Rio2 is trading at $2.35, down 8.20% in live trading on September 29, as winter storms disrupted the Fenix Gold production ramp-up.
- In its September 28 update, Rio2 said severe winter storms repeatedly suspended mining during the third quarter.
- Unseasonal snowfall may continue through December, but commercial production remains on track for Q4.
- The update described temporary shutdowns and production impacts; it did not report cancellation of the Q4 commercial-production target.