Welcome to our dedicated page for Cerro De Pasco R news (Ticker: GPPRF), a resource for investors and traders seeking the latest updates and insights on Cerro De Pasco R stock.
Cerro de Pasco Resources Inc. (OTCQB: GPPRF) generates frequent news flow as it advances the El Metalurgista concession and the Quiulacocha Tailings Project in central Peru. Company announcements focus on reprocessing silver-rich tailings and stockpiles accumulated over more than a century of mining at Cerro de Pasco, with an emphasis on both metal recovery and environmental remediation.
News about Cerro de Pasco Resources often covers technical milestones, such as drilling campaigns, assay results, mineralogical and metallurgical studies, and geophysical and geotechnical programs at the Quiulacocha tailings storage facility. Releases have detailed high-grade intersections of silver, zinc, lead, copper, gold, gallium, and indium in the tailings, along with the evaluation of pyrite as a potential by-product.
Investors following GPPRF can also expect updates on permitting and regulatory progress, including Declaración de Impacto Ambiental submissions for drilling phases, the Tailings Reprocessing Application, and resolutions from Peruvian authorities that shape the project’s administrative path. The company’s communications highlight the inclusion of the Quiulacocha project in Peru’s Specialized Priority Projects List.
Another recurring theme in Cerro de Pasco Resources news is community and stakeholder relations, such as the surface use agreement with the Community of Quiulacocha and initiatives that support the company’s social license to operate. Capital markets developments, including listings on the TSX Venture Exchange and the Lima Stock Exchange, are also covered.
By monitoring this news stream, readers can track how Cerro de Pasco Resources advances technical work, regulatory steps, and community agreements that underpin its tailings reprocessing and environmental remediation strategy.
Cerro de Pasco Resources Inc. (CSE: CDPR) announced the results of its annual general meeting held on September 17, 2024. All resolutions passed with 99% or higher approval. Eight directors were elected, including new board member John Carr, replacing Keith Brill. The company appointed Donna Yoshimatsu as independent senior strategic advisor for investor relations, with a focus on enhancing institutional awareness and strengthening the shareholder base. Ms. Yoshimatsu received 250,000 stock options and a monthly fee of $6,500. Additionally, CDPR granted 12,400,000 stock options to directors, officers, employees, and consultants, exercisable at $0.20 per share for five years.
Cerro de Pasco Resources Inc. (CSE: CDPR) has announced the sale of its Santander Mine in Peru to FIC03 Fondo de Inversión Privado, a Peruvian investment company controlled by Finanzas e Inversiones Corporativas. The transaction, effective August 29, 2024, involves selling the shares of CDPR's Peruvian subsidiary that holds the interest in the Santander mine. The consideration includes a cash component of $2.00 and a variable price of up to $10,000,000, to be determined and paid based on reaching commercial production in the Santander Pipe. This sale aligns with CDPR's strategy to focus on reducing corporate debt. The company will settle outstanding obligations between itself and its subsidiaries over time as part of the transaction.
Cerro de Pasco Resources Inc. (GPPRF) has received historic authorization to begin drilling at the Quiulacocha Tailings Project in Peru. This marks the first-ever authorization granted for a new mining exploration project within a tailings storage facility in Peru. The company has started installing its first drill rig for the Phase I drilling program and completed a geophysical study.
Key points:
- 40 drill holes planned to collect over 1,000 tailings samples
- Geophysical surveys indicate tailings depth exceeding 40 meters in some areas
- Quiulacocha Tailings estimated to contain 75 million tonnes of processed material
- Historical grades: up to 10% Cu, 4 g/t Au, 300 g/t Ag, and later 7.41% Zn, 2.77% Pb, 90.33 g/t Ag
- Project aims for economic benefits, environmental restoration, and job creation
Cerro de Pasco Resources (CSE: CDPR, OTCPK: GPPRF) has received a Supreme Resolution granting a long-awaited land easement for its El Metalurgista Concession and Quiulacocha Tailings Project in Peru. This enables the company to commence its exploration drilling campaign. The easement resolves a deadlock with state-owned Activos Mineros SAC and allows access to surface areas for project activities. CDPR plans to deposit around $1 million for the easement and aims to complete a 40-hole drilling program coinciding with the dry season from June to November. The Quiulacocha Tailings site holds an estimated 75 million tonnes of material, including copper, silver, gold, zinc, and lead. This milestone is expected to accelerate future project stages and is fully supported by the local community.
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