en.Wedoany.com Reported - London-listed Nativo Resources has entered into a partnership with Constructora e Inversiones Andina Kuboc (Kuboc), a Peruvian mining services and turnkey contracting provider, to jointly pursue gold and other precious metals mining opportunities in Peru.
Under the framework agreement signed by both parties, Kuboc will act as the operator for any approved projects, while Nativo will be responsible for providing the capital expenditure. Should a project enter the development phase, Nativo will hold a 75% interest and Kuboc will hold the remainder, provided that Nativo first recovers its invested capital. Nativo will also benefit from a pre-cost recovery "waterfall" profit distribution mechanism, where 85% of the profit share goes to Nativo until full cost recovery is achieved.
The partners have identified gold, silver, and copper as the initial priority areas, targeting regions including Ayacucho, La Libertad, Arequipa, and Ancash. Nativo's preliminary review costs for the identified projects are expected not to exceed $70,000.
Kuboc currently operates two mines in Peru and has experience in non-ferrous metal mining, transportation, and project construction. It is authorized by Peru's Ministry of Energy and Mines to conduct exploration, extraction, development, and mineral processing for minerals including gold.
Nativo CEO Stephen Birrell stated that the agreement establishes a framework to pursue more opportunities through an established mining contractor with a strong operational track record. Project selection criteria will be based on the project's ability to deliver commercial returns and enter production within 12 months—essentially, shovel-ready projects. As Nativo continues to execute its strategy in Peru, advance its first ore sales, enhance processing capacity, and evaluate its mineral rights portfolio, having a trusted local operating partner will strengthen its ability to identify, assess, and effectively advance future growth opportunities.
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