Cerro de Pasco Resources Reports 2025 Fiscal Year-End Financial Results and Strategic Milestones
Cerro de Pasco Resources (OTCMKTS: GPPRF) reported strong financial results for fiscal year 2025, achieving a significant turnaround with net income of $24.6 million compared to a prior-period loss of $29.3 million. The company's strategic transformation was driven by the sale of its Santander mine, which generated a $35.9 million gain and eliminated over $70 million in liabilities.
The company ended the year with a cash balance of $11.5 million and positive working capital of $6.3 million, reversing a previous $55.0 million deficit. Shareholders' equity improved to $6.7 million from a $40.8 million deficit. Post year-end, CDPR raised an additional CAD $4.1 million through warrant and option exercises.
CDPR is now focused on advancing its Quiulacocha Tailings Project, having secured key agreements and initiated a 40-hole drilling program.
Cerro de Pasco Resources (OTCMKTS: GPPRF) ha riportato risultati finanziari solidi per l'anno fiscale 2025, ottenendo una significativa inversione di tendenza con un utile netto di 24,6 milioni di dollari rispetto a una perdita di 29,3 milioni di dollari del periodo precedente. La trasformazione strategica dell'azienda è stata guidata dalla vendita della miniera di Santander, che ha generato un guadagno di 35,9 milioni di dollari e ha eliminato oltre 70 milioni di dollari di passività.
L'azienda ha chiuso l'anno con un saldo di cassa di 11,5 milioni di dollari e un capitale circolante positivo di 6,3 milioni di dollari, invertendo un precedente deficit di 55,0 milioni di dollari. Il patrimonio netto degli azionisti è migliorato a 6,7 milioni di dollari da un deficit di 40,8 milioni di dollari. Dopo la chiusura dell'esercizio, CDPR ha raccolto ulteriori 4,1 milioni di dollari canadesi tramite l'esercizio di warrant e opzioni.
CDPR ora si concentra sull'avanzamento del progetto Quiulacocha Tailings, avendo assicurato accordi chiave e avviato un programma di perforazione di 40 fori.
Cerro de Pasco Resources (OTCMKTS: GPPRF) reportó sólidos resultados financieros para el año fiscal 2025, logrando un cambio significativo con un ingreso neto de 24,6 millones de dólares en comparación con una pérdida de 29,3 millones en el período anterior. La transformación estratégica de la compañía fue impulsada por la venta de su mina Santander, que generó una ganancia de 35,9 millones de dólares y eliminó más de 70 millones en pasivos.
La empresa cerró el año con un saldo de efectivo de 11,5 millones de dólares y un capital de trabajo positivo de 6,3 millones, revirtiendo un déficit previo de 55,0 millones. El patrimonio neto de los accionistas mejoró a 6,7 millones desde un déficit de 40,8 millones. Tras el cierre del año, CDPR recaudó adicionalmente 4,1 millones de dólares canadienses mediante el ejercicio de warrants y opciones.
CDPR ahora se enfoca en avanzar su Proyecto de Relaves Quiulacocha, habiendo asegurado acuerdos clave e iniciado un programa de perforación de 40 pozos.
Cerro de Pasco Resources (OTCMKTS: GPPRF)는 2025 회계연도에 강력한 재무 성과를 보고하며, 이전 기간의 2,930만 달러 손실에서 2,460만 달러의 순이익으로 큰 전환을 이루었습니다. 회사의 전략적 전환은 산탄데르 광산 매각에 의해 주도되었으며, 이는 3,590만 달러의 이익을 창출하고 7,000만 달러 이상의 부채를 제거했습니다.
회사는 연말에 1,150만 달러의 현금 잔고와 630만 달러의 긍정적인 운전자본을 기록하며, 이전의 5,500만 달러 적자를 반전시켰습니다. 주주 자본은 4,080만 달러 적자에서 670만 달러로 개선되었습니다. 연도 말 이후 CDPR은 워런트 및 옵션 행사로 추가 410만 캐나다 달러를 조달했습니다.
CDPR은 현재 주요 계약을 확보하고 40공 구멍 시추 프로그램을 시작하며 Quiulacocha Tailings 프로젝트를 추진하는 데 집중하고 있습니다.
Cerro de Pasco Resources (OTCMKTS : GPPRF) a annoncé de solides résultats financiers pour l'exercice 2025, réalisant un retournement significatif avec un bénéfice net de 24,6 millions de dollars contre une perte de 29,3 millions de dollars lors de la période précédente. La transformation stratégique de l'entreprise a été portée par la vente de sa mine de Santander, qui a généré un gain de 35,9 millions de dollars et éliminé plus de 70 millions de dollars de passifs.
L'entreprise a terminé l'année avec un solde de trésorerie de 11,5 millions de dollars et un fonds de roulement positif de 6,3 millions, renversant un déficit précédent de 55,0 millions. Les capitaux propres des actionnaires se sont améliorés à 6,7 millions contre un déficit de 40,8 millions. Après la clôture de l'exercice, CDPR a levé 4,1 millions de dollars canadiens supplémentaires grâce à l'exercice de bons de souscription et d'options.
CDPR se concentre désormais sur l'avancement de son projet de résidus de Quiulacocha, ayant obtenu des accords clés et lancé un programme de forage de 40 trous.
Cerro de Pasco Resources (OTCMKTS: GPPRF) meldete starke Finanzergebnisse für das Geschäftsjahr 2025 und erzielte eine bedeutende Kehrtwende mit einem Nettoeinkommen von 24,6 Millionen US-Dollar im Vergleich zu einem Verlust von 29,3 Millionen US-Dollar im Vorjahr. Die strategische Transformation des Unternehmens wurde durch den Verkauf der Santander-Mine vorangetrieben, der einen Gewinn von 35,9 Millionen US-Dollar erzielte und Verbindlichkeiten von über 70 Millionen US-Dollar eliminierte.
Das Unternehmen beendete das Jahr mit einem Barguthaben von 11,5 Millionen US-Dollar und einem positiven Working Capital von 6,3 Millionen US-Dollar, womit ein vorheriges Defizit von 55,0 Millionen US-Dollar umgekehrt wurde. Das Eigenkapital der Aktionäre verbesserte sich von einem Defizit von 40,8 Millionen US-Dollar auf 6,7 Millionen US-Dollar. Nach Jahresende sammelte CDPR zusätzlich 4,1 Millionen kanadische Dollar durch die Ausübung von Warrants und Optionen ein.
CDPR konzentriert sich nun darauf, das Quiulacocha Tailings Projekt voranzutreiben, nachdem wichtige Vereinbarungen getroffen und ein Bohrprogramm mit 40 Bohrlöchern gestartet wurde.
- Achieved net income of $24.6 million, reversing previous $29.3 million loss
- Generated $35.9 million gain from Santander mine sale
- Eliminated over $70 million in liabilities through strategic asset sale
- Improved cash position to $11.5 million from $0.1 million
- Raised additional CAD $4.1 million through warrant and option exercises post year-end
- Secured easement agreement for Quiulacocha project development
- Significant reduction in total assets to $16.3 million from $37.4 million
- Divested revenue-generating Santander mine operations
MONTRÉAL, July 30, 2025 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCMKTS: GPPRF) (BVL: CDPR) (“CDPR” or the “Company”) announces its audited financial results for the year ended March 31, 2025.
The Company significantly strengthened its financial position following the strategic realignment from the sale of non-core assets, resulting in net income of
Fiscal 2025 Highlights (All figures in USD)
- Net income of
$24.6 million compared to a net loss of$29.3 million for the fifteen-month period ended March 31, 2024. - Earnings per share (basic and diluted) of
$0.06 , versus a loss of$0.09 per share in the prior period. - Cash balance of
$11.5 million , with positive working capital of$6.3 million (versus a$55.0 million deficit in the prior period). - Shareholders’ equity of
$6.7 million , a reversal from a$40.8 million deficit. $35.9 million gain on the sale of Santander, allowing CDPR to streamline operations and focus on Quiulacocha.- Significant liability reduction, including full settlement of the convertible debenture and promissory note.
CEO Commentary
"The past year marks a turning point for Cerro de Pasco Resources," said Guy Goulet, CEO. "With the sale of the Santander mine, we have removed significant liabilities from our balance sheet and sharpened our strategic focus on advancing our world-class Quiulacocha Tailings Project. The Company is now well-capitalized and strongly positioned to execute on the next phase of development.”
Strategic and Operational Developments
- Sale of Non-Core Assets: In August 2024, CDPR completed the sale of its Santander mine operations, eliminating over
$70 million in associated liabilities, and re-aligning the Company’s strategy around the Quiulacocha Tailings Project. - Strengthened Capital Structure: The Company raised over
$17 million through private placements and benefited from continued warrant and option exercises, improving liquidity and shareholder alignment. - Advancing Project Development: In May 2024, CDPR signed an easement agreement with Activos Mineros S.A.C., enabling engineering and a 40-hole drilling program at Quiulacocha, supported by a
$1 million payment to the Peruvian National Bank. - Subsequent to Year-End: Between April and July 2025, 17,009,580 warrants and 400,000 stock options were exercised, generating approximately CAD
$4.1 million in additional proceeds.
Financial Summary (All figures in USD)
| Metric | FY 2025 (12 months) | FY 2024 (15 months) | |||
| Net Income (Loss) | ( | ||||
| Earnings (Loss) per Share | ( | ||||
| Cash Balance | |||||
| Working Capital | ( | ||||
| Total Assets | |||||
| Total Liabilities | |||||
| Shareholders’ Equity (Deficit) | ( | ||||
Outlook
CDPR is actively advancing technical, environmental, and further permitting activities at Quiulacocha, with a focus on delivering its Preliminary Feasibility Study (PFS) and unlocking near-term development milestones.
About Cerro de Pasco Resources
Cerro de Pasco Resources is focused on the development of its principal
For more information, please visit: www.pascoresources.com
| Further Information: | ||
| Guy Goulet, CEO | Donna Yoshimatsu, Senior Strategic Advisor / | |
| Telephone: +1-579-476-7000 | Investor Relations | |
| Mobile: +1-514-294-7000 | Mobile: +1 416-722-2456 | |
| ggoulet@pascoresources.com | dyoshi@pascoresources.com | |
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “expected” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements, including the expectations related to the Corporation’s objectives, goals or future plans, including the budgeted work program, are based on the Corporation’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Corporation will not update any forward-looking statements or forward-looking information, except as required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ventur Exchange) accepts responsibility for the adequacy or accuracy of this release.
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