18th Nov 2025 14:25
(Alliance News) - Nativo Resources PLC on Tuesday said it has completed a surface trenching programme along the Bonanza vein, as it works towards resuming small-scale mining operations by year-end.
The Latin America-focused exploration company, with interests in gold production in Peru, said 20 trenches were excavated to expose the vein structures. This is to help provide a foundation for surface geological mapping and mine planning, Nativo said.
Nativo's objective is to resume small-scale mining operations, initially at Bonanza, by the end of the year.
The company said work on mine access rehabilitation is advancing in order to prepare the site for full underground re-entry.
Nativo said it has made "significant progress" in planning for a central operations camp upgrade, which will enable full operational continuity.
Field activities will advance in parallel over the next two weeks to complete the study, Nativo said.
Chief Executive Stephen Birrell said: "Preparations to re-open the Bonanza mine are advancing at pace. We look forward to providing further updates upon completion of the Bonanza Vein Study and are targeting a resumption of mining operations before year-end.
"In parallel with this we have identified five new ore shoots which merit detailed study for their potential to add further mining capacity on the concession."
Shares in Nativo rose 2.2% to 0.35 pence on Tuesday afternoon in London.
By Roya Shahidi, Alliance News reporter
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