Nativo Resources (LSE:NTVO) has reported further progress at its Tesoro Gold Concession in Peru, where it has extracted around 46 tonnes of mineralised vein material and completed a geological programme comprising 186 samples. The results have confirmed structurally controlled, narrow-vein gold mineralisation with several distinct high-grade shoots. Based on these findings, the company is directing operations towards the highest-priority areas within the Tesoro and Tesoro 1 vein systems, with the objective of selectively mining higher-grade zones, improving resource continuity and reducing geological uncertainty.
The company has also advanced preparations for its La Patona Gold Ore Processing Plant, completing engineering designs, equipment schedules, procurement planning and detailed cost estimates. With these elements now in place, the project is effectively ready for construction once financing has been secured. The facility is planned to begin operations with processing capacity of around 70 tonnes per day, initially focusing on high-grade ore. Confirmed third-party ore supply is expected to complement material from Nativo’s own mining operations, with commissioning targeted for late 2026. The project is intended to create an integrated mining and processing business while strengthening the company’s presence in Peru’s artisanal and small-scale gold mining sector.
Despite operational progress, Nativo’s investment outlook remains constrained by its financial position. The company continues to generate no revenue, reports ongoing losses, has negative shareholder equity and remains cash flow negative. Technical indicators are broadly neutral, with the shares trading below key longer-term moving averages, while valuation metrics offer limited support given the company’s negative earnings and lack of a dividend.
More about Nativo Resources Plc
Nativo Resources Plc is a London-listed precious metals company focused on gold exploration, mining and processing in Peru. Its principal assets include the Tesoro Gold Concession in southern Peru and the planned La Patona Gold Ore Processing Plant, which is designed to operate as a regional processing hub for ore sourced from both the company’s own projects and third-party miners.
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