Echo Energy (GB:NTVO) has released an update.
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Nativo Resources has signed an agreement to acquire the Morrocota Gold Mine in Peru, enhancing its gold production capabilities alongside its Bonanza mine. This acquisition, expected to be finalized in several months, aims to boost cash flow by mid-2025, with initial production anticipated in three months. The deal will be financed through the issuance of new shares, reflecting the company’s strategic expansion in the Peruvian mining sector.
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