SEDAR Interim Financial Statements

[
  {
    "companyName": "Cerro de Pasco Resources Inc.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 26859927,
      "otherFinancialAssets": 61217,
      "otherReceivables": 190103,
      "prepaidExpenses": 128029,
      "totalCurrentAssets": 27239276,
      "propertyPlantAndEquipment": 65404,
      "rightOfUseAssets": 54613,
      "miningPropertiesExplorationAndEvaluationAssets": 6122599,
      "otherAsset": 161173,
      "totalNonCurrentAssets": 6403789,
      "totalAssets": 33643065,
      "tradeAccountsPayableAndOtherLiabilities": 1240309,
      "currentPortionOfLoan": 731381,
      "leaseLiabilities": 3170,
      "balanceOfPurchasePayable": null,
      "currentPortionOfContingentConsiderationPayable": null,
      "totalCurrentLiabilities": 1974860,
      "loanNetOfCurrent": 4082894,
      "leaseLiabilitiesNetOfCurrent": 52500,
      "totalNonCurrentLiabilities": 4135394,
      "totalLiabilities": 6110254,
      "shareCapital": 64993966,
      "warrants": 7644359,
      "shareOptions": 2470062,
      "contributedSurplus": 3045264,
      "deficit": -52178051,
      "accumulatedOtherComprehensiveIncome": 1557211,
      "totalShareholdersEquity": 27532811,
      "totalLiabilitiesAndShareholdersEquity": 33643065,
      "cashPerShare": 0.0470,
      "workingCapitalPerShare": 0.0442
    },
    "incomeStatement": {
      "generalAndAdministrativeExpenses": -5918494,
      "operatingIncomeLossBeforeOtherExpensesRevenuesAndIncomeTax": -5918494,
      "otherAndFinancialIncome": null,
      "financialExpenses": -446073,
      "changeInFairValueOfOtherFinancialAssets": null,
      "lossOnExtinguishmentOfNote": null,
      "gainOnModificationOfNote": null,
      "gainOnModificationOfConvertibleDebt": null,
      "gainOnSettlementOfPurchasePayableAndContingentConsiderationPayable": 2654657,
      "exchangeLoss": -83641,
      "gainOnSaleOfSubsidiaries": null,
      "incomeLossBeforeIncomeTaxes": -3793551,
      "incomeAndMiningTaxes": null,
      "netIncomeLossFromContinuingOperations": -3793551,
      "currencyTranslationAdjustment": 903377,
      "otherComprehensiveIncomeLossNetOfTax": 903377,
      "netComprehensiveIncomeLossFromContinuingOperations": -2890174,
      "netIncomeLossFromDiscontinuedOperations": null,
      "otherComprehensiveIncomeLossFromDiscontinuedOperations": null,
      "netComprehensiveIncomeLossFromDiscontinuedOperations": null,
      "netComprehensiveIncomeLossContinuingOperationsAndDiscontinuedOperations": -2890174,
      "netIncomeLoss": -3793551,
      "otherComprehensiveIncomeLoss": 903377,
      "netComprehensiveIncomeLoss": -2890174,
      "basicWeightedAverageNumberOfCommonSharesOutstanding": 536748906,
      "dilutedWeightedAverageNumberOfCommonShareOutstanding": 536748906,
      "basicIncomeLossPerShareContinuingOperations": -0.01,
      "dilutedIncomeLossPerShareContinuingOperations": -0.01,
      "basicAndDilutedLossPerShareDiscontinuedOperations": null,
      "basicIncomeLossPerShare": -0.01,
      "dilutedIncomeLossPerShare": -0.01
    },
    "cashFlowStatement": {
      "netLossIncomeFromContinuingOperations": -3793551,
      "consultingFeesPaidThroughIssuanceOfShares": null,
      "shareBasedCompensation": 1499989,
      "changeInFairValueOfOtherFinancialAssets": null,
      "gainOnSettlementOfPurchasePayableAndContingentConsiderationPayable": -2654657,
      "gainOnExtinguishmentOfConvertibleDebenture": null,
      "gainOnModificationOfConvertibleDebenture": null,
      "lossOnExtinguishmentOfDebt": null,
      "gainOnSaleOfSubsidiary": null,
      "accretionExpenseOnLoan": 443510,
      "interestOnLoan": 303387,
      "interestOnLeaseLiabilities": null,
      "presumedInterestOnLoan": null,
      "presumedInterestOnConvertibleDebenture": null,
      "presumedInterestAndPenaltiesPaidOnPromissoryNote": null,
      "foreignExchangeEffect": -14958,
      "lossOnSaleOfPropertyPlantAndEquipment": 2994,
      "depreciationOfRightOfUseAssets": null,
      "depreciationOfPropertyPlantAndEquipment": 2593,
      "continuingOperatingActivitiesBeforeChangesInWorkingCapitalItems": -4210693,
      "discontinuedOperatingActivitiesBeforeChangesInWorkingCapitalItems": null,
      "operatingActivitiesBeforeChangesInWorkingCapitalItems": -4210693,
      "changesInTradeReceivables": null,
      "changesInOtherReceivables": -36610,
      "changesInPrepaidExpenses": -18020,
      "changesInOtherAsset": -161173,
      "changesInTradeAccountsPayableAndAccruedLiabilities": -143756,
      "changesInContinuingWorkingCapitalItems": -359559,
      "changesInDiscontinuedWorkingCapitalItems": null,
      "changesInWorkingCapitalItems": -359559,
      "cashFlowsUsedInContinuingOperatingActivities": -4570252,
      "cashProvidedByDiscontinuedOperatingActivities": null,
      "netCashProvidedByOperatingActivities": -4570252,
      "acquisitionOfExplorationAndEvaluationAssets": -1723189,
      "acquisitionOfPropertyPlantAndEquipment": -38744,
      "saleOfPropertyPlantAndEquipment": 1026,
      "investmentInMiningConcessionsAndMiningDevelopment": null,
      "cashFlowsUsedInContinuingInvestingActivities": -1760907,
      "cashUsedInDiscontinuedInvestingActivities": null,
      "netCashProvidedByInvestingActivities": -1760907,
      "proceedsFromSharesIssued": 16165908,
      "proceedsFromExerciseOfWarrantsNetOfIssuanceCosts": 6573850,
      "proceedsFromExerciseOfOptions": 394313,
      "cashPaidToSettleContingentConsiderationAndPurchasePricePayable": -1429507,
      "repaymentOfConvertibleDebenture": null,
      "repaymentOfPromissoryNoteAndInterest": null,
      "repaymentOfLoanPayable": -5936,
      "repaymentOfLeaseLiabilities": null,
      "shareIssuanceCosts": -883031,
      "cashFlowsProvidedByContinuingFinancingActivities": 20815597,
      "cashProvidedByDiscontinuedFinancingActivities": null,
      "netCashProvidedByFinancingActivities": 20815597,
      "effectOfExchangeRateFluctuationsOnCashHeldInForeignCurrencies": 903377,
      "netChangeInCashDuringThePeriod": 15387815,
      "cashBeginningOfPeriodContinuedOperations": 11472112,
      "cashBeginningOfPeriodDiscontinuedOperations": null,
      "cashEndOfPeriod": 26859927
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Marketable Securities",
        "description": "Shares of other publicly traded companies (e.g., Genius Metal Inc.)",
        "ownershipPercentage": null,
        "value": 61217,
        "notes": "Accounted for at fair value through profit and loss (FVTPL)."
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Quiulacocha Tailings and Excelsior Stockpile Mining properties and exploration assets",
        "ownershipPercentage": 100,
        "value": 6122599,
        "notes": "Subject to a 2.0% Net Smelter Return (NSR) on production, which may be purchased by the Company."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 600854500,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 131781770,
          "exercisePrice": 0.35,
          "expiryDate": "Various, from 2026-01-17 to 2028-05-01"
        }
      ],
      "options": [
        {
          "number": 25875000,
          "exercisePrice": 0.41,
          "expiryDate": "Various, from 2027-03-02 to 2030-12-16"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "USD",
      "periods": {
        "threeMonthPeriodEndedDecember312025": {
          "managementAndConsultingFees": 194954,
          "directorsSalariesAndFees": 124624,
          "shareBasedCompensation": 1369447,
          "total": 1689784
        },
        "nineMonthPeriodEndedDecember312025": {
          "managementAndConsultingFees": 625021,
          "directorsSalariesAndFees": 339552,
          "shareBasedCompensation": 1369447,
          "total": 2334020
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Related party",
          "description": "Participation in private placement offering",
          "amount": 4000000,
          "period": "Nine-month period ended December 31, 2025",
          "currency": "CAD"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Warrant holders exercised 6,422,451 warrants at exercise prices ranging from CAD $0.15 to $0.68 per share.",
        "impactValue": 1724451,
        "currency": "CAD"
      },
      {
        "eventDate": null,
        "description": "Option holders exercised 685,000 options at an exercise price of CAD $0.20 per share.",
        "impactValue": 137000,
        "currency": "CAD"
      }
    ]
  }
]