Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Rio2 Limited ( (TSE:RIO) ) has shared an announcement.
Rio2 Limited has resumed construction activities at its Fenix Gold Mine after the Environmental Impact Assessment (EIA) was approved following an appeal process. The company has secured financing and aims to complete construction by November 2025, with first gold production expected in January 2026. The project’s capital expenditure for 2025 is estimated at USD 122 million, excluding refundable Chilean VAT. This development marks a significant step forward in Rio2’s operational plans and could enhance its position in the gold mining sector.
More about Rio2 Limited
Rio2 Limited operates in the mining industry with a focus on gold exploration and development. The company is primarily engaged in the construction and operation of the Fenix Gold Mine located in the Maricunga Gold Belt of the Atacama Region in Chile.
YTD Price Performance: -1.56%
Average Trading Volume: 434,240
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$262.5M
For detailed information about RIO stock, go to TipRanks’ Stock Analysis page.
