Gold Pour At The Fenix Gold Mine

VANCOUVER – Rio2 Limited the first official gold pour at Rio2’s Fenix Gold Mine in Chile. Construction of critical path items at Fenix Gold has been completed on time and on budget, as previously guided. This gold pour yielded approximately 897 ounces of gold which are in addition to approximately 358 ounces of gold that were produced in December as part of the plant commissioning process. As well, the two pours combined produced approximately 131 ounces of silver. With this significant milestone, the Fenix Gold Mine has become the newest gold mine in Chile.
Rio2 is now focused on ramping up operations at Fenix Gold to 20,000 tonnes per day of ore to pad over the remainder of the year. Based on the current ramp-up plan, Rio2 is targeting gold production of 60,000 to 70,000 ounces for 2026. 
Alex Black, Executive Chairman said, “This milestone moment is the culmination of a long and somewhat challenging eight-year journey since our 2018 merger with Atacama Pacific Gold Corporation. It speaks to the discipline, execution capability and determination of our team. On behalf of the board of directors of Rio2, I want to congratulate Andrew Cox and the combined Rio2 and Fenix Gold team for delivering the Fenix Gold Mine on budget, in record time. Despite all that we have dealt with, the team has always maintained its “never give up” attitude to get the job done. Fenix Gold is the cornerstone asset for creating value for all our stakeholders and I look forward to what the future holds as we expand the mine and bed-down the Condestable Copper Mine acquisition that we announced in December.”