A small West Coast town might be about to strike gold again.

Canadian mining company Rua Gold has discovered a 2.5 kilometre stretch of gold and other minerals at Auld Creek near Reefton - with plans announced to fast-track an underground mine.

The company aims to produce 60,000 ounces of gold annually by 2028.

Vice-president Simon Delander says they're also going after the antimony.

He explained that's a strategic mineral - and there's lots of interest in Japan and the US.

LISTEN ABOVE

A small West Coast town might be about to strike gold again.
Canadian mining company Rua Gold has discovered a 2.5 kilometre stretch of gold and other minerals at Auld Creek near Reefton - with plans announced to fast-track an underground mine.
The company aims to produce 60,000 ounces of gold annually by 2028.
Vice-president Simon Delander says they're also going after the antimony.
He explained that's a strategic mineral - and there's lots of interest in Japan and the US.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Simon Delander: Rua Gold vice-president on the company's plan to expand over the West Coast

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b2184eb6-56b5-4252-bb08-b3ed00652497/transcript