(06-08-2025) Cerro de Pasco Resources Inc. (CSE | BVL: CDPR; OTCMKTS: GPPRF), Montreal, based and focused on a circular economy approach to problematic mine tailings, with emphasis on the El Metalurgista concession and the Quiulacocha Tailings Project in Cerro de Pasco, reported net income of $24.6 million for the year ended March 31, 2025, compared to a net loss of $29.3 million for the fifteen-month period ended March 31, 2024.
Other Fiscal 2025 Highlights (All figures in US$):
- Earnings per share (basic and diluted) of $0.06, versus a loss of $0.09 per share in the prior period.
- Cash balance of $11.5 million, with positive working capital of $6.3 million (versus a $55.0 million deficit in the prior period).
- Shareholders’ equity of $6.7 million, a reversal from a $40.8 million deficit.
- $35.9 million gain on the sale of the Santander mine, allowing CDPR to streamline operations and focus on Quiulacocha.
- Significant liability reduction, including full settlement of the convertible debenture and promissory note.
The company strengthened its financial position following a strategic restructuring stemming from the sale of non-core assets, resulting in net income of $24.6 million for the year. CDPR is now in a strong position to advance its Quiulacocha Tailings Project.
… lists on the Lima Stock Exchange
CDPR also announced the commencement of trading of its common shares on the Lima Stock Exchange (BVL) on July 17, 2025. Kallpa Securities S.A.B. acted as sponsoring broker for the BVL listing.
In this way, CDPR continues its strategy of expanding its presence in Latin America and increasing visibility among regional investors. The company’s primary listing remains on the Toronto Stock Exchange Venture (TSX-V).