Analyst RecommendationAnalyst maintains a BUY rating and increases the target price to C$2.40/share, reflecting confidence in the company's future performance.
Cost ManagementThe project spend is under budget, indicating effective cost management at the Fenix Gold Project.
Expansion PlansRio2 announced two MOUs for the potential supply of desalinated water to the Fenix Gold Mine, allowing Fenix to move forward with its expansion plan, where annual production scales from 82Koz per year to over 300Koz.
Stock Exchange GraduationRio2 officially graduated to the TSX, marking a major step that could enhance its visibility and credibility in the market.