No Mining Required: Cerro de Pasco’s Above-Ground Metals Strategy

No Mining Required: Cerro de Pasco’s Above-Ground Metals Strategy

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Recorded on July 8 2026 live at the Rick Rule Symposium 2026

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Cerro de Pasco Resources Chief Executive Officer and Director Guy Goulet joins host Steve Yang to explain the company’s strategy for reprocessing historic mineral tailings and stockpiles in central Peru. The discussion focuses on the El Metalurgista concession, including the Quiulacocha tailings and the opportunity to recover silver, zinc, lead, copper and gold without conventional mining. Goulet explains why the above-ground nature of the material could reduce operational complexity and why metallurgy, recovery rates and feasibility work are central to the investment case. He also discusses the potential significance of gallium and indium, the company’s approach to silver-bearing pyrite, upcoming copper drilling and possible economic benefits for the Cerro de Pasco community. The interview also covers project financing, share structure, jurisdiction, community support and the technical or market factors that could affect development.

Key Topics
Historic tailings and stockpile reprocessing
No conventional mining requirement
Silver, zinc, lead, copper and gold recovery
Gallium and indium potential
Metallurgical testing and recovery rates
Pyrite roasting and sulphuric acid strategy
Copper drilling and grade potential
Project financing and feasibility work
Peru jurisdiction and community benefits
Share structure and investor catalysts

Cerro de Pasco Resources
Website https://www.pascoresources.com/
Investor Center https://www.pascoresources.com/investors/
Corporate Information https://www.pascoresources.com/corporate/

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Chapters

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00:00 Why the project could benefit Peru
01:07 Introduction and company listings
01:51 Investor interest at the symposium
02:04 The no-mining project model
02:54 Cerro de Pasco and its mining history
03:29 Historic recovery rates and tailings
04:48 Testing the above-ground material
05:54 Moving toward feasibility
06:31 Operating cost advantage
07:19 Moving tailings and recovering metals
07:50 Gallium and critical metals
08:41 Pyrite and sulphuric acid strategy
10:15 Project economics and upside
11:16 Metallurgical testing timeline
11:58 JP Morgan and the district’s history
12:58 Share structure
13:40 U.S. listing discussion
14:32 Copper drilling outlook
15:34 Above-ground copper potential
16:47 Peru jurisdiction
17:28 Funding and development challenges
18:17 Community support
19:33 Government and metallurgy factors
20:07 Closing remarks and contact

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