Providing stock analysis for investors of the Canadian junior markets
Vancouver-based mining firm Rua Gold (CSE: RUA) has announced its move to acquire Reefton Resources from ASX-listed Siren Gold, marking a pivotal expansion in New Zealand’s Reefton Goldfield. This acquisition signifies not only a significant growth in Rua Gold’s asset base but also a broader trend of increased investment and focus on New Zealand’s gold mining sector.
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In this interview at the Precious Metals Summit 2024, Robert Eckford, CEO & Director of Rua Gold Inc. (TSXV: RUA,
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New Zealand’s mining sector, deeply rooted in the country’s history, is at a pivotal moment. With abundant mineral resources, including coal, silver, iron ore, limestone, and gold, mining has long been a cornerstone of New Zealand’s economy. Recent government initiatives aim to double mineral exports by 2035, signaling a renewed push towards mining.
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New Zealand’s government has announced its intention to end its ban on offshore petroleum exploration, citing urgent energy security issues.
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