10/09/2026
What’s in it for New Zealanders?
OceanaGold wants another decade at Macraes and is targeting around one million additional ounces of gold. The company says the expansion will support hundreds of jobs and generate billions in spending within New Zealand.
But gold can only be mined once.
New Zealand already receives mineral royalties, but should revenue from extracting finite Crown resources simply disappear into annual government spending? Or should a meaningful share be invested in a sovereign resource fund, converting mineral wealth beneath our feet into financial wealth owned by future generations?
Jobs matter. Investment matters. Environmental protection matters. But so does asking what New Zealand actually owns when the gold is gone.
Read the full eLocal Report:
https://www.elocal.co.nz/Article/9376