Nativo Resources (LSE:NTVO) has announced new assay results from underground sampling at its Bonanza Gold Mine, part of the Tesoro concession in southern Peru. Certified laboratory testing returned standout grades of up to 73.4 g/t gold, alongside notable silver values, confirming the presence of bonanza-grade mineralisation within structurally controlled zones of the Bonanza vein system.
These findings strengthen the company’s geological interpretation, demonstrating continuity of high-grade mineralisation from surface exposures into underground workings and pointing to potential extensions at depth. Together with earlier sampling results and existing stockpiled material, the data support a selective narrow-vein mining strategy. This approach is aimed at reducing dilution, focusing on high-margin zones, and enabling early-stage cash flow as the company moves toward initial production and sales targeted for the second quarter of 2026.
Despite encouraging operational progress, the company’s financial profile remains a key constraint, with ongoing losses, negative equity, relatively high leverage compared to asset levels, and continued cash burn. Market indicators offer limited support, reflecting a short-term recovery in the share price, though momentum appears stretched and the stock remains below its 200-day average. Valuation also remains challenging due to negative earnings and the absence of dividend support.
More about Nativo Resources plc
Nativo Resources plc is a London-listed gold mining company focused on projects in Peru. The company is engaged in primary gold extraction, ore processing, and the recovery of gold from tailings. Its near-term strategy centres on scaling production at the Tesoro Gold Concession, including the Bonanza and Morrocota mines, as it works toward establishing sustainable operations and revenue generation.
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