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Rio2 updates Condestable mine resources, extends mine life to 14 years with strong copper, gold, and silver outlook.

Company Fundamentals
23 Jun 2026
GlobeNewsWire
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Bullish
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Rio2 Limited released an updated technical report for its Condestable copper mine in Peru, confirming a 14-year mine life through 2039 with increased mineral resources and reserves. The report forecasts annual production of 18,000 tonnes of copper, alongside gold and silver, at competitive costs and robust economics, including an after-tax NPV of US$710 million. Rio2 plans to expand production from 8,400 to 10,000 tonnes per day pending environmental approval and continues exploration to grow resources. This positions Condestable as a key long-term asset in Rio2's Latin American portfolio.

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