Rio Tinto Group (RIO) Earnings Call Transcripts

Rio Tinto Group's Latest Earnings Call - April 14, 2026

In the first quarter of fiscal year 2026, Rio2 Limited reported a significant operational update, particularly regarding its Fenix and Condestable projects. The company is ramping up production at Fenix, expecting to produce between 60,000 to 70,000 ounces of gold this year, with a long-term target of 100,000 ounces annually starting in 2027. Management indicated that the Condestable project is self-funding and does not require additional capital raises, which is a positive signal for cash flow stability. The company currently holds a cash balance of $93 million against $87 million in debt, reflecting a solid financial position.

Reported metrics

Guidance from management

Management maintained its production guidance for Fenix at 60,000 to 70,000 ounces for 2026 and reiterated the self-funding nature of the Condestable project, indicating no need for additional capital raises.

What management said

So the Fenix video, unfortunately, was very construction-oriented. We need to talk to our communications people and upgrade that to more of a mining-oriented video, but that's what we've been doing for the last 15 months, so it's still stacking the videos a little bit. So that's the presentation what we're doing and where we're trying to go. Thank you.

Economically, yes. I don't have that technical data, sorry, on what the run times are on an economical per tonne basis, it's some significant savings. So Marianne, you don't have any bit of information on that? [indiscernible]

What analysts pressed on

Analysts expressed concerns regarding the operational challenges at Fenix and the potential need for future financing if cash flows do not meet expectations. There were also questions about the economic viability of the electric trucks being trialed at Condestable.

Main topics on the call

• Fenix Project Production Ramp-Up — Rio2 plans to ramp up production at the Fenix project to between 60,000 to 70,000 ounces of gold in 2026, with a target of 100,000 ounces annually from 2027 onwards. Management stated, "We expect to produce 60,000 to 70,...
• Condestable Project Self-Funding — Management confirmed that the Condestable project is expected to be self-funding, stating, "We don't expect to have any trouble in Fenix... we don't intend to do any more capital raises or financing." This indicates stro...
• Exploration and Resource Expansion — The company is focusing on deep drilling at Fenix to enhance resource estimates, with an updated Mineral Resource Estimate (MRE) expected by year-end. Management noted, "The drilling... will internally to an updated MRE ...
• Production Grade Expectations — Fenix is expected to maintain a head grade of approximately 0.6% for the first three years, which is above the average project grade of 0.5%. Management mentioned, "We're currently feeding to the pad at about 0.6%."

Read the full Rio Tinto Group transcript (April 14, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 38 Rio Tinto Group earnings call transcripts on record, spanning February 26, 2020 to July 29, 2026. Based on this history, Rio Tinto Group reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RIO

Exchange

LSE

Country

GB

Sector

Materials

Industry

Metals and Mining

Calls on record

38

First call

February 26, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly