Rio2 Limited's Fenix Gold Mine in Chile faced severe winter storms during Q3 2026, caused by a super El Niño, leading to temporary suspension of mining operations and evacuation of personnel. Despite these disruptions, critical facilities like the leach pad and power generation remained operational at reduced capacity, preserving site integrity. Weather conditions are improving, and the company expects to achieve commercial production in Q4 2026, implementing initiatives to recover lost production. Formal guidance for the rest of the year remains withheld due to ongoing weather uncertainties.
Rio2 Limited's Fenix Gold Mine update is the subject, with Pluang market data for context. Of 38 Basic Materials-sector US stocks on Pluang, 7 rose and 29 fell today. AngloGold Ashanti Limited (AU) dropped 7.91% to USD 91.20, Harmony Gold Mining Co. (HMY) fell 7.75% to USD 17.50, and Sibanye Stillwater Ltd (SBSW) declined 6.79% to USD 9.89, as of Sep 28, 2026 18:13 WIB.
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