CSE-listed Cerro de Pasco Resources (CDPR) on Tuesday announced the sale of its Santander mine to a Peruvian investment company controlled by Finanzas e Inversiones Corporativas (FIC).
FIC specialises in managing alternative and distressed investments across various industries.
“The sale of the Santander mine aligns with our strategy to focus on reducing corporate debt,” explained CDPR CEO Guy Goulet.
“We thank the Santander team for their commitment and dedication, and we wish them success in executing the projects we have developed together.”
CDPR acquired Santander in late 2021. In June 2023 the operation underwent curtailment due to macroeconomic pressures affecting the zinc price. The assets include a 2 500 t/d sulphide milling and flotation plant. 