MINING

Snowy River Gold Project (Reefton)

Endura Mining · West Coast

Endura Mining (formerly Federation Mining) underground gold mine at Reefton on the West Coast, redeveloping the historic Blackwater/Snowy River field. More than NZ$200m raised; first gold expected December 2026, targeting around 60,000 ounces a year over a 10-year-plus mine life and about 250 jobs.

Strongest delivery signals Data: Medium

Delivery Confidence Score, 0 to 100, higher is better: a ranking of how strong this project's delivery signals are, not a probability. It blends eight factors, including the election risk and policy alignment shown below.

Breakdown▾

Data current as at 13 Jun 2026, when the pipeline was last checked against its source.

Key facts

Region: West Coast
Sector: Mining
Status: Under Construction
Estimated value: $200m
Indicative completion: 2027
Funding status: Fully Funded
Lead organisation: Endura Mining
Election risk: Medium

Election risk assessment

Underground gold mine already in construction on the West Coast with first gold due late 2026 and more than NZ$200m raised, so it is well advanced and largely insulated from a change of government.

Government priority alignment

HIGH: Part of the minerals-strategy growth in regional gold production.

Source

Beehive: Large-scale mining on track for 2026 ↗ · West Coast NZ: Gold struck at Snowy River Mine ↗ · Endura Mining (formerly Federation Mining, renamed Sept 2025) ↗

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