- Business
- Rio Silver Inc. (TSX-V: RYO, OTC: RYOOF) is a Canada-based exploration and development company focused on acquiring, evaluating and advancing high-grade silver-dominant precious and base metal properties, primarily in Peru; the company targets polymetallic deposits including silver, gold, lead, zinc and associated metals through its flagship Minas Maria Norte project in southern Peru's prolific Huachocolpa mining district, the recently acquired Santa Rita silver-lead-zinc property in central Peru, the Gerow Lake gold project spanning over 5,312 hectares in Ontario's Red Lake Mining District, and generates recurring revenue from advanced royalty payments of approximately US$150,000 annually alongside milestone payments exceeding US$2 million plus equity from the prior sale of its Ninobamba silver-gold project to Magma Silver Corp. Founded in 1999 and headquartered in Vancouver, Canada, Rio Silver operates principally in Peru—one of the world's top silver-producing nations—with subsidiary Rio Plata S.A.C. managing in-country activities and exploration efforts emphasizing district-scale opportunities in established silver belts. Recent developments include the December 2025 acquisition of the 100%-owned Santa Rita property via a closed-bid process with no underlying royalties to expand its central Peru footprint alongside Maria Norte, a November 2025 US$2.2 million private placement financing to fund Peruvian project advancement and general working capital pending TSX Venture Exchange approval of the Maria Norte transaction, ongoing metallurgical testing and infrastructure preparations such as high-altitude camps and access upgrades at Maria Norte to initiate development, a partnership with communications firm Caram Media for enhanced investor outreach, and the grant of 2.2 million incentive stock options to key personnel.