Canada · Delayed Price · Currency is CAD Rio2 Limited Earnings Call Transcripts
Fiscal Year 2026
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Transitioning to a producer, the company now operates Fenix Gold in Chile and Condestable in Peru, focusing on ramping up production and expanding capacity. Major investments target water infrastructure and plant upgrades, with both projects expected to be self-funded and significant exploration underway.
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Two operating mines in Chile and Peru are driving strong EBITDA and production growth, with expansions planned at both sites. Fenix Gold is ramping up output and will transition to desalinated water, while exploration at both assets aims to further increase reserves.
Fiscal Year 2025
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Fénix Gold Project in Chile is nearing completion of its initial construction phase, with gold production set for January next year. The project will start at 20,000 tons/day using trucked water, with a major expansion to 80,000 tons/day planned once a water pipeline is built, potentially increasing annual output to 300,000 ounces and project NPV to $1.3 billion at current gold prices.