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Echo Energy ( (GB:NTVO) ) just unveiled an update.
Nativo Resources announced a temporary suspension of mining operations at the Tesoro Gold Concession due to heavy rainfall affecting the Arequipa region in Peru. The company anticipates resuming operations in about three weeks once conditions improve for safe mining and logistical transport. Despite this pause, Nativo has maintained continuous operations since December 2024, with ore shipments meeting expected grades. The company is focusing on expanding the mine to optimize production and is committed to sustainable long-term operations.
More about Echo Energy
Nativo Resources Plc is involved in gold mining and exploration projects in Peru. The company operates through a joint venture with a local partner, holding a 50% stake in the Tesoro Gold Concession and has plans to expand its operations by acquiring a 100% interest in the Morrocota Gold Mine. Nativo aims to establish its own gold ore processing plant to increase production margins.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.12M
Find detailed analytics on NTVO stock on TipRanks’ Stock Analysis page.
