Cerro de Pasco Resources Inc. (CDPR) reports a net income of $24.6 million for the fiscal year ending March 31, 2025, a significant improvement from the previous year’s net loss of $29.3 million. The company’s financial position has been strengthened by selling non-core assets and focusing on the Quiulacocha Tailings Project.

CEO Guy Goulet stated that the sale of the Santander mine has removed significant liabilities, allowing CDPR to concentrate on advancing the Quiulacocha Tailings Project. The company is now well-capitalized and strategically positioned for future development.

In the fiscal year 2025, CDPR saw positive financial results, including earnings per share of $0.06, a cash balance of $11.5 million, and shareholders’ equity of $6.7 million. The sale of the Santander mine resulted in a $35.9 million gain and a reduction in liabilities for the company.

CDPR is actively progressing with technical, environmental, and permitting activities at Quiulacocha to achieve its Preliminary Feasibility Study (PFS) and reach key development milestones. The company focuses on reprocessing historic mining waste to unlock value and support sustainable development.

Cerro de Pasco Resources is dedicated to developing the El Metalurgista mining concession in central Peru, focusing on the reprocessing of silver-rich mineral tailings and stockpiles. The company aims to unlock value from historic mining waste while promoting sustainable development and environmental remediation. The asset represents a significant above-ground metal resource.

Read more at GlobeNewswire: Cerro de Pasco Resources Reports 2025 Fiscal Year-End