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2493: Nativo and Chancery Royalty forge new gold alliance in Peru
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Nativo Resources has announced a £3.5 million royalty funding deal with Chancery Royalty. In addition, Chancery and investors associated with it have also committed to a £600,000 equity investment into the company. The money will allow Nativo to complete a gold ore processing plant in Peru. The plant, which is already half-constructed, is designed to take feed from local artisinal miners, of which there are many in the region. Once it's scaled up, it should be significantly cash generative. Christian Yates, executive chairman of Nativo, and Jeremy Gray of Chancery Royalty…
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