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Rio2 Limited (V:RIO)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 1000, 355 Burrard Street
Tel: N/A
IR: See website
Key People
Klaus M. Zeitler
Non-Executive Independent Chairman of the Board
Alexander Black
President, Chief Executive Officer, Director
Kathryn Johnson
Chief Financial Officer, Executive Vice President, Corporate Secretary
Andrew Cox
Chief Operating Officer, Executive Vice President
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. The Company's principal business activity is the exploration and development of its Fenix Gold Project in Chile. The Fenix Gold Project 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 covers approximately 16,050 hectares of area. In addition to the Fenix Gold Project in development in Chile, the Company continues to pursue additional acquisitions where it can deploy its operational and responsible mining practices to build a multi-asset, multi-jurisdiction, precious metals company.
Financial Overview
For the three months ended 31 March 2022, Rio2 Ltd revenues was not reported. Net loss decreased 18% to $2.6M. Lower net loss reflects Foreign exchange (gain) loss increase from $1.1M (expense) to $926K (income), Exploration Costs decrease of 90% to $4K (expense), Professional fees decrease of 8% to $167K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.02 to -$0.01.
Employees: 56 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $114.35M as of Mar 31, 2022
Annual revenue (TTM): $0.00M as of Mar 31, 2022
EBITDA (TTM): -$16.38M as of Mar 31, 2022
Net annual income (TTM): -$12.78M as of Mar 31, 2022
Free cash flow (TTM): -$32.37M as of Mar 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 256,684,713 as of Apr 13, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization