LONDON (ShareCast) - (Sharecast News) - Nativo Resources reported its first full-year results as a listed company on Thursday, highlighting a series of strategic developments in Peru aimed at building a diversified gold and silver portfolio across mining, processing, and tailings recovery.
The AIM-traded firm formed a 50-50 joint venture in July last year with the founding partners of Boku Resources, to pursue mining and tailings projects.

It said the venture achieved several key milestones during the year, including the acquisition of the Ana Lucia polymetallic concession and the securing of permits for its own processing facility, the La Patona Project.

Post year-end, capital requirements for the project were revised down to $0.5m, with a five-month completion timeline.

In December, Boku completed its first mineral sale from the Bonanza Gold Mine, and in April Nativo finalised the acquisition of the nearby Morrocota Gold Mine.

The company also signed an option agreement in March for the Toma La Mano tailings project, further expanding its footprint in gold and silver recovery.

Nativo said it raised £1.47m during the year through equity issues and announced a board change with Christian Yates transitioning to executive chairman in May.

The company said it was focussed on building production capacity while pursuing further opportunities in the region.

At 1055 BST, shares in Nativo were down 1.04% at 0.57p.

Reporting by Josh White for Sharecast.com.

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