Rio2 Limited

TSX:RIO Stock Report

Market Cap: CA$1.5b

Rio2 Management

Management criteria checks 3/4

Rio2's CEO is Andrew Cox, appointed in Nov 2022, has a tenure of 3.5 years. total yearly compensation is $767.55K, comprised of 44.3% salary and 55.7% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth CA$2.34M. The average tenure of the management team and the board of directors is 2.4 years and 9.1 years respectively.

Key information

Andrew Cox

Chief executive officer

US$767.5k

Total compensation

CEO salary percentage44.30%
CEO tenure3.5yrs
CEO ownership0.2%
Management average tenure2.4yrs
Board average tenure9.1yrs

Recent management updates

Recent updates

New Narrative • Apr 23

Rio2's Future Growth Looks Promising with a Revenue Boost of 41%

Rio2 appears significantly undervalued relative to its long‑term earnings potential. Based on the platform’s future estimates, the company is expected to generate US$562.2 million in earnings by 2030 , supported by strong revenue growth reaching US$5.85 billion.
Analysis Article • Jul 31

We're Not Worried About Rio2's (CVE:RIO) Cash Burn

Just because a business does not make any money, does not mean that the stock will go down. By way of example, Rio2...
Analysis Article • Apr 05

Here's Why We're Not Too Worried About Rio2's (CVE:RIO) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Sep 15

Companies Like Rio2 (CVE:RIO) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, Rio2 ( CVE:RIO...
Analysis Article • Dec 11

We're Not Worried About Rio2's (CVE:RIO) Cash Burn

We can readily understand why investors are attracted to unprofitable companies. For example, although...
Analysis Article • Aug 28

Rio2 (CVE:RIO) Is In A Good Position To Deliver On Growth Plans

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Apr 23

Here's Why We're Watching Rio2's (CVE:RIO) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Dec 05

Is Rio2 (CVE:RIO) In A Good Position To Deliver On Growth Plans?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Feb 05

Is Rio2 Limited's (CVE:RIO) Shareholder Ownership Skewed Towards Insiders?

The big shareholder groups in Rio2 Limited ( CVE:RIO ) have power over the company. Institutions often own shares in...
Analysis Article • Dec 14

How Much Are Rio2 Limited (CVE:RIO) Insiders Spending On Buying Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

CEO Compensation Analysis

How has Andrew Cox's remuneration changed compared to Rio2's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

-US$14m

Sep 30 2025n/an/a

US$3m

Jun 30 2025n/an/a

US$1m

Mar 31 2025n/an/a

-US$419k

Dec 31 2024US$768kUS$340k

-US$21k

Sep 30 2024n/an/a

-US$14m

Jun 30 2024n/an/a

-US$10m

Mar 31 2024n/an/a

-US$12m

Dec 31 2023US$365kUS$280k

-US$12m

Sep 30 2023n/an/a

-US$6m

Jun 30 2023n/an/a

-US$3m

Mar 31 2023n/an/a

-US$1m

Dec 31 2022US$424kUS$280k

-US$2m

Sep 30 2022n/an/a

-US$7m

Jun 30 2022n/an/a

-US$10m

Mar 31 2022n/an/a

-US$10m

Dec 31 2021US$600kUS$280k

-US$11m

Sep 30 2021n/an/a

-US$11m

Jun 30 2021n/an/a

-US$12m

Mar 31 2021n/an/a

-US$11m

Dec 31 2020US$548kUS$272k

-US$9m

Sep 30 2020n/an/a

-US$8m

Jun 30 2020n/an/a

-US$8m

Mar 31 2020n/an/a

-US$7m

Dec 31 2019US$332kUS$264k

-US$8m

Compensation vs Market: Andrew's total compensation ($USD767.55K) is below average for companies of similar size in the Canadian market ($USD1.42M).

Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.

CEO

Andrew Cox

3.5yrs
Tenure
US$767,545
Compensation

Mr. Andrew Cox serves as President & CEO at Rio2 Limited since November 2022 and also serves as its Non-Independent Director since December 15, 2022. He served as Executive Vice President and Chief Operati...

Leadership Team

NamePositionTenureCompensationOwnership
Alexander Black
Executive Chairman9.5yrsUS$650.91k3.44%
CA$ 51.8m
Andrew Cox
President3.5yrsUS$767.55k0.15%
CA$ 2.3m
Kathryn Johnson
CFO, Executive VP & Corporate Secretary9yrsUS$589.51k0.22%
CA$ 3.3m
Daniel Kenney
Legal Counsel7yrsno datano data
Maria Alejandra Gomez
Senior Vice President of Corporate Communications1.3yrsno datano data
Enrique Garay Manyari
Senior Vice President of Geology1.3yrsno data0.20%
CA$ 3.0m
Enrique Montaudon Ramirez
Senior Vice President of Mining & GM of Condestableless than a yearno datano data
Christopher Diaz
Senior Vice President of Financeless than a yearno data0.0013%
CA$ 19.3k
2.4yrs
Average Tenure
57yo
Average Age

Experienced Management: RIO's management team is considered experienced (2.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Alexander Black
Executive Chairman9.5yrsUS$650.91k3.44%
CA$ 51.8m
Andrew Cox
President3.4yrsUS$767.55k0.15%
CA$ 2.3m
Albrecht Schneider
Independent Director7.8yrsUS$28.67k2.16%
CA$ 32.5m
Klaus Zeitler
Lead Independent Director9.5yrsUS$43.07k0.45%
CA$ 6.8m
Sidney P. Robinson
Independent Director9.1yrsUS$23.36k0.15%
CA$ 2.2m
Ram Ramachandran
Independent Director9.1yrsUS$32.12k0.039%
CA$ 588.5k
Drago Kisic Wagne
Independent Director7yrsUS$24.09k0.043%
CA$ 646.4k
9.1yrs
Average Tenure
77yo
Average Age

Experienced Board: RIO's board of directors are considered experienced (9.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 06:55
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Rio2 Limited is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ben PirieAtrium Research
null nullCantor Fitzgerald Canada Corporation
null nullRaymond James Ltd.