Nativo Resources (LSE:NTVO) has moved forward with development plans for the La Patona Gold Ore Processing Plant in Acari, Peru, after finalising agreements to manage, complete and operate the partially constructed facility, although extended contract negotiations have pushed back the start of site works by as much as 15 weeks.
The company will utilise existing operating permits for the project and is currently reviewing three engineering, procurement and construction (EPC) proposals for the 15-hectare processing site. The plant is designed as a dual-circuit flotation and cyanidation operation with an initial processing capacity of 220 tonnes per day, while allowing for future expansion as feed supply grows.
Once operating at full capacity and assuming consistent ore availability, the facility is expected to recover between 1.4 and 1.7 kilograms of gold daily. The project will also include an on-site laboratory capable of assaying third-party ore, providing potential additional revenue opportunities alongside core processing activities.
Nativo anticipates construction and commissioning to be completed during the second half of 2026, with total development costs estimated at approximately $1.8 million. Veteran processing engineer Bernardino Alegría Aragón has been appointed to lead construction and operational delivery, reinforcing the company’s efforts to accelerate monetisation of its Peruvian gold assets at a time of strong global demand for the metal.
The company’s broader outlook remains weighed down by weak financial metrics, including ongoing losses, negative equity and elevated leverage relative to assets, alongside continued cash burn. While recent trading momentum has supported short-term technical indicators, the shares remain below their 200-day average, moderating the overall signal. Valuation metrics also remain pressured due to negative earnings and the absence of dividend support.
More about Nativo Resources
Nativo Resources plc is a UK-listed mining company focused on near-term gold production and processing opportunities in Peru. Its strategy includes primary gold mining, ore processing and recovery of gold from historic tailings deposits. The company is advancing development at the Tesoro Gold Concession and has stated plans to allocate a portion of future free cash flow and potential capital raises toward establishing a Bitcoin treasury reserve.
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