Rio2 Limited (RIO) Financings
TSX: RIO · Copper, Gold, Silver · Production stage
- Market cap$1.64B
- Share price$2.99
- 52-week range$1.76 – $4.09
- Shares outstanding549,828,822
- ExchangeTSX
- Websitewww.rio2.com
Rio2 is a diversified precious metal and copper producer focused on building and operating mines with a management team that has proven technical skills as well as a successful capital markets track record. The Company is currently producing gold at its Fenix Gold heap leach mine in Chile and copper/gold/silver at its recently acquired Condestable underground mine in Peru. Rio2 and its wholly owned subsidiaries, Fenix Gold Limitada and Condestable S.A., are companies that operate with the highest environmental standards and responsibility with the firm conviction that it is possible to develop mining projects that respect the three pillars (Social, Environment, Economics) of responsible development. As related companies, we reaffirm our commitment to apply environmental standards beyond those mandated by regulators, seeking to protect and preserve the environment in the territories where we operate.
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Rio2 Limited financial statements
Key figures read from 32 of 32 financial statement filings, Aug 14, 2018 to Aug 12, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Dec 2025 thousands | Dec 2024 thousands | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$46,375 | US$45,009 | US$4,550,420 | US$4,679,667 | US$21,345,286 |
| Short-term investments | — | — | US$46,000 | US$46,000 | US$46,000 |
| Total current assets | US$228,440 | US$45,405 | US$4,894,027 | US$5,501,118 | US$23,115,873 |
| Total current liabilities | US$199,411 | US$9,661 | US$633,811 | US$1,708,896 | US$3,668,258 |
| Working capital | US$29,029 | US$35,744 | US$4,260,216 | US$3,792,222 | US$19,447,615 |
| Exploration and evaluation assets | US$227,027 | US$108,359 | US$63,261,989 | US$64,773,833 | — |
| Property, plant and equipment | — | — | US$29,233,068 | US$27,607,655 | US$2,031,752 |
| Total assets | US$468,809 | US$173,803 | US$108,417,985 | US$115,060,990 | US$95,695,108 |
| Total liabilities | US$345,731 | US$48,689 | US$35,207,184 | US$33,230,412 | US$7,332,095 |
| Shareholders' equity | US$123,078 | US$125,114 | US$73,210,801 | US$81,830,578 | US$88,363,013 |
Income statement: annual key figures
US dollars (US$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 thousands | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | US$81 | US$156,444 | US$26,366 | US$70,492 |
| General and administrative | US$11,916 | US$1,060 | US$642,000 | US$983,747 | US$929,396 |
| Share-based compensation | US$1,627 | US$572 | US$1,051,507 | US$1,710,366 | US$1,937,942 |
| Impairments and write-downs | US$839 | — | — | — | — |
| Net income (loss) | (US$13,642) | (US$21) | — | (US$2,303,461) | (US$10,525,334) |
Cash flow statement: annual key figures
US dollars (US$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 thousands | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$87,744 | (US$12,028) | (US$331,228) | (US$3,865,987) | (US$9,334,919) |
| Investing cash flow | (US$96,234) | (US$8,966) | (US$1,947,610) | (US$31,604,594) | (US$2,128,400) |
| Financing cash flow | US$9,487 | US$61,891 | (US$180,550) | US$25,881,752 | US$30,968,063 |
| Exploration spending (capitalized) | (US$90,231) | (US$4,466) | (US$1,217,667) | (US$4,463,121) | (US$4,099,901) |
| Proceeds from share issues | US$8,778 | — | — | — | — |
| Change in cash | US$1,366 | US$40,413 | (US$129,247) | (US$16,665,619) | US$18,742,309 |
| Cash at end of period | US$46,375 | US$45,009 | US$4,550,420 | US$4,679,667 | US$21,345,286 |
Rio2 Limited financings
6 financings announced or closed by Rio2 Limited, read by Mining News Terminal, newest first.