Mining Stock Daily Rio2 Construction Update for Fenix
Sep 9, 2025
Andrew Cox, CEO and President of Rio2 Limited, shares exciting developments from the Fenix Gold Project in Chile. The project is on schedule and slightly under budget, with first gold expected in early 2026. Key topics include overcoming winter challenges, securing funding, and the strategic importance of operational success for potential mergers. Cox also discusses future production plans and their significance for company valuation, making this construction update a must-listen for those interested in mining and investment opportunities.
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On-Time First Production Target
- Rio2 expects first gold in early 2026 after completing construction on schedule by December this year.
- The plant will ramp toward 20,000 tpd during the following year once leaching and plant commissioning finish.
Leach Pad And Early Processing Progress
- Stage one of the leach pad is finished and mineral is being loaded from Phoenix South onto the pad now.
- They expect to circulate solution in November and begin gold production internally in December, with public production in January.
Schedule Lifts Around Wind Patterns
- Plan lifting and heavy work around predictable wind patterns to avoid delays.
- Schedule lifts in early morning when winds are calmer to keep construction on track.