Rio2 Limited Fenix Gold Project Update
Rio2 Limited is on track for its first gold pour at the Fenix Gold project in Chile’s Atacama region by early 2026, with construction currently 19% complete and on budget. The project, hosting 389 million tonnes of ore with a total of 4.8 million ounces of gold, aims to produce 91,000 ounces annually at a low all-in sustaining cost of US$1250 per ounce, utilizing a heap leach operation to minimize environmental impact. With over 1240 personnel employed and a focus on local hiring, Rio2’s commitment to safe and responsible mining practices is evident as they advance towards significant milestones.
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