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LONDON - Nativo Resources Plc (LON:NTVO) announced today it has adopted a Digital Asset Treasury Policy that will allow the gold-focused mining company to allocate a portion of its free cash flow and future fundraising proceeds to bitcoin holdings.
The company, which is preparing to restart gold mining operations at its Tesoro (LON:0JYA) Gold Concession in Peru, stated the policy will enable it to hold bitcoin as a long-term treasury reserve asset, subject to working capital requirements.
According to the press release statement, Nativo has partnered with Copper.co to provide institutional-grade custody services for its digital assets, with additional security services expected from Nemean Services.
The company’s board indicated it views exposure to both gold and bitcoin as offering shareholders a diversified hedge against inflation, citing bitcoin’s fixed supply and decentralized nature as complementary to gold’s traditional store of value characteristics.
Nativo acknowledged several risks associated with the policy, including potential share price volatility, regulatory uncertainty surrounding digital assets, and security concerns related to cryptocurrency custody.
"Nativo is, first and foremost, a mining company," said Christian Yates, Executive Chair of Nativo, in the announcement. "However, in today’s evolving financial landscape, exposure to both gold and Bitcoin allows us to future-proof our treasury."
The company emphasized that its core business remains focused on establishing sustainable gold production in Peru through primary gold mining, gold ore processing, and gold recovery from tailings. Nativo stated it has acquired or optioned several projects and identified additional opportunities to scale operations over the next year.
The digital asset policy will be implemented using the company’s proprietary capital and does not involve pooling third-party funds, according to the announcement.
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