This is Massive shift NTVO from tailings to high grade discovery company16 Apr 2026 08:50
The shift from "cleaning up old waste" to "primary high-grade mining" is the core of the Nativo (NTVO) re-rating thesis.
By the end of March 2026, the company confirmed that they have moved beyond just theoretical "tailings" and are now actively advancing underground. Here is why this is a "huge" pivot:
1. From "Scavenging" to "Primary Production"
Originally, NTVO was seen as a recovery company (processing 1.8 million tonnes of tailings at Tomalomano). While tailings offer steady volume, the Bonanza Mine represents "the prize."
The Recent Hit: In March 2026, Nativo reported that after just 6 meters of new underground development at the Bonanza Vein, they hit high-grade mineralization.
The Grades: They aren't just finding gold; they are finding "bonanza" pockets. Recent assays (March/April 2026) showed peaks of 40.2 g/t and 73.4 g/t Au. To put that in perspective, many profitable mines operate on just 5–10 g/t.