highlights

Says the company has applied to qualify as a six-month permitted project and expects a result in early July 2026, with the fast-track permitting clock only starting once the studies and mine application are filed by the end of October 2026.
PEA for the Old Creek gold-antimony starter mine shows an NPV of roughly $40-45 million at a $3,300/oz gold price, rising to about $120 million at spot, against capex of around $130 million including a $30 million contingency, with payback within three years and a market cap he puts near $150 million.
Frames the PEA as a deliberately small starter study covering only the first 200 metres of one reef, inside a 250,000-acre holding that spans about 95% of the district, and says a 20,000-metre drill program that extended the resource from 200 to 500 metres depth will feed the pre-feasibility study due in Q4 2026.
Positions the asset as New Zealand's largest critical minerals project, claiming the starter mine alone could produce more antimony than current Australian output, and says the New Zealand government is using the company as its corporate example in critical minerals trade diplomacy.
Flags the 7 November 2026 New Zealand election as the main risk, and says the permitting timeline is being pulled forward so the application lands before any change of government that could cost the six-month process.

Roughly $130M capex, including a $30M contingency, against a market cap near $150M makes the starter mine financeable. The PEA (Preliminary Economic Assessment) shows a net present value of $40-45M at $3,300 gold, near $120M at spot. A 20,000-metre drill program extends the deposit from 200 to 500 metres deep ahead of a Q4 2026 pre-feasibility study. Antimony byproduct, not gold, is the permitting lever, and the guest says a starter mine could outproduce all of Australia. A six-month fast-track permit decision is expected in early July, with New Zealand's November 7 election the main schedule risk.

New Zealand’s Critical Mineral Story

4 months ago

Rua Gold started as a high-grade gold exploration project in New Zealand and has evolved into a combined gold-antimony story with strategic importance. New Zealand's more pro-mining government creates a favorable policy environment for mineral development and expanded land packages. Antimony's growing role as a critical mineral adds economic, political, and global significance to the project beyond its gold potential.

Why Drill For Five Years?

4 months ago

Rua Gold CEO Robert Eckford argues that proving up a smaller, high-grade resource first and moving quickly to production de-risks the project and generates internal cash flow. This faster path to production creates self-funding exploration, allowing the company to finance broader drilling across a much larger land package without relying on external capital. The strategy contrasts with the common junior miner approach of drilling for years before generating any revenue, which Eckford views as unnecessarily dilutive for shareholders.

Don’t Wait Longer - Rua Gold’s Perfect Timing

4 months ago

Rua Gold is advancing its Reefton project on New Zealand's South Island toward a PEA (Preliminary Economic Assessment — an early-stage study estimating project economics) in 2026, targeting low CapEx and fast cash flow from historic gold workings. New Zealand's fast-track permitting process and shifting political support for mining give Rua Gold a regulatory advantage, with the CEO citing strong backing from government, community, and local stakeholders. The company holds additional discovery upside at its Glamorgan project on the North Island, where pending drill permits could unlock a second value driver alongside Reefton's near-term production potential.

Erik Wetterling – Commodities Global Expo Conferences Recap – Value Proposition In 4 PM Developers

The KE Report

5 months ago

Erik Wetterling shares key investment takeaways from the Commodities Global Expo Conferences in Washington D.C. and Fort Lauderdale. Four gold and silver developers with compelling recent news and medium-term growth catalysts are highlighted for their strong value propositions. Discussed companies feature high-grade economic assessments, operational restarts, strategic acquisitions, and major exploration expansion plans.

Rua Gold ($RUA | $NZAUF) Investor Webinar: Gold, Antimony, and New Zealand's Mining Renaissance

5 months ago

Key Highlights

The CEO says the new PEA shows the first 200 meters of Old Creek — about 200,000 ounces at roughly 4 g/t gold-equivalent — already support a profitable starter mine, generating a US$42 million profit after payback at $3,300 gold (5% discounted), though he says Rua will not build that mine as designed.
About 20,000 meters of drilling with five rigs is under way: the CEO says mineralization has been hit 300 meters below the current resource, the strike zone has been extended from 800 to 1,200 meters, and a PFS plus mine-permit application are targeted for October 2026.
The October deadline is set by New Zealand's November 7 election: the CEO wants the project locked into the six-month fast-track permitting regime in case a less pro-mining government wins, with mine permitting targeted for H1 2027.
Antimony is about 35% of planned mine revenue at the $27,000/t base case; the CEO warns the current plan would lose money at $15,000/t antimony, and says early offtake and floor-price discussions are open with Japanese, Korean and US parties.
The company reports about C$33 million in cash as of the May 2026 webinar after an oversubscribed January raise, and plans a project-financing decision around Q1 2027 for roughly $130 million of capex including contingency, at all-in sustaining costs under $2,000/oz.

A preliminary economic assessment (an early-stage mine study) shows Rua Gold's first 200 meters at Old Creek already generate a profitable starter mine. CEO Robert Eckford plans a pre-feasibility study by October, backed by a 20,000-meter drill program that is adding ounces and grade. New Zealand's six-month fast-track permitting drives the rush: the mine application is due 31 October, ahead of a 7 November election. Antimony (a critical metal China restricts) is about 35% of expected revenue and draws Japanese, Korean, and US offtake interest. Eckford warns the deposit stops paying if antimony falls to $15,000 per ton, and Glamorgan's epithermal upside remains undrilled with permits expected in Q2.

Lahontan Gold's ($LG | $LGCXF) Path to Production | Don Durrett and John Feneck Interview

5 months ago

Key Highlights

Don Durrett says once permitted — targeted in the second half of 2026 — Rua should be a minimum 50,000 oz/year producer with room to grow, and he views it as a growth story.
He flags November's New Zealand election as a catalyst but argues production growth is likely even without a favorable outcome.
John Fenwick says the market sold the stock off after the PEA because it misunderstood: Rob had pre-warned that few ounces were included in the study.

Lahontan Gold's mineral resource estimate (MRE — the updated in-ground ounce tally) slipped from April to next month; a PEA (preliminary economic assessment) follows in September. CEO Kimberly Ann targets pouring gold next year: permit in Q1, a four-to-six-month contract build, and a plant sized for a 100,000-ounce-per-year operation. Legacy heap-leach pads still hold about 200,000 ounces of already-crushed gold; roughly 110 sonic holes aim to move those ounces into the mine plan. AISC (All-In Sustaining Cost — what it really costs to produce an ounce) guidance of $1,000-$1,100 supports 9-14 month payback timelines in current models. The named risk is takeover: a major could pay roughly $600 million, about $300 per in-ground ounce, and still buy accretively.

RUA Gold ($RUA) CEO Reveals High-Grade Gold, Fast-Track Permits & Near-Term Production Strategy

SmallCap Asia | 亚洲小盘股

Key Highlights

The CEO says Rua Gold is fast-tracking the Old Creek gold-antimony deposit in Reefton, about 200,000 oz at roughly 4.5 g/t from surface and now drilled to about 540 meters still open at depth, toward a PEA expected in May 2026, a full PFS and mine application by end-2026 targeting close to 500,000 oz, and construction as early as H1 2027 with planned capex of roughly US$90-110 million.
He calls Glamorgan an undrilled epithermal less than 3 km along strike from Oceana Gold's WKP discovery and says the inaugural drill program starts in Q2 2026, describing it as a binary outcome: a hit could lift the company's value significantly, misses mean going back to the drawing board.
He frames the ~125,000-hectare Reefton package, covering about 95% of the district and seven of nine historic mines, as a multi-million-ounce opportunity, crudely extrapolating about 5 million ounces from neighbor Enduro Mining's 800,000-oz, 23 g/t find beneath its historic mine.
The company holds about C$35 million in cash as of the interview, with roughly 114 million shares out, no warrants ever issued, and its last three raises stepped up from $0.60 to $0.70 to $1.10, and he says the fully funded drill campaign reaches close to eight rigs by end-2026.
He positions Old Creek's antimony as New Zealand's largest critical mineral project and plans to fund much of the mine through non-dilutive antimony offtake contracts, with discussions underway with governments and offtakers under confidentiality agreements.

New Zealand's six-month fast-track permitting lets Rua Gold compress the explorer-to-developer timeline, turning a regulatory edge into faster time-to-value. A Reefton starter mine on roughly 200,000 ounces at 4.5 grams per tonne gold, with high-grade antimony, anchors the near-term production plan. Glamorgan, an undrilled epithermal (a hot-spring vein system that hosts tier-one gold deposits) beside Oceana Gold's WKP discovery, offers binary discovery upside. The antimony byproduct could fund the Reefton mine non-dilutively, with advance off-take discussions underway among governments seeking critical-mineral supply. A C$35 million treasury, 114 million shares out, and a board that has built eight mines support disciplined capital allocation toward production, not perpetual exploration.

Rua Gold's Path to Production

Key Highlights

The CEO says Rua Gold aims to submit a mine permit application by the end of 2026 and to be a fully permitted mine ready for construction by April 2027.
Its strategy is to prove up a small, high-grade economic deposit and get it permitted faster than peers by targeting New Zealand's fast-track permit process.
The mine being designed now is based on a resource of about a quarter of a million ounces.
As of late April 2026, the CEO forecasts a PEA on this deposit will be published the following month and expects it to show a positive NPV.

Rua Gold aims to prove up a small, high-grade deposit and outpace peers by using New Zealand's fast-track mine permitting process. Management plans to submit a mine permit application by the end of 2026 and be fully permitted for construction by April 2027. A PEA (Preliminary Economic Assessment — an early study of mine economics) is forecast next month, with management expecting a positive NPV (net present value).

Don Durrett & John Feneck: Insights Into Pacific Ridge Exploration ($PEX | $PEXZF) & Stocks Round-Up

Key Highlights

brief

The analyst says he has just interviewed the company: the Reefton project in New Zealand, a property of about 300,000 acres with a lot of past producing mines, which he calls a really exciting story and one he likes a lot.
The host introduces Rua as one of his recent interviews, with tickers NZAUF in the US and RUAN in Canada, and says they met Rob a few days before this recording.

The episode opens by stating it is disseminated on behalf of Pacific Ridge Exploration, so company-supplied claims deserve independent verification. Pacific Ridge's British Columbia copper-gold portfolio is positioned for a widening copper supply-demand gap the CEO argues began with electrification. The shares trade near one cent per pound of copper in the ground, which the analyst frames as a wide discount against comparable British Columbia peers. Among junior gold names the analyst prefers 1911 Gold and Lahontan Gold on risk-reward, citing 1911's restart and Lahontan's straightforward open pit. Denarius Metals' Saudi interest and a bid for Emorita Resources signal expansion, while a Pacific Ridge financing announcement is flagged as likely.

Don Durrett & John Feneck Interview Rua Gold ($RUA | $NZAUF) CEO on Exploration Strategy

Key Highlights

CEO Robert Eckford laid out a fast pathway to cashflow: a PEA on a small high-grade starter mine at Reefton is due around May 2026, a mine permit application is planned by the end of 2026, and the company aims to be fully permitted and ready for construction by April 2027.
The starter mine is designed on roughly 200,000 oz in the top 200 metres of a ~500,000 oz resource declared in February 2026, with CapEx of circa US$90-110 million; drilling announced shortly before the interview shows mineralization at least 500 metres deep and still open, and a PFS folding in 20,000 new metres is targeted for October 31, 2026.
Mineralization is gold-antimony averaging over 1% antimony, about 20 times the grade the CEO cites at Perpetua's US mine, which he calls New Zealand's biggest known critical mineral deposit, with Mercuria and Korean and Japanese strategics eyeing antimony offtake and New Zealand newly signed to the Mineral Securities Partnership (MSP).
Funding looks set: $33 million raised at $1.10 a share since October 2025 plus an oversubscribed C$25 million raise (book built to about C$70 million) with Franklin, Conway of Zurich and Mercuria (C$5 million) as cornerstones, and the CEO expects $15-20 million in the treasury around Q1 2027.
Beyond the starter mine, Rua controls about 95% of tenements across the historic nine-mine Reefton district (roughly 300,000 acres) with seven untouched mines, plus a planned 5,000-metre program on an undrilled North Island epithermal it sizes at up to 5 million ounces, a find the CEO would JV with a major rather than build.

Rua Gold is fast-tracking a small, high-grade gold-antimony starter mine in New Zealand's Reefton district, targeting a fully permitted mine by April 2027. New Zealand's six-month permitting and a PEA (Preliminary Economic Assessment, an early study of mine economics) due within a month anchor the path to production. Grades above 1% antimony, roughly 20 times what the CEO cites at Perpetua's Utah project, would make Reefton New Zealand's biggest critical mineral deposit. About $63 million raised since October leaves a strong treasury and sticky institutional shareholders, including metals traders seeking future antimony offtake. Analysts see contained political risk: the pro-mining South Island and fast-track approval shield the project even if government changes, with $4,000-plus gold underpinning economics.

Rua Gold’s ($RUA | $NZAUF) 2026 Catalysts and Path to Production

Nordic Funds

Key Highlights

The CEO expects Rua Gold to be on New Zealand's fast-track list by June 2026, to publish a PEA in June and file its first PFS with a full mine application by year-end, targeting a fully approved shovel-ready project by mid-2027.
At Auld Creek, Rua has defined an initial resource of a couple hundred thousand ounces in the top 150 meters and quadrupled drilling from 5,000 meters last year to 19,000 meters over the four months ahead of the interview, with four rigs extending the resource to 550 meters depth and along strike from 800 to 1,100 meters.
The CEO frames Auld Creek's high-grade stibnite as making Rua New Zealand's largest critical-mineral project, which he says is drawing strong government push for its fast-track referral application.
Preliminary starter-mine plans outlined by the CEO: about half a million ounces at roughly 50,000 ounces per year over around ten years, $100-150 million capex, and all-in sustaining costs near $1,700/oz — stresses these are very preliminary — with cash flow meant to fund Reefton exploration without dilution.
Rua raised $33 million in January 2026 at $1.10 per share in an oversubscribed round, has 41% of its float held by institutions, and has issued no warrants in roughly two and a half years as a public company, while controlling about 95% of the Reefton Goldfield, per the CEO.

New Zealand's fast-track permitting — proven by a 114-day mine approval — collapses the discovery-to-production timeline that typically stalls junior miners. Pairing gold with New Zealand's largest antimony inventory gives Auld Creek two revenue streams, with gold underwriting the mine while antimony adds critical mineral optionality. Antimony supply sits about 90% with China, Russia, and Tajikistan, while its small cost share in end products keeps demand price-inelastic. A planned 50,000-ounce starter mine with AISC (All-In Sustaining Cost — what it really costs to produce an ounce) near $1,700 versus $4,500 gold implies high margins. Institutional backers like Franklin Templeton and Eric Sprott, plus a no-warrant cap table with 41% institutional ownership, signal alignment ahead of 2026 catalysts.

The Power of Women in Mining | March 31, 2026