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MINING

Waihi North Project

OceanaGold · Waikato

OceanaGold expansion of the Waihi gold operation, including the Wharekirauponga underground deposit north of Waihi. Around NZ$1b of investment, consented through the Fast-track process, extending Waihi mining to 2043 with production from about 2032. Fast-track approvals were granted in 2026 (the first major mining project consented under the Act) and OceanaGold is progressing the next phase.

80
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
Waikato
Sector
Mining
Status
Under Construction
Estimated value
$1b
Indicative completion
2032
Funding status
Fully Funded
Lead organisation
OceanaGold
Election risk
Medium

Election risk assessment

Consented and funded gold-mine expansion at Waihi, so delivery risk is lower, but part of the works sits near conservation land and mining policy would cool under a Labour-led government.

Government priority alignment

HIGH: Aligns with the minerals strategy and was a nationally significant Fast-track approval.

Source

OceanaGold: Waihi North Project ↗ · Beehive: Large-scale mining on track for 2026 ↗ · RNZ / Beehive (Waihi North fast-track approval, 2026) ↗

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