-- 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.