Core Viewpoint - Rio Tinto Group (RIO) has experienced a significant decline in stock price, down approximately 16% over the past year, and is currently near its 52-week low, which raises concerns about its future performance and production guidance [1][4]. Financial Performance - RIO reported revenues of $54 billion in fiscal 2023, which is 3.5% higher than the 5-year average, but underlying earnings of $11.8 billion were 15% lower than the 5-year average [11]. - The Zacks Consensus Estimate for 2024 earnings is projected at $6.38, indicating a year-over-year decline of 12% [12]. Production Outlook - Copper production is expected to be at the lower end of the previously stated range of 660-720 kt for fiscal 2024, with a potential impact of approximately 50,000 tons due to operational challenges [6]. - Iron ore shipments are forecasted to be between 323-338 Mt in 2024, reflecting a 0.4% year-over-year dip at the midpoint [7]. - Alumina production is anticipated to decline to between 7 Mt and 7.3 Mt for fiscal 2024, down from 7.5 Mt in 2023 [8]. Cost and Pricing Challenges - Pilbara iron ore unit costs are projected to be in the upper half of $21.75-$23.50 per ton for 2024, indicating an increase from $21.50 per ton reported in 2023 [9]. - Iron ore prices have decreased by 29.4% over the past year, currently at $98 per ton, due to weak demand in China [10]. Strategic Initiatives - Rio Tinto has earmarked $10 billion for capital expenditure annually, with $7 billion allocated for existing projects and decarbonization efforts [17]. - The company is focusing on growth projects, including the Simandou iron ore project and Oyu Tolgoi copper project, which are expected to ramp up production significantly by 2028 [18][19]. Acquisition Strategy - In 2022, RIO acquired the Rincon lithium project in Argentina and plans to invest $2.5 billion to expand it, with a mine life expected to be 40 years [20]. - RIO also acquired a 50% stake in Matalco to strengthen its position in the North American recycled aluminum market, where demand is projected to increase by over 70% from 2022 to 2032 [21]. Market Valuation - RIO trades at a forward price-to-earnings multiple of 9.2, which is lower than the industry average of 12.13, indicating a potentially attractive valuation [27].

Core Viewpoint - Rio2 Limited is advancing construction activities at the Fenix Gold Mine in Chile, with significant milestones achieved and a focus on first gold production expected in January 2026 [1][3][15]. Overview - Pre-construction activities began in 2022, and the Environmental Impact Assessment (EIA) was approved in December 2023 after an 18-month appeal [2]. - Construction activities resumed in October 2024 following successful financing efforts [3]. Financials - The projected construction capital expenditure (capex) for 2025 is estimated at USD 122 million, excluding refundable Chilean VAT [3]. - The total investment in the Fenix Gold Project is approximately USD 235 million, covering initial and sustaining capital [17]. Construction Progress - Bulk earthworks at the plant site are completed, and concrete bases for the processing plant have been poured [4]. - Earthworks for the leach pad stability platform have commenced, designed to be built in four phases over the mine's 17-year life [5]. - Excavation earthworks for the Pregnant Leach Solution (PLS) pond have started, with a capacity of 28,000 cubic meters [6]. Personnel and Safety - Over 531 staff and contractors are currently on-site, with approximately 50% from the Atacama region and 16% being women [7]. - The project achieved 161,917 person-hours worked with no lost time injuries reported by the end of Q4 2024 [8]. Geological and Exploration Activities - A 12,000-meter grade control drilling program will commence in February, focusing on the first three years of production [11]. - A 25,000-meter CSAMT electromagnetic survey will be conducted to identify geological targets for future exploration [12]. Expansion Potential - A preliminary study indicates the potential to expand the mining rate from 20,000 tonnes per day to 80,000 tonnes per day, potentially increasing gold production from approximately 100,000 ounces per annum to a target range of 250,000 to 300,000 ounces per annum [14]. - Baseline studies for an EIA related to the expansion are anticipated to be ready for review by Q4 2026 [14]. Company Leadership - Enrique Garay has returned as Senior Vice President - Geology to lead the geological team in preparation for mining [13].

UKRAINE - 2021/10/08: In this photo illustration, Freeport-McMoRan Copper & Gold Inc. logo seen ... [+] displayed on a smartphone and in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Freeport-McMoRan (NYSE: FCX), one of the largest producers of copper, has seen its stock underperform over the last three months, falling by 25% compared to the S&P 500 which was up 3%. Freeport’s stock price movement is aligned with that ...

I discussed Arcadium Lithium "ALTM" (NYSE: ALTM ) last August when the stock was trading around the $2.50-$3 range . The stock had become absurdly oversold and undervalued, enabling me to accumulate a considerable position around this time frame.Are You Getting The Returns You Want? Invest alongside the Financial Prophet's All-Weather Portfolio (2024 75% return) and achieve optimal results in any market.The Daily Prophet Report provides crucial information before the opening bell rings each morning.Implemen ...

Rio Tinto (RIO) has joined forces with BHP Group (BHP) and BlueScope to develop Australia’s largest ironmaking electric smelting furnace (ESF) pilot plant in Western Australia. The BHP-RIO alliance will work on processing iron sourced from Pilbara using an electric furnace replacing traditional blast furnaces. This could lead the way in decarbonizing the steelmaking process, which is the need of the hour considering that steel production accounts for around 8% of the world’s carbon emissions.Details of RIO ...

VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO), after completing the Company’s highly successful debt and equity financing announced on October 21, 2024, provides an update on the progress made by its Chilean subsidiary, Fenix Gold Limitada (“Fenix Gold”), which is currently constructing the Fenix Gold Mine located in the Maricunga Gold Belt of the Atacama Region, in Chile. Advancements include the commencement of hir ...

Rio Tinto Group (RIO) announced that it would invest $2.5 billion in its first commercial-scale lithium operation, the Rincon project, in Argentina. This move is in sync with Rio Tinto’s goal to build a world-class battery material portfolio.Details on Rio Tinto’s Rincon ProjectRincon, a long-life asset, is designed to produce 60,000 tons of battery-grade lithium carbonate per year. This includes a 3,000-ton starter plant and a 57,000-ton expansion plant. The mine's ore reserves are 60% higher than what the ...

This picture taken on November 26, 2024, shows the logo of Rio Tinto, a global mining and metals ... [+] company, at the headquarters of its iron ore division in Perth, Western Australia. (Photo by SAEED KHAN / AFP) (Photo by SAEED KHAN/AFP via Getty Images)AFP via Getty ImagesThe shares of diversified mining giant Rio Tinto (NYSE: RIO) have declined almost 16% year to date, underperforming the broader markets. The company recently posted higher shipments of both iron ore and bauxite for the third quarter o ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Rio Tinto (RIO) .Rio Tinto currently has an average brokerage recommendati ...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) is pleased to announce that it has priced and upsized its previously announced overnight marketed public offering (the “Public Offering”) of common shares (the “Common Shares”) of the Company from up to C$40 million to C$55 million. Overall, 84,615,400 Common Shares will be ...