Business
Operations Updates: Bonanza Mine
Nativo Resources Plc has provided an operations update for its Bonanza Gold Mine, confirming temporary access to underground workings and ongoing geological sampling, with 100 surface samples dispatched and over 40 underground samples planned. A mining contractor is expected to be appointed next week, with mobilisation in January 2026, a slight delay attributed to the Christmas period and high industry activity. Explosives permit applications have been submitted, and camp refurbishment, expanding capacity from 20 to 40 personnel, is progressing. The final geological report is now forecast for February 2026, though this is not expected to delay the mining restart as operations will commence at existing faces. Disclaimer*
About this update from Nativo Resources Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n11 December 2025\n \nNativo Resources Plc\n(\"Nativo\" or the \"Company\")\n \nOperations Updates: Bonanza Mine\n \nNativo Resources plc (LON:NTVO), a gold-focused mining company with interests in Peru, is pleased to provide an update on ongoing field activities at the Bonanza Gold Mine on the fully owned Tesoro Gold Concession.\n \nConstruction and Rehabilitation of Mine Access\n \nFollowing the initial workstreams reported on 18 November 2025, temporary access to the Bonanza underground workings is now available. This has enabled the engineering team to re-enter the existing shaft and galleries to assess stability and collect detailed underground samples to confirm the geological model. Full rehabilitation of the mine access is expected to be completed by the selected mining contractor once mobilised.\n \nMining Contractor Appointment\n \nThe tendering process initiated in October 2025 has progressed well, with several qualified contractors having completed site visits to assess logistics, conditions and equipment requirements.\n \nA contractor is expected to be formally appointed next week, with mobilisation to site expected in January 2026. This represents a modest scheduling delay, driven primarily by the Christmas period and the exceptionally high activity levels across Peru's mining sector due to record gold prices, which has made securing specialised labour more challenging than anticipated.\n \nExplosives Permitting\n \nRecent modifications to the Peruvian government's REINFO process have required a re-application for explosives permits. The Company has completed all necessary submissions, and approvals are forecast to be in place in time for the contractor's arrival.\n \nCamp Refurbishment and Operational Readiness\n \nWork to upgrade the central operations camp - supporting both Bonanza and Morrocota - has been delayed due to issues with contractors and is now advancing in para...