Nativo Resources Plc (AIM:NTVO) delivered a comprehensive investor update highlighting strong operational momentum in Peru as the company advances its integrated gold-production strategy. Management detailed substantial progress since mid-2024, including the start of mining at the high-grade Bonanza shaft, the acquisition of the neighbouring Moracotta mine, full consolidation of its Peruvian joint-venture interests, and the restructuring of legacy debt to strengthen liquidity. The company reaffirmed its focus on early cash flow generation through artisanal-scale mining at the Tesoro Gold concession - where recent grades averaged 15 g/t - alongside accelerated development of the La Patona gold ore processing plant, designed to produce dore bars and capture an additional 30% margin versus tolling while scaling from 1.5-1.67 kg/day to over 3 kg/day. Fieldwork, camp expansion, and mine-access rehabilitation are underway to support near-term production, complemented by Peru’s extended Reinfo framework that supports artisanal mining legality. Nativo also advanced its third growth pillar: monetising tailings, including the 1.8-million-tonne Tomalomano deposit targeted for feasibility work into 2026. Recent funding - £2 million from Yorkville Advisors structured as a fixed-premium convertible with a 5% coupon and no variable pricing features - provides capital to build revenue-generating capacity without introducing death-spiral risk. Overall, the company emphasised growing revenue visibility, expansion of its order book, improved EBITDA potential, scalable margins, and a clear path to sustained cash generation as mining and processing operations ramp up through 2025.