May. 18 at 1:14 PM
$RIOFF pretty good expert answer from Gemini.
1/n
started chat with: "how many ounces of gold is Rio2 guidance for their Fenix gold mine once it gets up to 20,000 tpd steady state processing? they filed their Q1 on Friday 5/15/26 late at night"
2nd prompt: "so they are profitable and will continue to be as they continue building up production to the 20,000 tpd? "
Gemini:
The short answer is **yes, they are generating significant cash flow**, but "profitability" for a mining company in ramp-up can be a bit of a nuanced term.
Based on the Q1 filing from May 15, 2026, the company’s financial health looks robust, though they are technically in a transitional "pre-commercial" phase. Here is the breakdown of how the money is moving:
### 1. Operational Cash Flow (The "Green" Light)
The most important takeaway from the Friday filing is that Rio2 is already **cash-flow positive from operations**.
