One of the oldest and largest polymetallic mines in the world, operating for almost 400 years, Cerro de Pasco is changing hands.
CSE-listed Cerro de Pasco Resources (CDPR) announced on Thursday that it would buy the companies that own the mining and processing assets comprising the complex in central Peru from Volcan Compañia Minera for $30-million in cash, a variable consideration and a net smelter royalty.