Cerro de Pasco Resources will invest S/ 7.2 million to boost the Quiulacocha tailings project

Cerro de Pasco Resources took another step forward in the development of Quiulacocha, its tailings project in Cerro de Pasco, by announcing an investment of approximately S/7.2 million (about US$2.1 million) to carry out a new phase of technical evaluation of the area.

The advancement occurs after the company closed an agreement with Activos Mineros S.A.C., a state entity linked to the remediation of environmental liabilities, which will allow it to work on the entire project area and not just on the space within its El Metalurgista concession.

With that new access framework, the mining company will be able to deploy a broader work program, aimed at generating key information for the next phases of the project. Planned activities include drilling campaigns for resource definition, geotechnical and hydrogeological studies, geophysical surveys, environmental monitoring, and historical data collection.

All of this information will serve as a basis for subsequent stages, including mineral resource estimation, feasibility studies, and the preparation of the Environmental Impact Assessment (EIA).

The company anticipates that the first drilling campaigns could commence in mid-2026, provided that the necessary complementary permits are obtained. In parallel, it will seek to advance with a new application before the mining authority to continue with the preparation of the environmental component of the project.

The current agreement replaces a more restricted scheme that the company had previously used. In 2024, Cerro de Pasco Resources had obtained authorization to operate only on a portion of the area, through a temporary two-year easement. Now, with the new agreement, the company will operate under a more comprehensive and coordinated scheme for the entire tailings area.

This change is relevant because it allows you to more efficiently organize the technical, operational, and environmental aspects of the project, while also accelerating the generation of information needed to support your next investment decisions.

The announced investment is part of a strategy for gradual progress at Quiulacocha, under which the company aims to first consolidate the studies and technical foundation before moving on to later phases. In this vein, the project already had additional financial backing after the company secured US$22.7 million in financing in 2025 through private placements earmarked for engineering, environmental, and technical studies.

With this new phase, Cerro de Pasco Resources aims to move Quiulacocha towards a more active development stage, focusing on studies, technical validation, and regulatory compliance, with the goal of preparing the project for larger-scale decisions in the future.