MINING

Snowy River Gold Project (Reefton)

Endura Mining · West Coast

Endura Mining, formerly Federation Mining, is developing an underground gold mine at Reefton on the West Coast, redeveloping the historic Blackwater and Snowy River field. More than NZ$200m has been raised. First gold is expected in December 2026, targeting around 60,000 ounces a year over a mine life of more than 10 years.

Strongest delivery signals Data: High

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 16 Sept 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.

Recent changes

2026-W37Major New project added: Snowy River Gold Project (Reefton) (Under Construction, $200m).

Chronology

2023Federation Mining begins redeveloping the historic Blackwater and Snowy River field at Reefton
2025Renamed Endura Mining in September. More than NZ$200m raised
2026First gold expected in December, ramping toward about 60,000 ounces a year
2027expectedFull production targeted, over a mine life of more than 10 years

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) ↗

View Snowy River Gold Project (Reefton) on the live map →