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

Nativo Resources (LSE:NTVO) has announced encouraging early results from its surface sampling and trenching programme at the Bonanza area within the Tesoro Concession in Peru. The findings confirm gold grades consistent with economic mining and support historical data previously reported by former operator St Elias Mines.

Sampling around the existing Bonanza workings delivered high-grade gold values of up to 19.5 g/t, with average grades of roughly 10 g/t from narrow mesothermal veins. Structural work has also identified three main shear-zone-controlled vein systems extending for up to 1 km, which the company believes are favourable for establishing continuous and sustainable production.

Alongside these exploration results, Nativo has completed underground rehabilitation and preparatory works, providing a foundation for detailed mine planning. Management intends to move toward a near-term restart of mining at Bonanza, while also advancing planning at Morrocota and gradually expanding gold exploration across the wider Tesoro Concession. Discussions with mining contractors are ongoing, and further underground sampling and geological modelling programmes are underway.

From a market perspective, the company’s outlook is constrained by very weak financial fundamentals, including ongoing losses, negative equity, high leverage relative to assets and continued cash burn. Technical indicators offer limited support following a sharp short-term rebound, but stretched momentum and trading below the 200-day moving average temper the signal. Valuation metrics remain unfavourable due to negative earnings and the absence of dividend support.

More about Nativo Resources Plc

Nativo Resources Plc is a Peru-focused gold mining company targeting primary gold production, ore processing and the recovery of gold from tailings. The group has acquired or secured options over several gold projects in Peru and is currently prioritising the development and scale-up of operations at the Tesoro Gold Concession, centred on the Bonanza and Morrocota mines. The company also plans to allocate a portion of future free cash flow and capital raises into Bitcoin as a long-term treasury reserve asset.