Cerro De Pasco Resources

What Cerro De Pasco Resources does

Cerro de Pasco Resources Inc. (TSXV: CDPR; OTCQX: CDPMF; BVL: CDPR; FRA: N8HP) is a Canadian-incorporated, Peru-focused mining development company advancing the reprocessing of historic tailings and stockpiles at the El Metalurgista concession in the Cerro de Pasco district, with corporate headquarters in Saint-Sauveur, Quebec. The company's core assets are the flagship Quiulacocha Tailings Reprocessing Project, targeting 75 million tonnes of historical tailings estimated to contain 423 million ounces of silver equivalent along with zinc, lead, copper, gold, and newly identified critical metals (gallium averaging 53.2 g/t and indium averaging 19.9 g/t), and the Excelsior Stockpile project covering approximately 70 million tonnes of broken rock containing roughly 42.9 million ounces of silver equivalent. Both assets are held within the El Metalurgista mining concession, which the company acquired following a 2018 reverse takeover of Genius Properties Ltd.

The company employs a proprietary two-concentrate metallurgical flowsheet that produces a high-grade pyrite concentrate and a base-metal concentrate, achieving over 92.5% sulfide recovery and approximately 94% silver recovery in mini-pilot testing at SGS Santiago. Tailings extraction uses submersible slurry pumps mounted on floating barges feeding floating pipelines to processing facilities, enabling access to unstable or remote tailings areas at lower energy and infrastructure cost. Project economics are built on a $1-2 per tonne operating cost versus $30-250 per tonne for traditional mining, supporting a base-case projection of $2.9 billion in profit over a 20-year mine life. The CTO, Dr. Bernhard Dold, is a globally recognized authority in environmental geochemistry and tailings processing with over 100 publications.

Cerro de Pasco Resources generates no operating revenue today and is funded primarily through equity capital markets and government development financing. The go-to-market combines direct institutional investor engagement, offtake discussions with global smelters and refineries for future metal concentrates, and a project-financing track built on U.S. DFC development funding (up to US$5M milestone-based plus potential US$300M construction financing) and Peruvian state-entity partnerships (AMSAC). The company trades on four exchanges and reports under NI 43-101 with a Qualified Person on staff; it has divested the Santander underground mine to concentrate on its tailings reprocessing thesis and holds a wholly-owned German subsidiary (H2-Sphere GmbH) pursuing green hydrogen applications using tailings and stockpiles in collaboration with the German Aerospace Center.

Name

Cerro De Pasco Resources

Legal name

Cerro de Pasco Resources Inc.

Website

https://pascoresources.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Cerro de Pasco Resources is a Canadian-incorporated mining development company reprocessing historic silver, zinc, lead, copper, and critical-metals tailings at its El Metalurgista concession in Cerro de Pasco, Peru, targeting offtake sales to global smelters and refineries.

Ownership category

akta.pro rank

Product category

Mineral Processing and Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000)

akta.pro industry

PRIMARYBPALAKAK

Mining & Heavy Metals Remediation (Acid Mine Drainage, tailings-impacted sites)

Business & Public Services/Waste Management & Remediation Services/Environmental Remediation & Site Cleanup (Soil/Groundwater)

SECONDARYIMAKADAH

Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid)

Industrials, Manufacturing & Construction/Metals & Mining/Copper Mining & Smelting/Refining

Keywords

• Tailings reprocessing
• Metal concentrate mining
• Polymetallic recovery
• Mining remediation services
• Critical minerals extraction

Headquarters

HQ city

Saint-sauveur-des-monts

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Metal Concentrate Sales: The company plans to generate revenue by processing historic tailings and selling extracted metal concentrates including silver concentrate, zinc concentrate, lead concentrate, copper concentrate, and pyrite concentrate. The company also plans to recover gold and critical metals (gallium, indium) as by-products or separate product streams.
2. Environmental Remediation Services: The company's tailings reprocessing model provides environmental remediation services to Peruvian state entities (AMSAC), addressing legacy mining environmental liabilities while recovering remaining metal value from historic tailings deposits.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Cerro de Pasco Resources Inc. is a publicly listed mining development company focused on reprocessing historical mining tailings and stockpiles at its 100%-owned El Metalurgista mining concession in central Peru. The company plans to recover and sell metal concentrates — silver, zinc, lead, copper, and pyrite — along with gold and critical metals (gallium, indium), while providing environmental remediation of legacy mining liabilities in partnership with Peruvian state entities.

Product overview

Cerro de Pasco Resources operates as a mining and resources company with a focus on tailings reprocessing and environmental remediation in Peru. The company's portfolio consists of two core projects: the Quiulacocha Tailings Project, which targets recovery of silver, base metals (zinc, copper, lead), gold, and critical strategic metals (gallium and indium) from historic tailings deposits; and the Excelsior Stockpile project, which reprocesses approximately 70 million tonnes of accumulated low-grade mineralization for zinc, lead, and silver recovery. Both projects are held within the El Metalurgista mining concession and are designed to extract value from legacy mining waste while delivering environmental remediation benefits to the Cerro de Pasco district.

Differentiator

Problem solved

Functional benefit

Products and services

• Quiulacocha Tailings Project Reprocessing of the historical Quiulacocha tailings deposit near Cerro de Pasco, Peru to recover and produce metal concentrates (silver, zinc, copper, lead, pyrite) as well as gold and critical metals (gallium averaging 53.2 g/t, indium averaging 19.9 g/t). Output is targeted at global smelters and refineries under offtake arrangements.
• Excelsior Stockpile Project Reprocessing of approximately 70 million tonnes of low-grade zinc, lead, and silver mineralization stockpiled from prior Cerro de Pasco mining operations between 1970 and 1996. The project has filed NI 43-101 Technical Reports and is intended to produce additional metal concentrates.
• El Metalurgista Mining Concession The company's principal 100%-owned mining concession in central Peru, comprising silver-rich mineral tailings and stockpiles extracted over a century of operation from the Cerro de Pasco open-pit and underground mine. The concession hosts the Quiulacocha Tailings and Excelsior Stockpile projects.
• Environmental Remediation Services (Quiulacocha Tailings Project) Tailings reprocessing model that delivers environmental remediation services to Peruvian state-owned entity AMSAC, addressing legacy mining environmental liabilities from over a century of mining in the Cerro de Pasco district while recovering remaining metal value from historic tailings deposits.

Quantifiable outcome

• 92.5%+ sulfide recovery achieved in mini-pilot plant testing
• +4 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and strategic.

• Activos Mineros S.A.C. (AMSAC)coreStrategic or Co-development Partner · 26 March 2026Peruvian state-owned entity responsible for remediation of legacy mining environmental liabilities. AMSAC and Cerro de Pasco Resources entered a strategic collaboration granting CDPR surface access to the entire Quiulacocha Tailings Storage Facility, enabling comprehensive project development including resource drilling, geotechnical studies, environmental assessments, and drilling activities. Agreement valued at approximately PEN 7.2 million (US$2.1 million) with flexibility for extension.
• Community of QuiulacochacoreStrategic or Co-development Partner · 11 December 2025Two-year renewable surface use agreement approved by the Community Assembly, formalized before a public notary. The agreement enables drilling, geotechnical work, environmental monitoring, and engineering studies at the Quiulacocha Tailings Project, reflecting shared interest in responsible project development.
• SGS LaboratoriesstrategicTechnology or Integration · 1 September 2025Mini-pilot plant at SGS Santiago achieved over 92.5% sulfide recovery and approximately 94% silver recovery. Metallurgical testing conducted across multiple international laboratories including LTU in Sweden, Montana Tech, Chilean laboratories, and Peruvian facilities.
• Volcan Compania Minera S.A.A.strategicStrategic or Co-development Partner · 21 March 2023Agreements signed with Volcan and Glencore to secure development of the Quiulacocha Tailings Project. Volcan operates the current Cerro de Pasco mine processing similar material to that within the Excelsior Stockpile, providing metallurgical recovery data.
• GlencorestrategicStrategic or Co-development Partner · 21 March 2023Agreements signed with Volcan and Glencore to secure development of the Quiulacocha Tailings Project. Glencore's involvement supports the project's commercial framework and potential offtake arrangements.
• H2-Sphere GmbHstrategicTechnology or Integration · 2 March 2022Subsidiary H2-Sphere GmbH signed a contract with the German Aerospace Center (DLR) to develop green hydrogen production process using the company's own tailings and stockpiles. This partnership explores sustainable applications of pyrite for residential heating in Cerro de Pasco.
• German Aerospace Center (DLR)strategicStrategic or Co-development Partner · 2 March 2022DLR partnered with H2-Sphere GmbH (CDPR subsidiary) to develop green hydrogen production processes using tailings materials. The collaboration is on track to develop innovative sustainable applications for mining by-products.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• New Century Resources: Australian tailings reprocessing operator that reactivated the Century Zinc Mine from legacy tailings, reaching global top-15 zinc production. Closest commercial comparable: similar polymetallic tailings economics and DFC/financing-backed restarts.
• Volcan Compania Minera S.A.A. Peruvian polymetallic miner operating adjacent Cerro de Pasco-area processing infrastructure on similar zinc-lead-silver-copper material. Direct peer on geography, ore body, and CDPR’s existing 2023 offtake/collaboration agreement.
• Future Metals NL: ASX-listed developer focused on polymetallic and critical metals projects, with John Carr (CDPR Independent Director) serving as non-executive director. Comparable strategy of advancing late-stage polymetallic assets into production.
• Broken Hill Mines: John Carr-co-founded vehicle that acquired the Rasp and Pinnacles zinc-lead-silver projects in Australia. Closely comparable technical and capital-markets thesis to CDPR’s polymetallic tailings project.
• DRDGOLD: JSE-listed gold tailings reprocessing specialist operating Ergo and other large retreatment sites in South Africa. Industry benchmark for commercial-scale tailings retreatment economics and stakeholder models.

Broad incumbents

• Hudbay Minerals: Established Canadian polymetallic miner with significant Peru (Andaychagua, Constancia) and copper-zinc-lead-silver exposure. Provides benchmark for polymetallic Latin American mining cost structures and offtake frameworks.
• Pan American Silver: Senior silver producer with Latin American polymetallic mines (Peru, Mexico, Bolivia). Comparable metal basket (Ag-Zn-Pb-Cu) and serves as a natural customer/peer benchmark for smelter-contract pricing.
• Trevali Mining: Former owner of the Santander Mine sold to CDPR (Dec 2021, divested 2024). Comparable Peruvian zinc-lead-silver operator and recent cautionary reference for junior polymetallic cost economics.
• Glencore: Global mining major and existing CDPR strategic partner (2023 offtake framework). Sets global benchmarks for concentrate treatment charges, smelter offtake, and recycling-economics for polymetallic feeds.
• Sierra Metals: Canadian-listed Peruvian polymetallic operator (Yauricocha, Bolivar) producing copper-zinc-lead-silver concentrates. Directly comparable geo-metallurgical profile and customer base for in-region smelter offtake.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CerroInc
• YouTubeyoutube.com/cerro-de-pasco-resources
• Facebookfacebook.com/cerro.de.pasco.resources
• LinkedInlinkedin.com/company/cerro-de-pasco-resources

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cerro De Pasco Resources