Peruvian copper muscle drives US$50M earnings bonanza for Rio2
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Rio2 Ltd reported quarterly revenue of US$115M. The company achieved US$50M in EBITDA. These results were driven by performance at a copper mine in Peru. A gold operation in Chile is also increasing activity after being affected by weather.
TSX-listed Rio2 Ltd banked US$115M in quarterly revenue and US$50M in EBITDA as its Peruvian copper mine delivered and its weather-affected Chilean gold continued to ramp up in Chile.