Overview
Cerro de Pasco Resources Inc. (CDPR) is focused on the development of its principal 100% owned asset, the El Metalurgista mining concession, comprising silver-rich mineral tailings and stockpiles extracted over a century of operation from the Cerro de Pasco open pit and underground mine in Central Peru. The company’s approach at El Metalurgista entails the reprocessing and environmental remediation of mining waste and the creation of numerous opportunities in a circular economy. The asset is one of the world’s largest above-ground metal resources.
To provide a template for sustainable and competitive mining in Cerro de Pasco, driving the creation of circular economic solutions for problematic mining waste.
To use the best proven technology and practice to extract mineral value from some of Peru's largest mining liabilities, creating economies of scale, efficiency and longevity, with the potential to deploy long-established infrastructure and to build alliances with existing mining operations.

Management
Steven Zadka
Member – Audit Committee
Cerro de Pasco Resources Inc.
Steven Zadka is the Founder and Executive Chairman of Cerro de Pasco Resources Inc. (CDPR), a company he established in 2012 to lead the sustainable transformation of one of the world’s most historically significant mining regions. With over 15 years of dedicated experience in the metals and mining sector, Mr. Zadka specializes in converting complex mineral assets into sustainable, modern operations that prioritize economic growth and environmental stewardship.
Under Mr. Zadka’s leadership, CDPR has become a pioneering force in tailings reprocessing, critical mineral recovery, and mine site remediation. He has been instrumental in building partnerships with governments, international development organizations, and local communities, aligning private-sector innovation with long-term public benefit. His vision and strategic guidance have positioned CDPR as a key player in responsible supply chains for critical minerals.
Prior to founding CDPR, Mr. Zadka held senior roles at prominent investment banks, including Sunrise Securities LLC, INTE Securities LLC, Adar Capital Advisors, and Casimir Capital LP, focusing extensively on metals and mining finance, cross-border mergers and acquisitions, and resource project development across the Americas. He also served as a senior consultant at Mine Management.
Mr. Zadka holds a Bachelor of Science from Baruch College in New York City and is deeply committed to driving CDPR’s next phase of growth through innovation, sustainability, and strategic partnerships.
Guy Goulet
Guy Goulet
Cerro de Pasco Resources Inc.
Guy Goulet has served as Chief Executive Officer and Director of Cerro de Pasco Resources Inc. since 2018. A Geological Engineer by training (B.Sc., École Polytechnique de Montréal, 1986), Mr. Goulet brings over 35 years of extensive experience in metals mining, strategically leading mine restarts, financing, operational development, and engineering excellence across Canada, North Africa, Latin America, and beyond.
Mr. Goulet co-founded Maya Gold & Silver (now Aya Gold & Silver) in 2008, where he served as CEO until 2017. Under his leadership, the Zgounder silver mine in Morocco was successfully revitalized, transitioning from a marginal operation into one of Morocco’s leading silver producers. His strategic vision and technical oversight were critical to infrastructure development, operational stability, and significantly ramped-up production.
From 2000 to 2008, Mr. Goulet co-founded and led H₂O Innovation Inc., steering it to become an internationally recognized leader in membrane filtration, advanced water treatment, and wastewater reuse solutions. His ability to commercialize innovative technologies and effectively manage complex engineering projects across global markets underscores his managerial acumen and technical expertise. During this period, he also collaborated with Hydro-Québec and Group STAS in pioneering the production of lithium metal from high-purity lithium carbonate.
Earlier in his career (1995–2000), Mr. Goulet held CEO and Board positions at five publicly listed Canadian mining companies, notably leading the successful restart of the Wrightbar gold mine in Val d’Or, Québec. Throughout his distinguished career, Mr. Goulet has secured over C$400 million in capital through financings on the TSX Venture Exchange, Canadian Securities Exchange, and Alternext (Paris).
At Cerro de Pasco Resources, Mr. Goulet applies his seasoned experience to guide the company's flagship project: reprocessing historic tailings and advancing critical environmental remediation in the Cerro de Pasco district. His leadership fosters sustainable growth, environmental responsibility, and robust collaboration with local communities, government entities, and international development organizations.
Manuel Lizandro Rodriguez Mariategui Canny
Manuel Lizandro Rodriguez Mariategui Canny
Cerro de Pasco Resources Inc.
Manuel Rodriguez Mariategui is a highly respected Peruvian mining executive with more than 40 years of senior leadership experience across the metals and resource sectors. He currently serves as President and Director of Cerro de Pasco Resources Inc. (CDPR), where he leads the company’s strategic direction with a focus on sustainable development, environmental remediation, and stakeholder value creation.
Mr. Rodriguez Mariategui has an extensive track record in both corporate governance and operational leadership. He served for over a decade as Chairman of Austria Duvaz, one of Peru’s most historic mining operations, where he successfully modernized the company’s infrastructure and embedded long-term environmental sustainability into its core operations.
In addition to his role at CDPR, he is the CEO of Minera Valor, Executive Director of a prominent aquaculture enterprise, and President of the Investment & Risk Committee for Inversiones Don Lizandro—demonstrating a wide-ranging commitment to Peru’s industrial and environmental advancement.
At CDPR, Mr. Rodriguez Mariategui is driving forward the company’s flagship El Metalurgista project, which focuses on the reprocessing of legacy tailings in Cerro de Pasco. His leadership emphasizes operational excellence, environmental responsibility, and community engagement. He also serves as the company’s ESG and Community Engagement Director, leveraging his in-depth knowledge of the Peruvian mining landscape to ensure CDPR operates with transparency, inclusivity, and long-term impact.
Under his guidance, CDPR is redefining how historical mining assets can be transformed into engines of social and environmental regeneration.
James (Jay) Cardwell, CPA
James (Jay) Cardwell, CPA
Cerro de Pasco Resources Inc.
James (Jay) Cardwell is an experienced financial executive with over 23 years in CFO and COO roles, specializing in operations, financial reporting, and compliance across diverse growth-oriented companies. As CDPR’s CFO since April 2022, he oversees financial strategy, ensuring robust governance and capital management to support the company’s mineral recovery and remediation projects.
Mr. Cardwell as the former COO at CFO Squad, a CFO advisory firm that provides expert outsourced CFO services, led financial operations at multiple publicly traded and private firms, including Glucotrack, Inc. (NASDAQ, GCTK(, NanoVibronix Inc. (NASDAQ: NAOV), Esports Entertainment Group (NASDAQ: GMBL), Stemtech Corporation (OTC: GNTW), Ehave Inc. (EHVVF), Artemis Acquisition Corp., NewGioco Group, and VerifyMe Inc. Earlier in his career, he held CFO roles at S2BN Entertainment and Sibling Entertainment, and began in public accounting at Arthur Andersen & Co. in St. Louis, serving clients such as General Dynamics, Anheuser-Busch, and May Department Stores.
Currently, Mr. Cardwell also serves as the CFO for Holobeam Technologies, Inc., a biotech company developing breakthrough technologies in cancer detection and treatment.
He brings extensive expertise in SEC and OTC reporting, M&A support, financial modelling, tax compliance, quality of earnings analysis, and corporate restructuring. Mr. Cardwell also founded Cardwell Productions and acts as Trustee of John Street United Methodist Church and John Street Trust Fund Society, and serves as Treasurer and Director of the Southold Historical Museum.
Dr. Bernhard Dold
Dr. Bernhard Dold
Cerro de Pasco Resources Inc.
Dr. Bernhard Dold is the Chief Technology Officer (CTO) of Cerro de Pasco Resources Inc. (CDPR) and a globally recognized authority in environmental geochemistry, acid mine drainage, metal mobility in tailings, and mine remediation. With an extensive academic and professional career, Dr. Dold has authored over 100 scientific publications, significantly advancing the understanding of geochemical behaviors and sustainable practices in mining.
His influential studies include groundbreaking works such as “Speciation of arsenic and antimony in mine tailings and runoff waters from the mines in the Iberian Pyrite Belt, Spain” (Applied Geochemistry, 2005) and “Sulfide oxidation and acid mine drainage formation in mine waste environments” (Environmental Science & Technology, 2010). His research has shaped current knowledge on tailings geochemistry, particularly regarding metal leaching and acid rock drainage phenomena.
Throughout his career as both professor and consultant, Dr. Dold has led extensive field investigations and developed sophisticated remediation strategies across diverse global mining regions, including Latin America, Europe, and Africa. His recent professional endeavors emphasize the potential of historical tailings as valuable mineral resources while effectively managing their environmental risks.
At CDPR, Dr. Dold leads technical innovation and environmental strategy, specifically guiding the reprocessing and remediation initiatives for the company's flagship Quiulacocha deposit. He directs the design of advanced sequential extraction tests and comprehensive geochemical modeling, playing a central role in CDPR’s mission to create sustainable, environmentally responsible, and economically viable mining solutions.
Alfonso Palacio, QP, MIMMM, CEng
Alfonso Palacio, QP, MIMMM, CEng
Cerro de Pasco Resources Inc.
Mr. Alfonso Palacio Castilla is a Qualified Person (NI 43‑101), Chartered Engineer and geologist with an MSc in Mining Engineering and Management from the South Dakota School of Mines. Alfonso brings over 15 years of experience in mining operations, project and geotechnical engineering, mining infrastructure development, technical reporting under NI 43‑101 and JORC, and due diligence oversight in Colombia, Spain, and Peru.
At CDPR, he has overseen drilling, geotechnical, metallurgical, and engineering studies supporting the transition to prefeasibility and feasibility. Prior to joining the company, he held senior technical roles at Sociedad Minera de Santander (UAE Mubadala Investment), and MATSA (UEA Mubadala Investment & Trafigura), where he led engineering studies and technical reports, and geotechnical assessments, and provided engineering support to underground mining operations.
In his current role at CDPR, Mr. Palacio is instrumental in advancing the Quiulacocha tailings reprocessing project. He coordinates multidisciplinary teams, integrating feasibility, engineering, and permitting deliverables to execute technically robust, environmentally responsible, and economically viable project outcomes. His deep expertise in mining operations, infrastructure projects, engineering, stakeholder engagement, and brownfield site revitalization significantly contributes to CDPR’s sustainable mining and environmental remediation objectives.
Directors
Steven Allen Zadka
Steven Allen Zadka
Member – Audit Committee
Cerro de Pasco Resources Inc.
Steven Zadka is the Founder and Executive Chairman of Cerro de Pasco Resources Inc. (CDPR), a company he established in 2012 to lead the sustainable transformation of one of the world’s most historically significant mining regions. With over 15 years of dedicated experience in the metals and mining sector, Mr. Zadka specializes in converting complex mineral assets into sustainable, modern operations that prioritize economic growth and environmental stewardship.
Under Mr. Zadka’s leadership, CDPR has become a pioneering force in tailings reprocessing, critical mineral recovery, and mine site remediation. He has been instrumental in building partnerships with governments, international development organizations, and local communities, aligning private-sector innovation with long-term public benefit. His vision and strategic guidance have positioned CDPR as a key player in responsible supply chains for critical minerals.
Prior to founding CDPR, Mr. Zadka held senior roles at prominent investment banks, including Sunrise Securities LLC, INTE Securities LLC, Adar Capital Advisors, and Casimir Capital LP, focusing extensively on metals and mining finance, cross-border mergers and acquisitions, and resource project development across the Americas. He also served as a senior consultant at Mine Management.
Mr. Zadka holds a Bachelor of Science from Baruch College in New York City and is deeply committed to driving CDPR’s next phase of growth through innovation, sustainability, and strategic partnerships.
John G. Booth, LLM
John G. Booth, LLM
Chair – Audit, Governance & Compensation Committees
Cerro de Pasco Resources Inc.
Mr. Booth brings more than 25 years' experience as a non-executive chair and director of multiple public companies in the natural resource, energy, finance and technology areas, and previously served as a nominee non-executive director for the European Bank for Reconstruction and Development as part of their external governance initiative.
He has more than 25 years' experience in the international capital markets as a lawyer, investment banker, strategy consultant, fund manager and senior executive working for firms including Merrill Lynch International, ICAP, CEDEF, ABN AMRO Bank NV, CIBC, the World Bank, Climate Change Capital and Conservation Finance International. He has also co-founded, led, and successfully exited three financial services businesses including the world's first peer-to-peer foreign exchange payments company which listed in 2013.
In addition to his role at CDPR, he currently serves as Chairman of Laramide Resources (TSX & ASX), Chairman of Vox Valor Capital (LSE), Chairman of European Electric Metals (TSXV) and Chair of the audit committee of Morocco Strategic Minerals (TSXV) and is the Chairman of Thrive Biosciences Ltd, a private UK biotech company. Since 2023, he has been a guest lecturer in the MBA program at the University of Oxford, and for the past five years, in the MSc Program at Kings College, University of London where he focuses on environmental and social governance (ESG).
Mr. Booth holds a BSc (Hons) in Biology and Environmental Science, LLB, JD and LLM, and is a licensed attorney in New York, Ontario and Washington, DC.
Guy Goulet
Guy Goulet
Cerro de Pasco Resources Inc.
Guy Goulet has served as Chief Executive Officer and Director of Cerro de Pasco Resources Inc. since 2018. A Geological Engineer by training (B.Sc., École Polytechnique de Montréal, 1986), Mr. Goulet brings over 35 years of extensive experience in metals mining, strategically leading mine restarts, financing, operational development, and engineering excellence across Canada, North Africa, Latin America, and beyond.
Mr. Goulet co-founded Maya Gold & Silver (now Aya Gold & Silver) in 2008, where he served as CEO until 2017. Under his leadership, the Zgounder silver mine in Morocco was successfully revitalized, transitioning from a marginal operation into one of Morocco’s leading silver producers. His strategic vision and technical oversight were critical to infrastructure development, operational stability, and significantly ramped-up production.
From 2000 to 2008, Mr. Goulet co-founded and led H₂O Innovation Inc., steering it to become an internationally recognized leader in membrane filtration, advanced water treatment, and wastewater reuse solutions. His ability to commercialize innovative technologies and effectively manage complex engineering projects across global markets underscores his managerial acumen and technical expertise. During this period, he also collaborated with Hydro-Québec and Group STAS in pioneering the production of lithium metal from high-purity lithium carbonate.
Earlier in his career (1995–2000), Mr. Goulet held CEO and Board positions at five publicly listed Canadian mining companies, notably leading the successful restart of the Wrightbar gold mine in Val d’Or, Québec. Throughout his distinguished career, Mr. Goulet has secured over C$400 million in capital through financings on the TSX Venture Exchange, Canadian Securities Exchange, and Alternext (Paris).
At Cerro de Pasco Resources, Mr. Goulet applies his seasoned experience to guide the company's flagship project: reprocessing historic tailings and advancing critical environmental remediation in the Cerro de Pasco district. His leadership fosters sustainable growth, environmental responsibility, and robust collaboration with local communities, government entities, and international development organizations.
Manuel Lizandro Rodriguez Mariategui Canny
Manuel Lizandro Rodriguez Mariategui Canny
Cerro de Pasco Resources Inc.
Manuel Rodriguez Mariategui is a highly respected Peruvian mining executive with more than 40 years of senior leadership experience across the metals and resource sectors. He currently serves as President and Director of Cerro de Pasco Resources Inc. (CDPR), where he leads the company’s strategic direction with a focus on sustainable development, environmental remediation, and stakeholder value creation.
Mr. Rodriguez Mariategui has an extensive track record in both corporate governance and operational leadership. He served for over a decade as Chairman of Austria Duvaz, one of Peru’s most historic mining operations, where he successfully modernized the company’s infrastructure and embedded long-term environmental sustainability into its core operations.
In addition to his role at CDPR, he is the CEO of Minera Valor, Executive Director of a prominent aquaculture enterprise, and President of the Investment & Risk Committee for Inversiones Don Lizandro—demonstrating a wide-ranging commitment to Peru’s industrial and environmental advancement.
At CDPR, Mr. Rodriguez Mariategui is driving forward the company’s flagship El Metalurgista project, which focuses on the reprocessing of legacy tailings in Cerro de Pasco. His leadership emphasizes operational excellence, environmental responsibility, and community engagement. He also serves as the company’s ESG and Community Engagement Director, leveraging his in-depth knowledge of the Peruvian mining landscape to ensure CDPR operates with transparency, inclusivity, and long-term impact.
Under his guidance, CDPR is redefining how historical mining assets can be transformed into engines of social and environmental regeneration.
Pyers Griffith
Pyers Griffith
Member of the Audit, Governance, and Compensation Committees
Cerro de Pasco Resources Inc.
Pyers Griffith is an Independent Director at Cerro de Pasco Resources Inc., providing extensive expertise in equity capital markets, corporate finance advisory, and direct investment. Until 2024, Mr. Griffith had served as the company's Chief Strategy Officer.
With a distinguished career in investment banking, Mr. Griffith played a pivotal role in pioneering equity research focused on Latin American equities during the 1990s, significantly contributing to renewed investment in the region. He has provided advisory services for major mining privatizations and concessions in Peru, demonstrating deep expertise in complex mining finance and regulatory frameworks.
As Managing Director of the Peru Privatization Fund, Mr. Griffith held board positions in several leading resource, energy and infrastructure-focused Peruvian corporations, significantly influencing their strategic direction, governance, and growth. His career includes senior roles at global institutions known for their mining corporate and project finance expertise, including Morgan Grenfell, Deutsche Bank, and HSBC. Early in his career, Mr. Griffith developed foundational finance experience in London at Kokusai Securities, Citicorp Scrimgeour Vickers, Merrill Lynch and James Capel.
Throughout his tenure, Mr. Griffith has consistently maintained a strategic investment focus on mining, resource, and energy sectors, leveraging his deep industry insights to identify opportunities and enhance corporate governance practices in mining enterprises.
John Carr, BEng (Chem), MBA
John Carr, BEng (Chem), MBA
Member – Audit & Compensation Committees
Cerro de Pasco Resources Inc.
John Carr is an Independent Director at Cerro de Pasco Resources Inc., bringing extensive experience in large-scale tailings reprocessing and sustainable mining operations. He co-founded New Century Resources, where he served as Chief Development Officer and led the $200 million reactivation of Australia's Century Zinc Mine. Under his leadership, the operation became a global top-15 zinc producer and Australia's largest tailings reprocessing facility, recognized internationally as a benchmark for sustainable circular mining.
In addition, Mr. Carr co-founded Future Element, a company specializing in developing commercial models for tailings reprocessing and mine rehabilitation, and Broken Hill Mines, which acquired the Rasp and Pinnacles zinc-lead-silver projects. He currently serves as a Non-Executive Director of ASX-listed Future Metals NL (ASX:FME).
Mr. Carr holds a Bachelor of Chemical Engineering from the University of Melbourne and an MBA. At CDPR, he applies his substantial expertise to guide strategic development initiatives focused on environmentally responsible and economically viable mining solutions.
Frank Hodgson
Frank Hodgson
Member – Governance & Compensation Committees
Cerro de Pasco Resources Inc.
Frank Hodgson brings over 30 years of accomplished leadership in development, investment, and corporate governance as a long-standing Independent Director at Cerro de Pasco Resources Inc. His career began in the 1980s during London’s Docklands boom and led him to launch the landmark Swale Project in Kent—a major residential and infrastructure initiative executed in partnership with Bovis, Medway Port Authority, Bowater, and UK Paper, collaborating closely with the UK Government on regional transport improvements.
Mr. Hodgson’s strategic insight into government relations and multi-stakeholder coordination has informed his governance expertise, which he now applies at CDPR through his roles on the Governance and Compensation Committees. He also oversees the company’s whistle-blowing and ethics reporting framework, ensuring rigorous oversight, transparency, and accountability across CDPR’s operations.
René Branchaud, LL.B
René Branchaud, LL.B
Member – Governance Committee
Cerro de Pasco Resources Inc.
René Branchaud serves as Corporate Secretary and Independent Director at Cerro de Pasco Resources Inc., offering extensive expertise in corporate and securities law with a specialized focus on mining and natural resources governance. A distinguished partner at the law firm Lavery, de Billy LLP in Montréal, Mr. Branchaud provides counsel to national and international mining companies on mergers and acquisitions, financings, joint ventures, and corporate structuring.
Widely recognized for his excellence in mining law, Mr. Branchaud has been honored by Chambers Global as a leading lawyer in Mining Law and Energy & Natural Resources. He was named "Lawyer of the Year" in Mining Law by Best Lawyers Canada in 2018. His considerable experience includes advising on complex cross-border transactions and mining financings, both within Québec and internationally.
Mr. Branchaud currently holds positions as Secretary or Director for numerous mining companies, including Dynacor Group, Midland Exploration, Morocco Strategic Minerals and Abcourt Mines. Through his role on CDPR’s Governance Committee, Mr. Branchaud ensures adherence to robust legal and ESG standards, reinforcing responsible financing practices and regulatory compliance in the mining sector.

Corporate Directory
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Montreal (Quebec) H3B 4M4
Canada
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1200 – 609 Granville Street
P.O. Box 10372, Pacific Centre
Vancouver, BC V7Y 1G6
Canada
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Montreal (Quebec) H3A 3S8
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Corporate Governance
The Company’s Commitments to Internationally-Accepted Industry Practices for Environmental, Community, Safety, Anti-Corruption, and Corporate Social Responsibility (CSR) Matters
Cerro de Pasco’s key focus is the environmental remediation through the extraction of remaining valuable minerals from the tailings and stockpiles generated by previous local mining activities. CDPR endorses and conducts responsible mining practices. CDPR will utilize the latest proven technology and industrial development solutions to secure long-term economic sustainability and a healthy and prosperous local population at Cerro de Pasco.
The Company clearly recognizes that the communities and the environments in which it operates are inter-dependent and that it could be held accountable for any effects and potential consequences. The proper management of these inter-connecting activities is essential to the CDPR's economic well-being of CDPR. Therefore, CDPR is totally committed to having the best available programs for the protection first-rate programs for: protection of the environment; providing safe workplaces for its employees and contractors; responsibly and ethically managing our relationships with Project stakeholders and the local communities where it operates; and, ensuring that CDPR readily accepts and promotes itself as following the principles of corporate responsibility.
CDPR has a rigorous commitment to ESG, anti-bribery & corruption, sound environmental practices, safe working conditions for our employees, and positive community involvement in its Projects. To that end, CDPR has strong, formal policies on these matters, which conform to widely accepted international standards, that have been formally adopted by the CDPR Board.
CDPR’s development of the Cerro de Pasco Project will be guided by core principles and strategic goals. As such, CDPR will be driven by the Principles of Performance (listed below) of the International Council on Mining and Metals (ICMM), a well-respected international organization dedicated to a safe and healthy, fair, and sustainable mining and metals industry. The ICMM is comprised of 26 of the world’s leading mining and metals companies and 35 regional and commodities associations.
- Apply ethical business practices and sound systems of corporate governance and transparency to support sustainable development;
- Integrate sustainable development in corporate strategy and decision-making processes;
- Respect human rights and the interests, cultures, customs and values of employees and communities affected by our activities;
- Implement effective risk-management strategies and systems based on sound science and which account for stakeholder perceptions of risks;
- Pursue continual improvement in health and safety performance with the ultimate goal of zero harm;
- Pursue continual improvement in environmental performance issues, such as water stewardship, energy use and climate change;
- Contribute to the conservation of biodiversity and integrated approaches to land-use planning;
- Facilitate and support the knowledge-base and systems for responsible design, use, re-use, recycling and disposal of products containing metals and minerals;
- Pursue continual improvement in social performance and contribute to the social, economic and institutional development of host countries and communities; and
- Proactively engage key stakeholders on sustainable development challenges and opportunities in an open and transparent manner. Effectively report and independently verify progress and performance.
The CDRP Corporate Social Responsibility and Environmental & Safety Policies is comprised of 4 separate policies
- Corporate Social Responsibility Policy
- Environmental Policy
- Social and Community Affairs Policy
- Safety and Health Policy
The Company adopted a Code of Business Conduct and Ethics embodies our commitment to conduct our business according to the highest ethical standards.
CDPR success is built on a commitment to high standards of corporate governance, business conduct, and professional integrity. We conduct our business around the world in an ethical, honest and accountable manner and in accordance with applicable laws, rules and regulations. We value, and are committed to, transparency in our business practices, consistent with good commercial confidentiality. Our company is committed to the principles of Responsible Mining.
The CDPR Corporate Code of Business Conduct and Ethics outlines our obligations regarding: business integrity, labor practices, security, human rights, transparency, public disclosure, cultural heritage, avoiding conflicts of interest, avoiding insider trading, anti-fraud, and anti- corruption & anti-bribery, among others.
The Company’s Anti-Bribery and Anti-Corruption Policy embodies the commitment for all Company directors, officers, and employees to act with integrity and in compliance when interacting with government officials, business partners, third parties and community stakeholders.
The Company has established an Insider Trading Policy to prevent improper trading in securities of the Company. This policy is also intended to ensure that the directors, officers, employees and consultants of the Company act, and are perceived to act, in accordance with applicable laws and the highest standards of ethical and business conduct. This policy supplements, and does not replace, applicable securities laws in respect of insider trading.
The Company has established an ESTMA Policy to provide guidance and procedures to ensure that Company and all of its subsidiaries comply with the reporting requirements of the Extractive Sector Transparency Measures Act (“ESTMA” or the “Act”).

Qualified Person
Alfonso Palacio Castilla, MIMMM/Chartered Engineer (CEng) and Senior Project Manager for CDPR, is the Qualified Person for the purposes of National Instrument 43-101. Mr. Palacio is a Qualified Person and is responsible for ensuring that the technical information contained in this website is accurate.
Forward Looking Statements
Certain information contained in this website may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified using forward-looking terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including the expectations of CDPR’s management regarding the completion of any transaction as well as the business and the expansion and growth of CDPR’s operations, are based on CDPR’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 CDPR to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Forward looking statements are subject to business and economic factors and uncertainties and other factors, such as Covid-19, that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risk factors set out in CDPR’s public documents, available on SEDAR+ at sedarplus.ca. 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. Although CDPR believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements and forward looking information. Except where required by applicable law, CDPR disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.