Rio2, poised to become one of the most dynamic precious and base metals producers in Latin America.
Rio2 Limited (TSX: RIO, OTCQX: RIOFF, BVL: RIO) is successfully completing its transition from developer mining company to diversified producer, following a period of intense corporate activity reflected in a strong appreciation of its shares, all of this in no more than 18 months. With strategic operations in the principal mineral belts of Chile and Peru, the company today combines immediate cash flow generation with organic growth potential.
Operations focus on two fundamental assets: the Fenix Gold project in the Atacama Region (Chile), the company’s first and principal asset and at which the first pour was announced in January 2026. The second asset is the historic Condestable mine in Lima (Peru), an underground copper operation acquired also in January 2026 that will contribute approximately 27,000 tonnes of copper equivalent annual production.
Rio2 is advancing an ambitious growth plan, primarily organic, but open to new acquisitions. This growth is marked by two key milestones: the development of water infrastructure to quadruple production at Fenix Gold (phase 2) and the expansion and extension of the mine life of the Condestable mine.
Additionally, the company maintains an optionality strategy through its 15% investment in Royal Road Minerals, gaining exposure to high-potential exploration in new jurisdictions and its conviction to acquire a new project in the market that continues the path marked with the acquisition of Condestable: a multi-asset company.
The Truth Below Ground team has studied Rio2 Limited from multiple disciplines (geology, mining, metallurgy, ESG, management team, finance and valuation) to offer a holistic, neutral and objective vision, considering both the risks and opportunities facing the project.
What you get as a Truth Below Ground member:
- 50+ quantified and prioritized risks and opportunities for Rio2’s new polymetallic profile.
- Independent technical analysis by discipline (geology, mining, metallurgy, ESG, management team and finance) updated following the integration of Condestable and the first pour at Fenix Gold.
- Complete valuation models (DCF, sensitivity analysis to gold and copper prices).
- Individual expert opinions and integrated conclusion.
- Expansion scenarios and key questions to evaluate project upside potential, risks and opportunities.
[You can also purchase the report individually HERE]
