Nativo Resources soars on Bonanza gold update

Mon Jan 12 2026

Nativo Resources PLC (AIM:NTVO) shares jumped in Monday morning's trade, atter it announced surface sampling results at its Bonanza mine within the Tesoro Concession in Peru.

The company reported high-grade results, including values up to 19.5 grams per tonne gold and an average of 10 grams per tonne.

A total of 102 surface samples were analysed alongside ongoing trenching and underground rehabilitation work. The programme supports plans to recommence production and has validated legacy data from St Elias Mines.

Structural mapping shows mineralisation is controlled by NW-SE-trending shear zones extending up to 1 kilometre, with further sampling and mine development activities ongoing.

"The sampling programme has confirmed, in the view of the Directors, that the Bonanza vein has the required grades for mining to restart. In addition, it is pleasing to see high surface grades south of Bonanza which indicate potential for at least one - and potentially two - further mine sites in addition to Morrocota," said chief executive Stephen Birrell.

In London, Nativo shares gained 37% to trade at 0.55p.

Source: https://www.proactiveinvestors.co.uk/