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Echo Energy ( (GB:NTVO) ) just unveiled an announcement.
Nativo Resources Plc has announced the acquisition of the remaining 50% of its Peruvian joint venture, Boku Resources SAC, granting it full ownership. This strategic move allows Nativo to streamline operations and focus on its gold mining activities in Peru, particularly at the Bonanza and Morrocota mines. The company plans to initiate fieldwork and sampling studies with Inveritas Global Holdings Ingenieria S.A. to prepare for production resumption. This acquisition is expected to enhance Nativo’s operational efficiency and strengthen its market position in the Peruvian gold mining sector.
More about Echo Energy
Nativo Resources Plc is a gold-focused mining company with interests in Peru. The company’s strategy revolves around primary gold mining, gold ore processing, and the recovery of gold from tailings. Nativo has acquired or optioned several projects for development and aims to expand further. The company plans to scale operations on the Tesoro Gold Concession, particularly focusing on the Bonanza and Morrocota mines. Additionally, Nativo intends to allocate portions of free cash flow and future fundraises to Bitcoin purchases, holding Bitcoin as a long-term treasury reserve asset.
Average Trading Volume: 28,140,320
Technical Sentiment Signal: Sell
Current Market Cap: £2.35M
Learn more about NTVO stock on TipRanks’ Stock Analysis page.