Nativo Resources (AIM:NTVO), in its financial results statement, said it is working towards near-term mining opportunity.
The small-cap finished the year to 31 December 2025 with cash balances of US$1.81 million, up from US$0.05 million a year earlier.
"We believe Nativo's strategy-anchored in near-term mining opportunity, processing capability build-out and tailings recovery potential-offers a credible pathway to value creation," Chair Christian Yates said.
In particular, Nativo expects the commissioning of its La Patona project in H2 2026, and recommence ore sales in Q2 2026.
During the year, it completed a strategic consolidation in 2025 by acquiring the remaining 50% of Boku Resources SAC in August 2025 to secure 100% of the Tesoro Gold Concession and by acquiring a 100% interest in the Morrocota Gold Mine while advancing operational readiness at the Bonanza mine and targeting commissioning of the La Patona Gold Ore Processing Plant in the second half of 2026.
During the year, Nativo significantly reshaped its funding profile, restructuring a £1 million Spartan loan facility (including cancellation of the facility), renegotiating its €10 million bond obligations to defer certain payments until 2032, and raising approximately £3 million via equity and structured funding.
The company secured a Yorkville funding package of £2 million (a £200,000 equity subscription, a £1.8 million convertible loan note and an ATM facility of up to £2 million) and agreed a £2.1 million replacement package post period-end.
Post year-end, work included restarting underground works at Bonanza in February 2026, contractor mobilisation, encouraging surface sampling that supports a plan to recommence ore sales in Q2 2026, and defining a JORC (2012)-compliant Exploration Target with contained gold of approximately 6,686-195,434 oz and tonnages of 79,051-316,200 t.
The company issued 4.55 million shares to creditors in January 2026 and entered a framework agreement with Constructora e Inversiones Andina Kuboc C&P SAC under which Nativo has an 85%:15% profit share pre-cost recovery.
