Cerro de Pasco Resources Inc. announces that its Board of Directors has approved the change of the Corporation's financial year-end from December 31 to March 31 in order to have reporting deadlines occurring during a less busy period for the Corporation and its auditors, thereby facilitating the production of its annual audited financial statements. A Notice of Change in Year-End has been filed by the Corporation on [...]
Cerro de Pasco Resources Inc. announces that it has implemented measures to strengthen its consolidated balance sheet by restructuring the liabilities at its wholly owned subsidiary Cerro de Pasco Subsidiaria del Perú SAC, owner of the Santander mine . Santander continues to perform safe and reliable operations on a care and maintenance basis. As part of the Restructuring Plan, Santander has applied for a Preventive [...]
Cerro de Pasco Resources Inc. is pleased to announce that, further to its news release of September 22 and November 20, 2023, the Company has closed the final and oversubscribed tranche of its non-brokered private placement . In connection with the closing of the final tranche, the Company issued 2,280,000 Units at $0.10 per Unit for gross proceeds of $228,000. Under the two tranches of the Offering, the Company raised [...]
Cerro de Pasco Resources Inc. is pleased to announce that, following the special session held on 30th November 2023, the independent Mining Council has issued a definitive resolution effectively endorsing CDPR's application for a Legal Easement . The Mining Council Resolution The resolution addresses in detail the numerous observations raised by Activos Mineros , via an appeal filed in September 2023 and during the [...]
Cerro de Pasco Resources Inc. has closed a first Tranche of its previously announced non-brokered private placement, for total aggregate gross proceeds of $ 1,772,000 . CDPR also confirms that it is currently addressing final requirements in relation to a two-year Legal Easement, providing access to the surface areas corresponding to CDPR's El Metalurgista Concession and the Quiulacocha Tailings Project . The Easement [...]
Cerro de Pasco Resources is pleased to announce its intention to complete a non-brokered private placement offering of up to 20,000,000 units of the Corporation at a price of $0.10 per Unit for aggregate gross proceeds of up to $2,000,000. Each Unit will be comprised of one common share in the capital of the Corporation and half of one Common Share purchase warrant . Each whole Warrant will entitle the holder thereof to [...]
Cerro de Pasco Resources announces it has granted 4,900,000 options to directors, officers, employees and consultants of the Corporation. These options are granted in accordance with the terms of the CDPR'S Stock Option Plan. All options vest on their date of grant and each option entitles the holder thereof to purchase one common share of the Corporation at a price of $0.20 for periods of two or five years from September [...]
Cerro de Pasco Resources Inc. is pleased to announce selected second quarter 2023 financial and operating results. All currency is in U.S. dollars, unless otherwise stated. The Company's Financial Statements and Management's Discussion & Analysis are available and www.sedar.com. Selected Q2 2023 financial and operating results Metal Production in Q2 2023 was 10 million pounds of Zinc, 820 thousand pounds of Lead, and 66 [...]
Cerro de Pasco Resources Inc. reports production results for the second quarter ended June 30th, 2023 and provides updates on its Santander mining operation. Production results are from the Company's wholly owned Santander Mine. All amounts are in U.S. dollars, unless otherwise noted. Q2 2023 Highlights Production in Q2 2023 was 12.1 million pounds of zinc, 874 thousand pounds of lead, and 70 thousand ounces of silver [...]
Cerro de Pasco Resources Inc. is pleased to announce that on July 18, 2023, it signed a Term Sheet with China Railway N° 10 Engineering Group CO. LTD., providing US$ 12.0M of services to be used for the construction of infrastructure and development of the Santander Pipe Project. In addition, CREC10 will provide contract mining services at the Santander Mine. CREC10 is part of China Railway Group, a major corporate [...]
Cerro de Pasco Resources Inc. is pleased to announce that it has signed a term sheet with Ocean Partners UK Limited, a metals trading firm and Arena Investors, a global asset manager, to provide an aggregate of US$ 12.0M to US$ 15.5M, consisting of a US$ 8.0M loan facility from ARENA and a US$ 4.0M to 7.5M revolving concentrate pre-payment facility from OPUK. In addition, the Company has secured a USD $5.0M term sheet [...]
Cerro de Pasco Resources Inc. closed the last tranche of a non-brokered private placement offering for a gross proceeds of $102,750 and issued 1,027,500 common share units of the Company at a price of $0.10 per Unit, each Unit consisting of one common share and one Common Share purchase warrant . Under the Offering, the Company raised aggregate gross proceeds of $1,106,750. Each Warrant entitles the holder thereof to [...]
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