Cerro de Pasco Resources Inc. (TSXV: CDPR) (OTCMKTS: GPPRF) (FRA: N8HP) is seeking a secondary listing of its shares on the Lima Stock Exchange (Bolsa de Valores de Lima, “BVL”). The additional listing is intended to expand the company’s presence in Latin America and increase visibility among regional investors, according to a press release issued by the company today. The company’s primary listing will remain on the TSX Venture Exchange (TSXV). The Lima Stock Exchange (BVL) is home to 275 listed companies with a total market capitalization of approximately $190.7 billion and a strong focus on the mining and industrial sectors. The Lima Stock Exchange is part of the newly formed NUAM stock exchange alliance, which comprises the stock exchanges of Chile, Colombia, and Peru with a total market capitalization of approximately US$476 billion, making it the second-largest integrated stock market in South America.
Cerro de Pasco has appointed Peru-based investment firm Kallpa Securities SAB (“Kallpa”) as sponsor and advisor for the listing process. Kallpa specializes in equity sales, research, and corporate finance. Kallpa is the exclusive sponsor for all ten junior mining companies currently listed on the TSX Venture Exchange and listed on the BVL. Since its inception in 2008, Kallpa has become one of Peru’s leading brokerage firms, ranking eighth in trading volume among 20 Peruvian brokers and widely recognized as the country’s leading mining research company.
The application for listing is expected to be filed within the next 30 days, with completion expected within approximately two to three months, subject to regulatory approvals.
Guy Goulet, CEO of CDPR, commented: “A listing on the BVL would increase CDPR’s visibility and trading liquidity while opening the door for broader participation in the company’s growth by Latin American institutional and private investors, including Peruvian pension funds. We view this as a natural step to align our capital market presence with the region where our core business and long-term vision are anchored.”
Strategic reasons for the listing
CDPR’s planned listing on the BVL reflects the company’s strong commitment to Peru and the broader Andean region, where the company’s flagship project, a silver-bearing polymetallic reprocessing project targeting the historic tailings of Cerro de Pasco, is located. A BVL listing is expected to improve access for Peruvian and regional investors seeking exposure to sustainable mining and environmental remediation; broaden CDPR’s shareholder base and increase trading liquidity; and position the company on Latin America’s most active mining stock market.
The BVL is now part of the NUAM Exchange, the newly formed regional holding company that integrates the stock exchanges of Chile, Colombia, and Peru into a single regional market(www.nuamx.com). It offers listed companies greater visibility and access to a larger pool of institutional and private investors throughout the Andean region. While each participating country maintains its own regulatory framework, joint initiatives are underway to harmonize various processes such as IPO requirements, filings, custody, and settlement.
Simplified regulatory approach
As a company listed on the TSX Venture Exchange, CDPR benefits from the TSXV Passport Listing Process, which allows qualified issuers to obtain an accelerated secondary listing on approved exchanges such as the BVL. This process was designed to improve efficiency, reduce costs, and accelerate market entry—all while maintaining strong disclosure and governance standards.
The BVL recognizes the TSXV as an approved market under its rules and regulations. Consequently, CDPR’s listing will not entail any additional regulatory burdens. The company will continue to report under Canadian securities laws and utilize its existing compliance structure to meet local requirements in Peru.
