Rio2 Limited
Price History
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About Rio2 Limited
Rio2 Limited (RIO.TO) is a gold mining company listed on the Toronto Stock Exchange (TSX). Our project database tracks 4 projects for Rio2 Limited with technical and economic data extracted from company filings. Its flagship Condestable Mine (Condestable & Raúl) (Feasibility) carries an after-tax NPV of $386M over a 13.2-year mine life.
Rio2 Limited is developing the Fenix gold project in Chile's Atacama region, an advanced-stage heap-leach deposit with significant resources and completed feasibility study. The company benefits from Chile's mining expertise and established infrastructure in a stable mining jurisdiction.
Primary Commodities
Project Economics
Condestable Mine
- Mineral Reserves
- Total Reserves (P&P): 36.5 Mt at 0.73% Cu, 0.15 g/t Au, 4.28 g/t Ag for 268 kt Cu, 177 kozs Au, 5,024 kozs Ag (Proven 18.3 Mt at 0.72% Cu for 131 kt Cu; Probable 18.2 Mt at 0.75% Cu for 136 kt Cu)
- Mineral Resources
- M&I Resources: 82.1 Mt at 0.69% Cu, 0.13 g/t Au, 4.12 g/t Ag for 565 kt Cu, 355 kozs Au, 10,870 kozs Ag; Inferred: 22.2 Mt at 0.76% Cu for 169 kt Cu (inclusive of reserves)
- Royalties / Streams
- Franco-Nevada precious metals stream (US$175 million upfront deposit; Phase 2: 63% of gold production until 87.6 kozs delivered and 63% of silver until 2.91 Mozs delivered; Phase 3: 37.5% of gold and silver production; ongoing payments 20% of spot); offtake with Trafigura
Kalzas Tungsten Project
Condestable Mine (Condestable & Raúl)
- Mineral Reserves
- Proven & Probable: 39.5 Mt at 0.75% Cu, 0.13 g/t Au, 4.13 g/t Ag (containing 298 kt Cu, 170 koz Au, 5,252 koz Ag) as of Dec 31, 2022
- Mineral Resources
- Measured & Indicated: 83.7 Mt at 0.66% Cu, 0.13 g/t Au, 3.65 g/t Ag (containing 553.3 kt Cu, 346 koz Au, 9,815 koz Ag); Inferred: 12.9 Mt at 0.77% Cu, 0.07 g/t Au, 2.28 g/t Ag (containing 98.8 kt Cu, 31 koz Au, 947 koz Ag) as of Dec 31, 2022
- Royalties / Streams
- Gold and silver streaming agreement with Franco-Nevada (Barbados) Corporation. No third party royalties.
Fenix Gold
- Mineral Reserves
- Proven: 63.2 Mt @ 0.50 g/t Au (1,022 kozs); Probable: 51.5 Mt @ 0.45 g/t Au (750 kozs); Total: 114.7 Mt @ 0.48 g/t Au (1,772 kozs)
- Mineral Resources
- Measured: 123.3 Mt @ 0.42 g/t Au (1,671 kozs); Indicated: 266.0 Mt @ 0.36 g/t Au (3,086 kozs); M&I: 389.2 Mt @ 0.38 g/t Au (4,757 kozs); Inferred: 90.8 Mt @ 0.33 g/t Au (959 kozs)
- Royalties / Streams
- Wheaton Precious Metals stream: 6.0% of gold production until 90 kozs delivered under base stream and flexible prepay satisfied; 4.0% thereafter until 140 kozs; 3.5% thereafter. Flexible prepay arrangement: US$100 million upfront, fixed monthly delivery schedule.
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
Condestable
2 studies on recordFenix Gold
3 studies on recordEconomics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
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Financial Metrics
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Frequently Asked Questions
- What does Rio2 Limited mine?
- Rio2 Limited is focused on Gold.
- What is the economic value of Rio2 Limited's Condestable Mine (Condestable & Raúl)?
- According to its Feasibility, Condestable Mine (Condestable & Raúl) has an after-tax NPV of $386M.
- What exchange is Rio2 Limited listed on?
- Rio2 Limited trades under the ticker RIO.TO on the Toronto Stock Exchange (TSX).
- How many projects does Rio2 Limited have?
- We track 4 projects with extracted technical and economic data for Rio2 Limited.
Quick Facts
- Ticker Symbol
- RIO.TO
- Market Cap
- Small Cap
- Category
- Gold
- Commodities
- Gold
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.