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NZE:RGI

7 stories mentioning NZE:RGIUpdated 13d ago

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Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.SkyCity Entertainment Group (NZE:SKC): +6%, NZ$0.57Gentrack Group (NZE:GTK): +4%, NZ$3.78Vulcan Steel (NZE:VSL): +3%, NZ$6.23Property For Industry (NZE:PFI): +3%, NZ$2.39Fletcher Building (NZE:FBU): +2%, NZ$3.73Marlin Global (NZE:MLN): +1%, NZ$0.75Stride Property Group (NZE:SPG): +1%, NZ$1.19Vista Group International (NZE:VGL): +1%, NZ$2.46Rua Gold (NZE:RGI): +1%, NZ$1.57Channel Infrastructure (NZE:CHI): +1%, NZ$3.24

^NZ50NZE:CHINZE:FBUNZE:GTKNZE:MLNNZE:PFINZE:RGINZE:SKCNZE:SPGNZE:VGLNZE:VSL
Asia

Rua Gold Files Preliminary Economic Assessment of South Island Project

Rua Gold (NZE:RGI) filed the preliminary economic assessment of the Auld Creek project in the South Island, New Zealand, according to a Monday filing with the New Zealand bourse.Assessment suggests the deposit could sustain a "modest" underground mining operation using selective mining methods suitable for the narrow-vein geometry of the mineralization, the filing said.The company plans to start a pre-feasibility study for the project with the goal of starting production in 2027, per the filing.Shares rose 1% in midday trade on Monday.

NZE:RGI
Asia

New Zealand Shares Rise; SkyCity Entertainment Enters Nonbinding Heads of Agreement with South Australia Gambling Commissioner

New Zealand shares rose on Friday as markets weighed in on the 14-point agreement between the US and Iran that finally reopens the Strait of Hormuz.The S&P/NZX 50 Index rose 0.99%, or 132.32 points, to close at 13,495.63.On Thursday, the Nasdaq Composite rose 1.9%, the S&P 500 gained 1.1%, while the Dow Jones inched up 0.1%.In domestic news, New Zealand recorded a goods trade surplus of NZ$800 million in May, compared with a surplus of NZ$1.6 billion in April, Stats NZ data showed.Also, the March quarter New Zealand gross domestic product (GDP) data showed that monetary policy easing was working, but through business investment and trade rather than the consumer, Jarden said in a note late on Thursday.In corporate news, SkyCity Entertainment Group (ASX:SKC, NZE:SKC) and SkyCity Adelaide entered into a nonbinding heads of agreement with the Commissioner for Liquor and Gambling in South Australia, which provides for a total fine of AU$21 million.Rua Gold (NZE:RGI) continued to confirm "significant" potential to expand the gold-antimony resource at its Auld Creek project in South Island, New Zealand.

^NZ50ASX:SKCNZE:RGINZE:SKC
Asia

Rua Gold Confirms Potential to Expand Gold-Antimony Resource at South Island Project

Rua Gold (NZE:RGI) continued to confirm "significant" potential to expand the gold-antimony resource at its Auld Creek project in South Island, New Zealand, according to a Friday filing with the New Zealand bourse.Recent drilling intersected 2.3 meters at 3.5 grams per tonne gold equivalent from 227 meters, 2.7 meters at 7.6 g/t gold equivalent from 269 meters, and 0.9 meters at 6.4 g/t grade of gold from 77 meters, the filing said.Geotechnical, hydrogeological, and metallurgical studies are in progress to support the pre-feasibility study and planned fast-track mining application expected in the fourth quarter of the year, per the filing.

NZE:RGI
Asia

Rua Gold Posts Flat Loss for March Quarter

Rua Gold (NZE:RGI) reported Thursday a loss of CA$0.05 per share for the March quarter, unchanged from a year earlier.The exploration-stage mining company did not report any revenue for the quarter.

NZE:RGI
Asia

Rua Gold Confirms Potential for 'Robust' Economics at Auld Creek Project in New Zealand

Rua Gold's (NZE:RGI) preliminary economic assessment (PEA) for its Auld Creek project in the Reefton Goldfield, New Zealand, confirmed the potential for "robust" economics from a high-grade, shallow underground starter mine, according to a Wednesday filing with the New Zealand bourse.The project is expected to produce an average of 26,665 ounces gold equivalent per year for an initial mine life of 5.5 years, with an all-in sustaining cost of $1,850 per ounce, the filing said.The PEA mine plan projects an after-tax internal rate of return of 17% and an after-tax net present value of $42 million, based on a long-term gold price assumption of $3,300 per ounce.The company expects the project to be fully permitted in the second quarter of 2027, per the filing.

NZE:RGI
Asia

Rua Gold Seeks Fast-Track Approval to Advance New Zealand Project

Rua Gold (NZE:RGI) applied under New Zealand's Fast-Track Approvals Act to accelerate permitting for its Auld Creek Project in the Reefton Goldfield, aiming to move more quickly from exploration to development, according to a Tuesday New Zealand bourse filing.If approved, the streamlined process could help the company obtain key consents faster, potentially speeding up development of an underground mine expected to operate for eight years, create around 200 jobs, and contribute about NZ$240 million to the regional economy, per the filing.The project has backing from local communities and stakeholders, with additional economic studies in progress, the filing said. The decision on the fast-track application is anticipated within the next three months.

NZE:RGI

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