Cerro de Pasco Resources Secures Full Access to Quiulacocha Tailings for Reprocessing — Cerro de Pasco Resources Inc.

Event summary

Cerro de Pasco Resources (CDPR) secured an access agreement with Activos Mineros S.A.C. (AMSAC) for the entire Quiulacocha Tailings Storage Facility, including areas outside its El Metalurgista concession.
The deal allows CDPR to conduct resource drilling, geotechnical studies, and environmental assessments across the full tailings area.
CDPR will pay approximately US$2.1 million over the initial term of the agreement, with options for extension.
Drilling activities are expected to commence in mid-2026, pending permitting and operational planning.

The big picture

This agreement marks a strategic shift from limited access to full-scale project advancement, aligning CDPR with a state-owned entity focused on environmental remediation. The deal underscores the growing importance of integrating metals recovery with sustainable mining practices in Peru's legacy mining sites. With US$2.1 million invested upfront, CDPR is positioning itself to unlock one of the largest above-ground resources in the region.

What we're watching

Project Execution: Whether CDPR can efficiently deploy capital toward critical technical programs required to advance the project toward feasibility and permitting.
Regulatory Dynamics: The pace at which CDPR secures additional permits, particularly for the Environmental Impact Assessment (EIA), will determine the timeline for full-scale development.
Strategic Collaboration: How the collaborative framework with AMSAC evolves and whether it can sustain long-term development and remediation of the Quiulacocha tailings.