Street Calls of the Week
LONDON - Nativo Resources Plc (LON:NTVO) has restructured its £1 million Spartan Loan and expanded its gold mining portfolio in Peru during the first half of 2025, according to a half-year report released today.
The gold-focused mining company restructured its Spartan Loan, which matures in 2028, in January. Throughout the six-month period ending June 30, Nativo raised approximately £544,000 through share issues to support its operations.
In March, the company signed an option agreement for the Toma La Mano tailings project in Peru, adding to its portfolio of mining assets in the region. The following month, Nativo completed the acquisition of the Morrocota Gold Mine located in Arequipa province, approximately 3 kilometers from its existing Bonanza Gold Mine.
The company also secured permits and land for a partially constructed gold ore processing plant called La Patona, situated 45 kilometers from its Tesoro property. In May, Nativo announced reduced capital requirements and shorter timescales for the La Patona project, though specific figures were not disclosed in the press release.
The half-year report also noted that Christian Yates transitioned from Non-Executive to Executive Chairman in May 2025.
The information was disclosed in a regulatory announcement containing inside information as defined under UK market abuse regulations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.