{kanada_flagge}Cerro de Pasco Resources Inc (CSE: CDPR; OTCMKTS: GPPRF; FRA: N8HP) has applied for listing on the Toronto Stock Exchange (“TSX”) to improve its access to the capital markets. The Company, now a producer, formally meets all requirements for upgrading from the Canadian Stock Exchange (CSE).
Conclusion: CDPR’s application for upgrading on the TSX stock exchange can be taken as a sign that the company is ready for the next phase of its development. Since late last year, CDPR has assumed operational responsibility as producer at the Santander Mine. The asset, with its limited life, was considered a drag by the previous owner Trevali. CDPR quickly put forward restructuring plans that could extend the life of the to 13 years. If CDPR succeeds in the environmental rehabilitation of the mammoth El Metalurgista project while maintaining sustainable production, this would presumably grace the front pages not only of the relevant industry press but also of political magazines, after Cerro de Pasco has become a symbol of the mining industry’s environmental sins over the years. To do this, of course, CDPR would need a deal with the current operator Glencore. We are curious to see what will come.
{kanada_flagge}Cerro de Pasco Resources Inc (CSE: CDPR; OTCMKTS: GPPRF; FRA: N8HP) has applied for listing on the Toronto Stock Exchange (“TSX”) to improve its access to the capital markets. The Company, now a producer, formally meets all requirements for upgrading from the Canadian Stock Exchange (CSE).
Approval of the application is subject to the TSX’s listing authority, though, so there is no guarantee that the TSX will grant the listing application.
Guy Goulet, Chief Executive Officer of CDPR, stated, “The listing of our shares on the TSX is a valuable milestone that will enhance CDPR’s visibility. This is a critical step in our growth that will significantly increase our brand awareness and could lead to increased trading activity. By listing on the TSX, we aim to further enhance the company’s visibility and accessibility to domestic, international and global investors.”
Santander mine optimization underway
Cerro de Pasco acquired the Santander zinc mine from Trevali in December 2021 for CAD1 million and shares. The mine has a modern processing plant and infrastructure with an estimated replacement value of $129 million. Currently, Cerro de Pasco is implementing an aggressive turnaround plan. The goal is to increase the mine life to 13 years through a 30,000 drill meter exploration campaign. CDPR plans to develop the Santander Pipe orebody by connecting it to the existing underground mine.
El Metalurgista Environmental Rehabilitation (Cerro de Pasco Complex)
CDPR’s El Metalurgista project in the Cerro de Pasco mining complex holds one of the largest surface mineral resources in the world. Together, the resources of the Quiulacocha tailings basin and the Excelsior Stockpile are estimated at 170 million tonnes with an estimated 42.9 million ounces of silver inferred with NI 43-101 certification at inception with significant upside potential. Through its commitment to ESG principles, CDPR has the strong backing of local authorities and communities.
CDPR plans to sustainably develop the Cerro de Pasco mining complex through a zero-waste operation with the goal of rehabilitating the post-mining landscape. To this end, CDPR is planning a detailed drilling program in the Quiulacocha tailings pond. These tailings contain high-grade mining waste from more than 100 years of operations. In parallel, research is underway with H2-SPHERE and Lloyd’s to advance the development of chemical storage systems (fuels, i.e., green hydrogen). These activities are highly compatible with the goal of environmental cleanup.
CDPR intends to work with local and national authorities to promote a wide range of initiatives, including urban planning, health, and social issues.
Conclusion: CDPR’s application for upgrading on the TSX stock exchange can be taken as a sign that the company is ready for the next phase of its development. Since late last year, CDPR has assumed operational responsibility as producer at the Santander Mine. The asset, with its limited life, was considered a drag by the previous owner Trevali. CDPR quickly put forward restructuring plans that could extend the life of the to 13 years. If CDPR succeeds in the environmental rehabilitation of the mammoth El Metalurgista project while maintaining sustainable production, this would presumably grace the front pages not only of the relevant industry press but also of political magazines, after Cerro de Pasco has become a symbol of the mining industry’s environmental sins over the years. To do this, of course, CDPR would need a deal with the current operator Glencore. We are curious to see what will come.
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