Nativo Resources Confirms High-Grade Gold at Bonanza as It Moves to Restart Mining in Peru

Echo Energy ( (GB:NTVO) ) has provided an announcement.

Nativo Resources has reported that initial results from its Bonanza surface sampling and trenching programme at the Tesoro Concession in Peru confirm gold grades consistent with economic mining and validate historic data collected by previous operator St Elias Mines. Surface sampling around existing Bonanza workings returned high-grade gold values of up to 19.5 g/t and an average of around 10 g/t from narrow mesothermal veins, while structural analysis has identified three principal shear-zone-controlled vein systems extending up to 1 km, viewed as favourable for continuous, sustainable production. Together with completed underground rehabilitation and preparation, these results provide a solid basis for mine planning and underpin Nativo’s intention to restart mining operations at Bonanza in the near term, advance planning for Morrocota, and progressively expand the gold footprint across the wider Tesoro Concession, with discussions underway with mining contractors and further underground sampling and geological modelling in progress.

The most recent analyst rating on (GB:NTVO) stock is a Hold with a £0.48 price target. To see the full list of analyst forecasts on Echo Energy stock, see the GB:NTVO Stock Forecast page.

Spark’s Take on GB:NTVO Stock

According to Spark, TipRanks’ AI Analyst, GB:NTVO is a Neutral.

The score is driven down primarily by very weak financial performance (losses, negative equity, high leverage vs assets, and cash burn). Technicals provide only partial support due to a strong short-term rebound, but stretched momentum and a position below the 200-day average temper the signal. Valuation is also unfavorable because earnings are negative and there is no dividend support.

To see Spark’s full report on GB:NTVO stock, click here.

More about Echo Energy

Nativo Resources Plc is a gold-focused mining company with interests in Peru, targeting primary gold mining, gold ore processing and the recovery of gold from tailings. The company has acquired or optioned several Peruvian gold projects and is prioritising the scaling up of operations at the Tesoro Gold Concession, centred on the Bonanza and Morrocota mines, while also planning to allocate part of future free cash flow and fundraises into Bitcoin as a long-term treasury reserve asset.

Average Trading Volume: 11,450,684

Technical Sentiment Signal: Strong Sell

Current Market Cap: £2.29M

Learn more about NTVO stock on TipRanks’ Stock Analysis page.