On November 27, 2019, the Cerro de Pasco Resources Inc. (CDPR) entered into a definitive share purchase with Volcan Compañia Minera S.A.A. and its subsidiaries, whereby CDPR will acquire all the issued shares of Oxidos de Pasco S.A.C., Empresa Administradora de Cerro S.A.C and Remediadora Ambiental S.A.C. The arm’s length transaction will provide CDPR ownership and operation of all mining and processing assets in Cerro de Pasco, Central Peru, including a precious metal leach plant and a base and precious metals concentrator.
Following multiple past extensions, the Company announced on November 2, 2020 that the Transaction had expired. Volcan, Glencore and CDPR continue to engage proactively to finalize a Transaction that is satisfactory to both parties and beneficial to the local communities. |