Nativo Resources plc
Nativo Resources PLC (formerly Echo Energy PLC / Independent Resources, registered company no. 05483127) is an AIM-listed, growth-focused mining company with interests in gold mining and exploration projects in Peru. Its strategy centres on three revenue streams: early-stage gold production via formalised artisanal mining at the Tesoro Gold Concession (through its now wholly-owned subsidiary Boku Resources SAC), development of its own gold ore processing capacity (La Patona GOPP) to retain higher margins, and recovery of historic polymetallic tailings deposits (e.g. Toma La Mano). In FY2025 the Group also acquired 100% of the Morrocota Gold Mine via Dydima EIRL.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 29 May 2026 · 94 pages · Companies House
Nativo Resources PLC explores for and mines gold in Peru. In 2025 it had no revenue, against $44k the year before, and its loss widened to $4.5m from $2.1m. The report puts this mainly down to higher head office running costs and higher finance costs, mostly interest on its debts, which rose to $2.1 million from $0.7 million. Meanwhile, the company prepared to restart mining at its Tesoro site and bought the Morrocota gold mine.
It ended the year with $1.8m of cash but $12.2m of borrowings, and owed more than it owned. It raised $1.5m from shareholders during the year and paid no dividend.
Management called 2025 "a year of execution and repositioning". It aims to restart mining and to open its own gold ore processing plant, targeted for the second quarter of 2026 and subject to financing. The directors and the auditor both warn of a material uncertainty that may cast significant doubt on whether the company can keep going. The audit opinion itself is not qualified.
Gold ore sales from artisanal mining at Tesoro Gold Concession via Boku
Revenue recognised when gold ore sold to local gold ore processing plant; production and sales began late December 2024
page 4Own gold ore processing plant (La Patona GOPP) replacing third-party tolling
Plant designed to process Nativo and third-party material and retain higher margin from production
page 92025 was a year of execution and repositioning for Nativo... to progress from early-stage activity to repeatable, cash-generative gold production and processing in Peru.
page 5No dividend declared or paid in respect of the year ended 31 December 2025 (2024: $nil).
page 3911 years on one page · FY2015–FY2025
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USD millions, negatives in brackets. Per-share lines in cents. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
48 figures restated in a later report
Every figure is read again from the following year’s report: 248 confirmed, 20 differ, 48 restated.
| Line | Year | As first filed | In the later report |
|---|---|---|---|
| FY2023 | $7.3mFY2023 report | $8.6mFY2024 report | |
| FY2023 | −$1.4mFY2023 report | −$2.6mFY2024 report | |
| FY2023 | $1.6mFY2023 report | $2.9mFY2024 report | |
| FY2023 | $6.2mFY2023 report | $5.0mFY2024 report | |
| FY2023 | −$2.8mFY2023 report | −$4.1mFY2024 report | |
| FY2023 | $7.6mFY2023 report | −$8.9mFY2024 report | |
| FY2023 | $8.1mFY2023 report | $9.4mFY2024 report |
41 more figures were restated in FY2015 to FY2022, which a free account opens.