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Echo Energy ( (GB:NTVO) ) has provided an update.
Nativo Resources Plc has announced an increase in the internal resource estimate for the Tesoro Gold Concession to approximately 213,000 ounces of contained gold, with significant contributions from the Bonanza and Morrocota mines. The company plans to restart production at Tesoro and initiate production at Morrocota following further fieldwork and mine planning. Additionally, Nativo is restructuring its bond proposals after failing to meet the quorum at a recent Noteholder Meeting, with a new meeting scheduled for 30 July 2025. The company is also enhancing its management team in Peru to accelerate development opportunities.
More about Echo Energy
Nativo Resources Plc is involved in gold mining and exploration projects in Peru. The company operates through a 50:50 joint venture with a local partner, Boku, to scale operations at the Tesoro Gold Concession. Nativo plans to establish its own gold ore processing plant to increase margins and has acquired a 100% interest in the Morrocota Gold Mine. The company is also exploring opportunities to recover gold and silver from tailings dumps in the Ancash region.
Average Trading Volume: 11,122,545
Technical Sentiment Signal: Strong Sell
Current Market Cap: £300.3K
See more data about NTVO stock on TipRanks’ Stock Analysis page.