Siren Gold

Siren Welcomes New Direction from NZ Government

Siren Gold Limited (ASX: SNG) (Siren or the Company) is pleased to update shareholders on policy changes announced by the new coalition government in New Zealand.


Change of Government

Siren Gold welcomes the new policy direction from the New Zealand government sworn in 27 November 2023, and their 100-day plan to rebuild the national and regional economies of New Zealand.

Christopher Luxon, New Zealand’s 42nd prime minister, is leading a centre-right government with the National Party, ACT New Zealand and New Zealand First, with clear policy plans to support regional development and the resource sectors.

Key Coalition Agreement Policies

  • Update the Crown Minerals Act 1991 to clarify its role as promoting the use of Crown minerals.1
  • Explore the potential for a critical minerals list, where such minerals would have a preferential pathway for development once identified.1
  • The Parties commit to establishing a fast-track one-stop-shop consenting and permitting process for regional and national projects of significance (Amendment of Resource Management Act 1991).2
  • Investigate the strategic opportunities in New Zealand's mineral resources, including vanadium, and develop a plan to develop these opportunities.2

Minister for Resources

The Hon Shane Jones, Minister for Resources, Regional Development, Oceans & Fisheries, recently delivered his first full speech (address in reply debate) with strong support for mining and rare earth mineral extraction, as well as mining on Department of Conservation (DoC) land, stating:

“We're going to have not only a plan but we're going to have some certainty for the providers of international capital who are going to help us develop our economy.

Fast track for aquaculture, fast track for mining, fast track for energy, fast track for infrastructure.

Mining is coming back.”

– The Hon Shane Jones, Minister for Resources

Siren Gold is looking forward to the government’s contribution and commitment to regional and resource development, as we continue to engage with local and regional councils on the West Coast of New Zealand.

Figure 1: Siren Gold Reefton Project


Click here for the full ASX Release

This article includes content from Siren Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

SNG:AU
The Conversation (0)
John Feneck, gold bars.

John Feneck: Gold Backdrop Looks “Amazing,” Plus 7 Stocks to Watch Now

John Feneck, portfolio manager and consultant at Feneck Consulting, outlines his updated outlook for gold as the yellow metal continues to reach new highs.

He also discusses seven gold and "special situations" companies that are on his radar.

Keep reading...Show less
Athena Gold

Athena Gold Upsizes Flow-Through Private Placement, Announces Concurrent Hard Dollar Unit Offering

Athena Gold Corporation (CSE:ATHA) (OTCQB:AHNR) ("Athena Gold" or the "Company") is pleased to announce that due to strong demand, the Company has increased the size of the non-brokered flow-through private placement previously announced on April 7, 2025, from $500,000 to $700,000 (the "FT Offering"). The FT Offering, as amended, will now consist of up to 14,000,000 flow-through common shares (the "FT Shares") (increased from 10,000,000 FT Shares) at a price of $0.05 per FT Share. All other terms of the FT Offering remain unchanged.

Non-Flow-Through Unit Private Placement

Keep reading...Show less
Castle Minerals (ASX:CDT)

Analyst Spotlight: Castle Minerals' Path to Significant Gold Discovery in Ghana

A recent research report by Terra Studio highlights Castle Minerals’ (ASX:CDT) investment value proposition as a gold exploration company with significant potential in Ghana's gold-rich region. With an enterprise value of just AU$3.4 million, Terra Studio considers Castle Minerals significantly undervalued given its promising drill results, strong government support for its graphite project, and potential for continued discoveries amid record-high gold prices.

Keep reading...Show less
Gold coin stacks with up arrow.

Gold Price Hits New Record, Breaking US$3,300 for First Time

The gold price reached yet another record high on Wednesday (April 16), breaking US$3,300 per ounce.

The precious metal has gained significant momentum since the beginning of the year. In trading on Wednesday it surged past the US$3,200 mark, climbing as high as US$3,354.10 per ounce. The price retreated below the US$3,300 mark on Thursday (April 17).

The rise comes after statements from US Federal Reserve Chairman Jerome Powell made at the Economic Club of Chicago on Wednesday. In his remarks, he said that he expects US President Donald Trump's tariff policy to negatively impact US economic growth and further fuel inflation.

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security. And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Keep reading...Show less
1 ounce gold bullion bar on top of US$100 bill and Tax Form 1040.

US Capital Gains Tax Guide for Gold and Silver Investors

As gold and silver continue to prove their worth as sound investments, market participants should know how precious metals investments are taxed in the US.

While the majority of gold and silver investing comes with a certain degree of taxation, there are different levels of tax based on how market participants decide to invest in these precious metals, how long the investments are held for and the investors individual tax bracket.

Read on for a breakdown of the taxes associated with investing in gold and silver bullion, ETFs and stocks, as well as the forms involved with reporting precious metals investments.

Keep reading...Show less

Latest Press Releases

Related News

×