Rio2 Expands in Latin America With the Acquisition of the Producing Condestable Mine

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• Condestable has 10+ years reserve life and demonstrates year-over-year reserve/resource growth

  80% confidence

• Pro forma Rio2 will generate approximately US$330M in annual EBITDA

  80% confidence

• Condestable mine will produce average annual EBITDA of approximately US$110M at consensus prices or US$145M at spot prices for 2026-2030

  80% confidence

• Post-Fenix Phase 2 (2031+) total production potential is approximately 380,000 oz gold equivalent with gold contributing over 80% of revenue at long-term consensus prices

  80% confidence

• Near-term production (2027-2028) will be approximately 180,000 oz gold equivalent with copper representing less than 30% of revenue at spot prices

  80% confidence

• Copper is trading at historic lows relative to gold, making this an opportune time for copper acquisition

  80% confidence

• Condestable is one of only two operating IOCG mines in Peru

  80% confidence

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