Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Echo Energy ( (GB:NTVO) ) has provided an announcement.
Nativo Resources plc has revised the terms for acquiring the Morrocota Gold Mine, reducing the consideration to approximately £115,885. The acquisition will involve the issuance of over four billion new shares at a price of £0.0000288 per share, with all other terms remaining unchanged. The acquisition is expected to complete by March 2025, with production anticipated to begin by the end of Q1 2025. This strategic move is part of Nativo’s broader plan to expand its gold mining operations and establish a higher-margin production strategy.
More about Echo Energy
Nativo Resources plc is engaged in gold mining and exploration projects in Peru. The company has established a 50:50 joint venture for operations at the Tesoro Gold Concession and plans to acquire a 100% interest in the Morrocota Gold Mine. Nativo aims for early cash flow generation and intends to build its own gold ore processing plant. It also holds the Ana Lucia Polymetallic concession.
YTD Price Performance: 10.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.39M
For detailed information about NTVO stock, go to TipRanks’ Stock Analysis page.
