Bear Creek Mining Corp. is very pleased to provide results from underground definition and delineation drilling at its Mercedes gold mine in Sonora, Mexico. The Company has focused drilling on the Marianas, Rey de Oro, Diluvio and Lupita deposits, all of which are associated with near-term production; however, the results also hold significant implications for exploration upside. Highlights* include: Table 1: Highlighted [...]
Bear Creek Mining Corp. reports its interim consolidated financial results for the three and six months ended June 30, 2023 . Monetary amounts in this news release are in United States dollars unless otherwise stated. This news release should be read in conjunction with the Company's interim consolidated financial statements and management discussion and analysis for the three and six months ended June 30, 2023, which are [...]
Bear Creek Mining Corp. is pleased to announce the closing of its previously announced non-brokered private placement financing to raise an aggregate of approximately C$8.2 million . A total of 16,725,000 common shares were sold at a price of C$0.49 per Share. The Company plans to use the net proceeds of the Offering for exploration and production improvements at the Mercedes gold mine located in Sonora, Mexico and for [...]
Bear Creek Mining Corp. announces it produced 9,199 ounces of gold and 39,841 ounces of silver from the Mercedes Mine during the three months ended June 30, 2023 . Eric Caba, President and CEO of Bear Creek, states, "As previously reported, delays in development work experienced during the first quarter of 2023 impacted Mercedes' operations during Q2 2023. This primarily manifested itself in lower grades available to [...]
Bear Creek Mining Corp. is pleased to announce that it plans to conduct a non-brokered private placement of 16,725,000 common shares of Bear Creek at a price of C$0.49 per Share to raise gross proceeds of approximately C$8.2 million . The net proceeds of the Offering will be used for exploration and production improvements at the Mercedes gold mine located in Sonora, Mexico and for general corporate purposes. The Offering [...]
Bear Creek Mining Corp. is pleased to announce that it has executed documentation with Equinox Gold Corp. to defer a US$26 million current liability by issuing a five year convertible promissory note . Payment of the Note will satisfy the final purchase price installment for the Mercedes Gold Mine in Sonora, Mexico . Eric Caba, President and CEO of Bear Creek Mining states, "Finalizing the Deferred Payment agreement [...]
Bear Creek Mining Corp. announces that its Board of Directors authorized and approved, and today granted, 450,000 incentive stock options to Mr. Eric Caba pursuant to the Company's incentive stock option plan . Mr. Caba was promoted to the position of President and Chief Executive Officer on June 5, 2023. The Stock Options will vest periodically in accordance with the 2022 Plan and may be exercised on or before June 26 [...]
Bear Creek Mining Corp. is pleased to announce the results of the Company's Annual General Meeting that took place in Vancouver, BC on June 5, 2023. Shareholders voted in favour of all matters of business described in the Company's Information Circular dated April 17, 2023 and put before the meeting, including the election of Eric Caba and the re-election of Catherine McLeod-Seltzer, Anthony Hawkshaw, Andrew Swarthout [...]
Bear Creek Mining Corp. reports its interim consolidated financial results for the three months ended March 31, 2023 . Monetary amounts in this news release are in United States dollars unless otherwise stated. This news release should be read in conjunction with the Company's interim consolidated financial statements and management discussion and analysis for the three months ended March 31, 2023, which are available on [...]
Bear Creek Mining Corp. is pleased to announce that it has executed a non-binding indicative term sheet with a wholly-owned subsidiary of Equinox Gold Corp. to refinance US$25.8 million in near-term payment obligations into a convertible debenture with a five-year term to maturity . The Convertible Debenture will be used to extend, over a five-year period, payment of the final US$25 million purchase price installment for [...]
Bear Creek Mining Corp. announces that Sandstorm Gold Ltd. has advanced Bear Creek an additional US$5 million pursuant to an amendment to the gold purchase agreement between the two parties originally dated December 17, 2022 . Proceeds from the additional stream advance will be used to accelerate access to certain higher-grade areas of the Mercedes mine and for general working capital purposes. The Gold Purchase Agreement [...]
Bear Creek Mining Corp. announces that Mr. Anthony Hawkshaw informed the Company's board of directors of his intent to retire from the position of Chief Executive Officer of the Company effective June 5, 2023. Subsequently the Board, through its succession planning process, selected Mr. Eric Caba, President and Chief Operating Officer of Bear Creek to assume the role of President and CEO concurrent with Mr. Hawkshaw's [...]
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