Rio2’s Condestable Produces 9.3 Mlb of Copper in Q2, Keeps 2026 Guidance

Published: Aug 14, 2026 13:13

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Rio2 Limited’s Condestable mine in Peru processed more than 700,000 tonnes of ore in Q2 2026, producing 9.30 million lb of copper, 4,451 oz of gold and 74,374 oz of silver contained in concentrate. Average ore grades were 0.66% copper, 0.24 g/t gold and 3.88 g/t silver. Copper grades came in below plan due to higher internal dilution in certain mining areas, particularly in June, while copper recoveries remained slightly below expectations because of higher oxide content near the base of oxidation. Condestable maintained its February–December 2026 payable copper-equivalent production guidance at 21,500–23,500 tonnes. Rio2 is also advancing ore-sorting trials, a tailings filtration plant and a preliminary assessment to expand processing capacity to 10,000 tpd, with pilot ore-sorting equipment expected to arrive before November 2026. Current reserves and resources support an estimated 14-year mine life.

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