Cerro de Pasco Resources Inc.

CDPR · TSXV CDPMF · OTC CDPR · BVL

pascoresources

$255.7M

USD

Market cap · 2026–07 · week 29

🇨🇦 Canada, Montreal

Country

Precious Metals

Sector

Developer · Junior / Minor · Peru

Last updated 21 June 2026

Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.

Overview: Cerro de Pasco Resources Inc. is a Canadian mining company operating primarily in Peru, focused on the development and reprocessing of historical mining waste. The company's portfolio centers on its 100%-owned El Metalurgista mining concession in central Peru, whose flagship Quiulacocha Tailings Reprocessing Project encompasses extensive silver-rich, polymetallic tailings and stockpiles accumulated over more than a century of mining at the Cerro de Pasco open pit, alongside the Santander zinc-lead-silver mine acquired through Trevali Peru. The business model is a circular-economy approach that aims to transform legacy mining liabilities into economic, social and environmental assets by reprocessing one of the world's largest above-ground polymetallic resources, a low-impact alternative to conventional mining with minimal mining cost given the surface-level nature of the material. The strategy combines technical innovation with the region's geological and regulatory context, strong social licence and proximity to infrastructure, and is reinforced by the value of critical metals such as gallium. The principal model-linked risks are the project's pre-resource, development stage and dependence on financing, permitting and community agreements in Peru, the need to convert historical grades into a compliant resource and economic study, and exposure to silver, zinc and lead prices.

Strategy: Strategic direction centers on unlocking value from one of the world's largest above-ground polymetallic resources through reprocessing rather than traditional mining. A core near-term priority is executing the Phase 1 drilling and engineering program at Quiulacocha — enabled by a May 2024 land easement — comprising sampling, geochemical and mineralogical studies, metallurgical testing, resource estimation and economic assessment, to convert extensive historical tailings into a defined, economically assessable project. The enterprise emphasizes early-stage production potential, modest capital intensity and alignment with circular-economy principles, while building social licence, as evidenced by formalizing a surface-use agreement with the Community of Quiulacocha in December 2025. Capital allocation depends on equity financing, including a quarter private placement that raised combined gross proceeds of approximately CAD $22.7 million, directed toward advancing the reprocessing project and managing its existing Peruvian assets.

Sustainability: Environmental remediation is integral to the company's circular-economy model, which seeks to transform century-old legacy tailings and stockpiles at Cerro de Pasco into economic, social and environmental assets while addressing critical remediation needs at one of Peru's largest historical mining sites. Community engagement is a core element of the approach: on December 11, 2025 the company formalized a surface-use agreement with the Community of Quiulacocha, supporting local employment and social licence as it advances the reprocessing project.

Structure: The company holds its flagship asset through the 100%-owned El Metalurgista mining concession in central Peru, with the right to explore and exploit the Quiulacocha Tailings confirmed by Peru's General Mining Bureau. Its Santander Mine interest arose from the acquisition of Trevali Peru S.A.C.; during the period the company settled all claims and counterclaims relating to the Share Purchase Agreement for Trevali Peru and the Santander Mine with FTI Consulting Canada Inc., as court-appointed monitor of Trevali Mining Corporation, and with Trevali Mining Corporation, paying CAD 2,000,000 in full and final settlement, terminating the arbitration, and derecognizing all Trevali-related liabilities, including a USD 1,584,164 purchase price payable and contingent amounts. The company funded activities through a brokered and non-brokered private placement of 47,366,957 units at CAD $0.48 per unit for combined gross proceeds of approximately CAD $22.7 million, with each unit including one-half of a warrant exercisable at CAD $0.68 until November 7, 2027.

Hedge: As a pre-revenue development-stage company, Cerro de Pasco Resources maintains no commodity hedge book and is exposed to silver, zinc, lead and other metal price movements that will affect the economics of its Quiulacocha reprocessing project. It is also exposed to foreign-exchange movements among the Canadian dollar, U.S. dollar and Peruvian sol given its Canadian domicile and Peruvian operations, exposures it manages operationally rather than through a derivative hedge program.

Source: Cerro de Pasco Resources Inc. - MD&A - 2025

Exploration · 1 project

Quiulacocha Tailings Reprocessing Project (El Metalurgista)

Asset · Pre-feasibility

Peru, Cerro de Pasco

Open project page

Mining

Type

Exploration

Status

🇵🇪 Peru, Cerro de Pasco

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: -

Ownership %: 100

Operator: Yes

Extraction: Processing Facility

Description

As at 31 December 2025

The Company's 100%-owned flagship project at the El Metalurgista mining concession in central Peru, granting the right to explore and exploit the Quiulacocha Tailings within its assigned area, with enforceability confirmed by Peru's General Mining Bureau. The Quiulacocha Tailings Storage Facility covers approximately 115 hectares and is estimated to hold approximately 75 million tonnes of material deposited from the 1920s to the 1990s. The tailings were generated from processing over 16 million tonnes of copper-silver-gold mineralization (historical mined grades up to 10% Cu, 4 g/t Au, over 300 g/t Ag) followed by more than 58 million tonnes of zinc-lead-silver material (average historical mined grades 7.41% Zn, 2.77% Pb, 90.33 g/t Ag). The surface-level nature of the material implies minimal mining cost and a circular-economy, low-impact reprocessing model that also addresses environmental remediation; critical-metal credits such as gallium add appeal. A May 28, 2024 land easement enabled the Phase 1 drilling and engineering program (sampling, geochemical and mineralogical studies, metallurgical testing, resource estimation and economic assessment); a formal NI 43-101 mineral resource estimate had not yet been completed as of this reporting period, and the historical tonnages and grades cited are historical in nature.

Mining metrics

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Suspended · 1 project

Santander Mine

Asset · Suspended

Peru

Open project page

Mining

Type

Suspended

Status

🇵🇪 Peru

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: -

Ownership %: 100

Operator: Yes

Extraction: Underground

Description

As at 31 December 2025

Zinc-lead-silver mine in Peru associated with the Company's acquisition of Trevali Peru S.A.C. During the period the Company entered a settlement agreement with FTI Consulting Canada Inc., in its capacity as court-appointed monitor of Trevali Mining Corporation, and with Trevali Mining Corporation, resolving all claims and counterclaims relating to the Share Purchase Agreement for Trevali Peru S.A.C. and the Santander Mine; CDPR paid CAD 2,000,000 in full and final settlement, the arbitration was terminated and security for costs released, and the Company derecognized all Trevali-related liabilities, including a purchase price payable of USD 1,584,164 and contingent amounts.

Mining metrics

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Assumptions

The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.

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How to read this tab

The tables below list unit codes most often used in the Precious Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.

What the Portfolio tab shows

The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.

Concepts in your sector — Precious metals

Resources vs Reserves. Resources are geological estimates that could one day be mined; Reserves are the subset with a feasibility study and plausible positive economics. Measured → Indicated → Inferred describe increasing geological uncertainty; Proven → Probable are reserve labels from Measured/Indicated. Inferred resources are not convertible to reserves under most codes.
Grade (g/t) is the headline number on gold/silver pages. High-grade is often above 5 g/t; >10 g/t is bonanza territory; below 1 g/t is bulk low-grade. Open-pit cut-offs are typically lower than underground.
AISC (All-In Sustaining Cost) is direct cash costs + sustaining capex + royalties + corporate overhead + reclamation, per ounce produced. C1 strips sustaining capex and corporate overhead. Both are non-GAAP and defined differently across issuers.
By-product credits. Polymetallic deposits credit by-product value against the main metal cost; negative AISC after credits does not mean the main metal is sold below cash cost.

Portfolio tab — table guide

Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.

Ownership / Working interest

Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.

Units, conversions & reporting standards

Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.

Assumptions

Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.