Nativo Resources plc
ECHO:LN
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Overview
Company Profile
Nativo has interests in gold mining and exploration projects in Peru. Through a 50:50 joint venture established in July 2024 with an experienced local partner, Nativo secured an opportunity to scale operations at the Tesoro Gold Concession, owning 50% of the production and resources, targeting early cash flow generation in Q4 2024. In December 2024, Nativo agreed to acquire directly a 100% interest in the Morrocota Gold Mine, proximal to the Tesoro Gold Concession. Production from Morrocota is anticipated to commence by the end of Q1 2025. Longer-term, the Company plans to establish its own gold ore processing plant to retain a higher margin from production at its mines.
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Financials
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Corporate
Board of Directors
Fiona MacAulay
Chief Executive Officer
Fiona has over 30 years of experience in the oil and gas industry, including executive roles of Chief Operating Officer and Technical Director. Fiona, a Chartered Geologist, started her career with Mobil North Sea Limited in 1985 and has subsequently held key roles in a number of leading oil and gas firms across large mid and small cap E&Ps including BG and Hess. She is European President of the American Association of Petroleum Geologists.
James Parsons
Non-Executive Chairman
CEO of Sound Energy plc for last five years growing company from approx. GBP 30m to FTSE250 scale Over 20 years in Oil & Gas strategy, general management, M&A and finance across Europe, South America and Central America 12 years with Royal Dutch Shell Specialist in restructuring, funding and growing small listed upstream companies; qualified accountant. James lived six years in the region (Brazil and Caribbean) and speaks Portuguese.
Marco Fumagalli
Non-Executive Director
Founding Partner at Continental Investment Partners SA (Cornerstone Investor at Sound Energy Plc), and leading shareholder in Nusakan, cornerstone shareholder in Echo Energy. Previously a Group Partner at 3i; qualified accountant
Stephen Whyte
Non-Executive Director
Stephen is also Chairman of Genel Energy Plc. and has over 25 years’ experience in the oil and gas industry. Chief Operating Officer and Executive Director for Exploration and Production at Galp Energia; Senior Vice President Commercial at BG Group. He previously spent a total of 14 years with Shell and six years with Clyde Petroleum. Stephen was formerly Shell Country Chairman in Brazil and speaks Portuguese.
Martin Hull
Chief Financial Officer
Martin has over 18 years’ experience in oil & gas investment banking at Rothschild & Sons in London where he was a Managing Director in the global energy team with a focus on LatAM and Africa. Previously he was Head of Oil & Gas, SE Asia, based out of Singapore. Martin has corporate finance expertise across the value chain with a particular focus on the upstream sector. He has advised on numerous transactions, including debt and equity, at both the corporate and asset level. Martin holds a BA from Exeter University.