This episode of Mining Stock Daily spotlights the recent move by Rio 2 Limited to acquire the a producing asset in Peru. CEO Alex Black joins the show to discuss Rio 2's acquisition of the Condestable mine, a transaction that provides immediate cash-flow exposure. Black explains that Condestable acquisition deal and how it will fund the capital expenditure required for the expansion of the Fenix Gold project in Chile. With Fenix Gold on track for first production next month, the combined portfolio is projected to generate approximately $300 million a year in free cashflow, with exploration remaining the fastest path to value creation at the new Peruvian operation.
Mining Stock Daily