Rio2 Copper Acquisition Expands Peru Mining Footprint

Post Views: 170 Rio2 Condestable copper mine Rio2 Copper Acquisition Strengthens Latin American Presence Rio2 (TSX: RIO) acquired a 99.1% stake in the Condestable copper mine from Southern Peaks Mining for $241 million. This strategic purchase positions Rio2 as a diversified metals producer in Latin America. The deal expands its footprint beyond gold development. Rio2 paid $80 million in cash, $65 million in debt financing, $35 million in common shares, and will make a deferred $37 million payment between 2027 and 2030. The company also assumes $24 million of Condestable’s debt, giving it full...