Aug. 17 at 4:33 PM
$RIOFF $RIO.TSX Accurate. Correct to emphasize what a bonus it is to have the Contestable copper mine as a base of financial support - Stifel's coverage and price target of
$4.35 / C
$6.84
"Diversified producer Rio2 has flexed its production muscle in South America, delivering a solid June quarter from its dual-asset portfolio that churned out a consolidated 13,539 ounces of gold, 75,437 ounces of silver and 9.3 million pounds of copper.
The impressive production figures from the company’s Fenix gold mine in Chile and its Condestable copper-gold-silver mine in Peru generated a handsome US
$76.2 (A
$107.5) million in earnings before interest, tax, depreciation and amortisation for the three months ended June 30. Adjusted EBITDA came in at a still-hefty US
$46.5M(A
$65.5M)."
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https://www.smh.com.au/business/companies/rio2-quarterly-shows-dual-mine-production-muscle-in-south-america-20260817-p60p4f.html