Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Echo Energy ( (GB:NTVO) ) has shared an update.
Nativo Resources Plc announced a key operational milestone at its Tesoro Gold Mine in Peru, with its joint venture, Boku Resources SAC, achieving its first mineral sale. The sale included 42.973 tonnes of ore, with a significant portion coming from the high-grade ‘Bonanza’ vein. This marks an important step in Nativo’s strategy to prioritize high-grade ore production to maximize operational profits. The successful production and sale set a positive tone for future operations and reinforce Nativo’s strategic focus on high-grade extraction, positioning the company strongly in the precious metals industry.
More about Echo Energy
Nativo Resources Plc is a company involved in gold mining and exploration projects in Peru. Through a joint venture established in July 2024, Nativo has secured opportunities to scale operations at the Tesoro Gold Concession, owning 50% of the production and resources. The company aims for early cash flow generation and plans to acquire a 100% interest in the Morrocota Gold Mine, with production expected to begin by the end of Q1 2025. Nativo also holds the Ana Lucia Polymetallic concession and is exploring strategies to exploit tailings deposits.
YTD Price Performance: 10.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.46M
See more insights into NTVO stock on TipRanks’ Stock Analysis page.
