- Business
- Rua Gold Inc. is a Canada-based mineral exploration company focused on acquiring, evaluating, and exploring high-grade gold properties in New Zealand's historic gold districts. Founded in 2016 and headquartered in Vancouver, British Columbia, the company primarily explores for gold and associated antimony deposits through its core projects: the Reefton Goldfield on New Zealand's South Island, spanning over 125,000 hectares following recent expansions and representing more than 95% control of the district which historically produced over 2 million ounces of gold; and the Glamorgan Project on the North Island's Hauraki Goldfield, covering approximately 15,000 hectares adjacent to major operations like OceanaGold's Wharekirauponga and targeting epithermal gold systems in a region that has yielded over 15 million ounces historically. Its exploration activities encompass advanced drilling programs, AI-assisted targeting via VRIFY, surface geochemistry, geophysical surveys, and resource delineation at key targets including Murray Creek, Cumberland, Auld Creek, Capleston, and Gallant, yielding high-grade intercepts such as 17m at 9.8g/t gold equivalent and visible gold confirmations; orogenic and epithermal gold systems with historical grades of 16-50g/t; and antimony potential highlighted by New Zealand's critical minerals list. Recent developments include the November 2024 completion of a C$18.4 million acquisition of Siren Gold's Reefton assets, issuing 83.9 million shares and making Siren a 26% shareholder; multiple financings totaling over C$27 million in 2025, such as C$13.8 million in June and C$5.75 million in February; expansion of the Reefton drill program with three rigs operational; high-grade drilling results through 2025 at Auld Creek (e.g., 2.1m at 64g/t AuEq), Cumberland (1m at 26.9g/t Au), and Glamorgan surface exploration; executive appointments including VP Exploration in October 2025 and VP Risk, Stakeholder & Regulatory Affairs; engagement of ICP Securities for automated market making in November 2025; OTCQB listing in 2024; and TSX Venture Exchange uplisting in July 2024.