RUA GOLD Inc. Accelerates Development of New Zealand Gold-Antimony Project Targeting 300,000 Ounces Resource
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
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Source: Newsfilter
- Accelerated Resource Development: RUA GOLD's latest drilling results at the Auld Creek project in New Zealand's Reefton Goldfield show 3.0m @ 21.27 g/t AuEq, successfully extending the deposit strike length by 250 meters to a total of 870 meters, with expectations to increase the resource to over 300,000 ounces, significantly enhancing the company's competitiveness in the global antimony market.
- Legislative Support: The company plans to leverage New Zealand's FAST TRACK legislation to expedite production permits for the Auld Creek project, aiming for approval within six months, which provides RUA GOLD with a strategic advantage in the global critical minerals supply chain.
- Strong Financial Position: With $14 million in cash on hand and a leadership team behind $11 billion in prior exits, RUA GOLD is well-positioned to ensure financial stability in resource development and market competition, effectively navigating market fluctuations.
- Optimistic Market Outlook: As global gold prices are projected to reach $5,055 per ounce by Q4 2026, RUA GOLD's projects will benefit from capital inflows into efficient platforms, driving the company's long-term growth potential in the gold and antimony sectors.
Analyst Views on USAS
Wall Street analysts forecast USAS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for USAS is 5.91 USD with a low forecast of 4.90 USD and a high forecast of 6.84 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.290
Low
4.90
Averages
5.91
High
6.84
Current: 9.290
Low
4.90
Averages
5.91
High
6.84
About USAS
Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. It owns and operates the Galena Complex, Cosala Operations, and the Relief Canyon mine. It also owns the San Felipe development project in Sonora, Mexico. The 100% owned Galena Complex is located in Idaho's Silver Valley. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover over 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico. It also owns Crescent Silver Mine, which is located over four miles southeast of Kellogg, Idaho, and consists of 10 acres of surface rights.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
