Andrew Cox - Rio2 Senior Vice President - Operations

RIO Stock  CAD 0.68  0.02  3.03%   

President

Mr. Andrew Cox is an Senior Vice President Operations of the Company. Andrew Cox is based in Lima, Peru and has over 24 years of experience in mining operations around the world. Andrew held various positions at Rio Alto Mining Limited since 2011 until acquired in 2015. He was Operations Manager at La Arena mine from 2011 to 2014, moving to the Shahuindo gold project as acting Operations Manager for the first year of construction in 2015. Following the acquisition of Rio Alto Mining Limited by Tahoe Resources Inc. in April 2015, Andrew was the Corporationrationrate Operations Manager Peru until December 2016. Prior to his involvement with Rio Alto Mining Limited, Andrew managed the Dam Embankment Project at Oceana Gold Macraes Flat mine and the Alliance Mining contract at the Globe Progress Mine for Stracon New Zealand from 2009 to 2011. In 2005, Andrew joined mining and civil contractor Stracon GyM in Peru as manager of the El Brocal open pit mining contract until 2009. Andrew started his career as a production geologist in New Zealand at Solid Energys Stockton mine before spending 10 years in alluvial gold mining and exploration in New Zealand, Chile and Bolivia. Andrew holds an MSc Geology Honours and Bsc Geology from the University of Canterbury in New Zealand. since 2017.
Tenure 7 years
Professional MarksMBA
Address The Marine Building, Vancouver, BC, Canada, V6C 2G8
Phone604 762 4720
Webhttps://www.rio2.com

Rio2 Management Efficiency

The company has return on total asset (ROA) of (0.0579) % which means that it has lost $0.0579 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1248) %, meaning that it generated substantial loss on money invested by shareholders. Rio2's management efficiency ratios could be used to measure how well Rio2 manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.12 in 2024. Return On Capital Employed is likely to climb to -0.05 in 2024. At this time, Rio2's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 143.3 M in 2024, whereas Intangible Assets are likely to drop slightly above 157.9 K in 2024.
Rio2 has accumulated 613.59 K in total debt with debt to equity ratio (D/E) of 0.5, which is about average as compared to similar companies. Rio2 has a current ratio of 0.65, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Rio2 until it has trouble settling it off, either with new capital or with free cash flow. So, Rio2's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Rio2 sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Rio2 to invest in growth at high rates of return. When we think about Rio2's use of debt, we should always consider it together with cash and equity.

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Rio2 Limited operates as a precious metals company in Americas. Rio2 Limited was incorporated in 1990 and is based in Vancouver, Canada. RIO2 operates under Gold classification in Canada and is traded on TSX Venture Exchange. Rio2 (RIO) is traded on TSX Venture Exchange in Canada and employs 5 people. Rio2 is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Rio2 Leadership Team

Elected by the shareholders, the Rio2's board of directors comprises two types of representatives: Rio2 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rio2. The board's role is to monitor Rio2's management team and ensure that shareholders' interests are well served. Rio2's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Rio2's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jose Martinez, Executive Vice President - Corporate Development and Strategy
Andrew Cox, Senior Vice President - Operations
Alexander Black, Chairman of the Board and Presidentident, CEO
Daniel LLB, Legal Counsel
Kathryn Johnson, CFO, Executive Vice President Corporate Secretary

Rio2 Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Rio2 a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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Additional Tools for Rio2 Stock Analysis

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