Northwire Canada EditionTuesday, November 3, 2026
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Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
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REPEAT - Gold and Antimony in One Permit: Rua Gold's Positive PEA Lands in a Fast-Track Jurisdiction

Rua Gold advances its Auld Creek gold-antimony project in New Zealand following a positive preliminary economic assessment and fast-track permitting.

By The Northwire Desk — AI Analysis Jun 08, 2026 · 09:15 RUA · 1.14 Rua Gold Inc.
Executive Summary
  • The most recent release (June 8, 2026) is a repeat/update of the Preliminary Economic Assessment (PEA) for the Auld Creek Gold-Antimony Project, originally announced on May 5, 2026.
  • The PEA outlines a 5.5-year underground operation processing 250,000 tonnes per year, producing separate gold and antimony concentrates.
  • Economics: After-tax NPV5% of ~US$42 million at base-case prices ($3,300/oz Au, $27,000/t Sb) and ~US$113 million at spot gold prices ($4,700/oz Au).
  • Production: ~27,000 gold-equivalent ounces annually, with 95% gold and 85% antimony recovery on a no-cyanide flowsheet.
  • Permitting: A Fast-Track Referral application was filed on April 20, 2026, under New Zealand's accelerated regime. Full permitting is targeted for Q2 2027.
  • Drilling: A 19,000-metre infill and step-out program is underway to convert Inferred resources to Indicated/Measured and extend mineralization.
  • Timeline: PFS targeted for Q4 2026, with production targeted for 2028.
Material Impact
  • The news is a routine follow-up to the May 5 PEA. The core economic metrics, mine plan, and permitting status remain unchanged.
  • The Fast-Track Referral filing in April 2026 was already disclosed in prior updates. The June 8 release reiterates the positive PEA and drilling progress.
  • No new material financial or operational surprises are introduced. The market had already priced in the PEA and permitting progress.
  • The dual-metal exposure to gold and structurally short antimony supply remains a key strategic theme, but this is consistent with previous guidance.
  • Impact is incremental and expected, aligning with the company's stated development roadmap.
RUA · Price
Company Overview
  • Rua Gold Inc. is a Canadian-listed mining company focused on advancing high-grade gold and antimony projects in New Zealand.
  • Flagship Project: Auld Creek Gold-Antimony Project in the historic Reefton Goldfield (South Island).
  • The project features a dual-metal production model (gold and antimony) utilizing a simple, cyanide-free flotation process.
  • The company also holds the Glamorgan Project on the North Island, targeting gold-arsenic anomalies.
  • Management has a track record of prior exits totaling ~US$11 billion.
Read the original news release →

More from Rua Gold Inc.

Oct 26, 2026 · 09:02

Rua reports gold grades and widths from its May PEA drill program as the broader mining sector declines by 16.5%.

Drill Results Oct 05, 2026 · 12:40

Rua reports solid Auld Creek gold grades and widths in paid re-prints without disclosing new assay data.

Drill Results Oct 05, 2026 · 07:01

Rua’s infill drilling at Auld Creek confirms existing grades without adding significant new value to the project.

Drill Results Sep 29, 2026 · 08:23

Rua recycles September 8 assays from Auld Creek without disclosing any new rock or assay results.

Drill Results Sep 24, 2026 · 09:05

Rua Gold recycled prior assay data in a paid advertorial, providing no new drilling results or updated resource estimates for its projects.

Drill Results Sep 15, 2026 · 03:44

Rua repeats a 0.6m high-grade intercept but discloses no new assay results or true widths for the deposit.

Drill Results