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Cerro de Pasco Resources Completes Acquisition of Santander Mine
Cerro de Pasco Resources Completes Acquisition of Santander Mine Canada NewsWir...
About this update from Cerro De Pasco Resources, Inc.
[{"type":"text","content":"\n \n \n \n Cerro de Pasco Resources Completes Acquisition of Santander Mine\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CSE:CDPR\n \n \n \n \n MONTREAL\n \n ,\n \n Dec. 3, 2021\n \n /CNW Telbec/ -\n \n Cerro de Pasco Resources Inc.\n \n (CSE: CDPR) (Frankfurt: N8HP) (\"CDPR,\" or the \"Company\") is pleased to announce that the Company has completed the acquisition from Trevali Mining Corporation (\"\n \n Trevali\n \n \") (TSX: TV) (BVL: TV) (OTCQX: TREVF) (\n \n Frankfurt\n \n : 4TI), of the Santander Mine (the \"Transaction\"), located approximately 215 kilometres northeast of\n \n Lima, Peru\n \n and comprising an underground mine, a 2,000-tonne-per-day processing mill, a conventional sulphide flotation mill, and associated infrastructure (see press releases of\n \n November 8, 2021\n \n ).\n \n \n \n \n \n \n \n \n \n \n Guy Goulet\n \n , CEO of CDPR commented: \"\n \n We remain highly focused, in line with our core skills, namely, detailed management of late-stage mining operations and reprocessing of mineral stockpiles and tailings. This naturally draws us towards \"tail\" or \"sub-scale\" assets near Cerro de Pasco, with closure on the horizon but where we have identified an angle to extend life of mine, responsibly and profitably. We are thrilled that this acquisition breaks the ice and gets our team doing what it does best.\"\n \n \n \n \n Corporate Strategy\n \n \n \n The transaction plays to CDPR's natural strengths having built a highly specialized team of experts in 2019 with a view to taking control of the entire Cerro de Pasco mining complex from Volcan / Glencore. Negotiations with Volcan/Glencore were suspended pending exploration of the Quiulacocha Tailings, now approved by the Ministry of Energy and Mines and expected to begin at the end of the ongoing rainy season (April).\n \n \n In the interim, the CDPR team has exercised its strengths to identify further, complimentary opportunity within a 70km radius of Cerro de Pasco itself, where the El Metalurgista concession remains at the core of the Company's...