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Nativo Resources PLC shares rose on Monday as it said it has appointed Constructora e Inversiones Andina Kuboc C&P SAC, or Kuboc, as its mining contractor to operate the Bonanza gold mine in the Arequipa region of Peru. Shares in Nativo Resources jumped 21% to 0.61 pence on Monday afternoon in London. The Latin America-focused exploration company said Kuboc plans to use its initial team of 25 next week and restart production during this quarter. In total, Nativo said the headcount at the camp and mine will reach around 32. It said the initial operations will target areas of Bonanza containing grades of between 5 to 25 grams of gold per tonne. It will aim to mine between 50 and 90 tonnes of vein material per month. Nativo’s objective is to increase production to between 150 and 300 tonnes per month after the first three months. ‘Kuboc provides professional work procedures with expertise in underground gold mining, which will ensure we exploit the Bonanza vein to its full potential,’ said Nativo Chief Executive Officer Stephen Birrell. ‘Kuboc will be working with our geologists to develop and increase production at Bonanza through mine plan evolution and the development of further sites for mining across the Tesoro concession.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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