RUA GOLD

What RUA GOLD does

RUA GOLD is a pre-revenue, exploration-stage mineral resource company focused on gold and critical minerals (antimony) in New Zealand. Founded in 2020 and headquartered in Vancouver, Canada, the company is the dominant landholder in the historic Reefton Goldfield on New Zealand's South Island, controlling approximately 120,000 hectares of contiguous permits following the July 2024 acquisition of Siren Gold's Reefton assets (including Reefton Resources Pty Limited). Its portfolio spans the Reefton Project (encompassing the Auld Creek gold-antimony deposit and the Supreme and Caledonian targets) on the South Island, and the Glamorgan Project on the North Island adjacent to OceanaGold's Wharekirauponga project. The company's flagship Auld Creek Gold-Antimony Project hosts the largest known antimony deposit in New Zealand and, per the May 2026 PEA, supports a 5.5-year underground operation producing approximately 84,000 ounces of gold and 9,000 tonnes of antimony annually, with a US$42M base-case NPV5% (US$113M at spot gold prices), 17% IRR base case rising to 36% at spot, and US$132.6M initial capex. Core technical activities include diamond drilling operations using four rigs, AI-assisted target ranking for exploration, and a no-cyanide flowsheet for environmental sustainability. The company publicly trades on the TSX (RUA), NZX (RGI), and OTCQX (NZAUF), having uplisted from TSX Venture in February 2026. As an explorer-to-developer, RUA GOLD currently generates no revenue; future cash flows will derive from selling refined gold and antimony concentrates to global commodity buyers, refiners, and Western critical minerals supply chains, with gold recovery projected at 95% and antimony recovery at 85%. The customer base is not yet established commercially; the identified end-market is commodity buyers and Western defense/industrial buyers seeking supply chain alternatives to China, which dominates approximately 60% of global antimony production.

Name

RUA GOLD

Legal name

Rua Gold Inc.

Website

https://ruagold.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

RUA GOLD is a pre-revenue Canadian-listed minerals explorer and emerging developer focused on gold and antimony in New Zealand's Reefton Goldfield, controlling approximately 120,000 hectares and advancing the Auld Creek Gold-Antimony Project toward production.

Ownership category

akta.pro rank

Product category

Gold and Antimony Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Support Activities for Mining (2131)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Gold exploration
• Antimony mining
• Mineral exploration
• Critical minerals
• Mine development

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Distribution channels2 records

Marketing channels4 records

Core offering

RUA GOLD is an exploration-stage minerals company that explores for and develops gold and antimony deposits in New Zealand. Its core activity is operating diamond drilling programs across its 120,000-hectare Reefton Goldfield land position and the Glamorgan Project, with the intention of advancing these assets into producing gold and antimony concentrate mines that will be sold to commodity markets.

Product overview

RUA GOLD is a gold and critical minerals exploration company operating exclusively in New Zealand. The company's portfolio consists of the Reefton Project (Auld Creek, Supreme, Caledonian) on the South Island and the Glamorgan Project on the North Island. RUA GOLD is the dominant landholder in the Reefton Goldfield with approximately 120,000 hectares of permits. The company is advancing from exploration to mine development, with the Auld Creek Gold-Antimony Project representing the most advanced asset featuring both gold and antimony (a critical mineral) production potential. The company trades on the Toronto Stock Exchange (TSX: RUA), NZX (NZX: RGI), and OTCQX (OTCQX: NZAUF).

Differentiator

Problem solved

Functional benefit

Products and services

• Reefton Project Gold exploration project located in New Zealand's Reefton Goldfield on the South Island, covering approximately 120,000 hectares, where RUA GOLD is the dominant landholder with active drilling operations.
• Auld Creek Gold-Antimony Project 100%-owned gold-antimony project within the Reefton Goldfield featuring the largest known antimony deposit in New Zealand, advancing through permitting with a PEA completed showing US$42M NPV5% at base case and production potential of 84,000 oz gold and 9,000 tonnes antimony annually.
• Glamorgan Project

Quantifiable outcome

• 5.5-year underground operation producing 84,000 oz gold and 9,000 tonnes antimony annually
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Siren Gold LimitedcoreStrategic or Co-development PartnerSiren Gold nominated Tristan Kingcott to RUA GOLD's Board of Directors. Previously, RUA GOLD acquired Siren Gold's Reefton assets including Reefton Resources Pty Limited, establishing dominant landholder position in Reefton Goldfield.

Scale indicators10 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Perpetua Resources Corp. North American gold-antimony developer advancing the Stibnite project in Idaho. Directly comparable as a Western gold-antimony project positioned to supply critical minerals to defense and industrial supply chains outside of China.
• Sky Minerals (formerly Tri-Star Resources): Antimony-focused exploration and development company historically pursuing Western antimony supply. Relevant as a thematic peer in the antimony critical minerals space, though at a different stage and geographic focus.
• Mandalay Resources Corporation: Junior gold and antimony producer operating the Costerfield mine in Australia, one of the few Western producers of antimony. Highly comparable as a gold-antimony dual commodity producer with similar scale and a publicly-listed profile.
• Siren Gold Limited: Australian-listed gold exploration company that previously held the Reefton assets acquired by RUA GOLD. Siren retains a strategic interest via board nomination and operates in similar New Zealand gold exploration geology, making it the most directly comparable peer.

Broad incumbents

• OceanaGold Corporation: Established mid-tier gold producer operating the Macraes and Waihi mines in New Zealand, with the high-grade Wharekirauponga project adjacent to RUA GOLD's Glamorgan project. Provides a direct operating precedent and geological analog in the same jurisdiction.
• Newmont Corporation: World's largest gold mining company with global operations. While not directly comparable in scale or stage, Newmont represents the broader incumbent gold mining universe and serves as a benchmark for development economics and ultimate M&A optionality.
• Barrick Gold Corporation: Major global gold producer with a broad portfolio of operating mines. Relevant as a potential strategic acquirer and as a benchmark for large-scale gold mining economics, though significantly larger and more diversified than RUA GOLD.

Regional players

• Federation Mining: Australian gold developer advancing the Snowy River project in New Zealand's South Island (Reefton area). Highly relevant as a peer developer operating in the same Reefton Goldfield region with comparable underground gold development profile.
• Waihi Gold (private): Privately-held gold exploration company with permits in New Zealand's Hauraki district. Comparable as a regional New Zealand gold explorer/developer operating in the same regulatory and geological environment.

Emerging players

• Raea Resources: Australian-listed exploration company with gold and critical minerals exposure. Comparable as an emerging junior exploring for gold and critical minerals, though with a different geographic focus than RUA GOLD's New Zealand portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rua-gold

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RUA GOLD