Rio2 Limited (V:RIO)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Suite 1000, 355 Burrard Street VANCOUVER BC V6C 2G8 |
| Tel: | N/A |
| Website: | https://www.rio2.com |
| IR: | See website |
| Key People | ||
| Alexander Black Executive Chairman of the Board | Andrew Cox President, Chief Executive Officer, Director | Kathryn Johnson Chief Financial Officer, Executive Vice President, Corporate Secretary |
| Jose Luis Martinez Executive Vice President, Chief Strategy Officer | Ian Keith Dreyer Senior Vice President - Technical Services | |
| Business Overview |
| Rio2 Limited is a Canada-based mining company with a focus on development and mining operations. The Company is focused on its Fenix Gold Project in Chile. The Fenix Gold Project, 16,050 hectares, is located in Atacama Region, in the Copiapo Province, Chile, specifically in the Maricunga Mineral Belt, approximately 160 kilometers northeast of Copiapo by International Road CH-31. It is an undeveloped gold heap leach project in the Americas. The Fenix Gold is a mining district that contains over 70 million ounces of gold and hosts the La Coipa and Refugio mines, as well as the Volcan, Caspiche, Lobo Marte and Cerro Casale deposits. The Company's subsidiary is Fenix Gold Limitada. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Rio2 Ltd revenues was not reported. Net loss increased from $2.3M to $12.4M. Higher net loss reflects Foreign exchange (gain) loss decrease from $8.7M (income) to $2.1M (expense), Gain on disposition of exploration and e decrease from $5M (income) to $0K, Accretion expense on deferred revenue increase of 42% to $3.1M (expense). |
| Employees: | 56 as of Dec 31, 2020 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $169.13M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$7.30M as of Dec 31, 2023 |
| Net annual income (TTM): | -$16.81M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$3.10M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 301,494,413 as of May 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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