Bear Creek Mining Corp. reports its annual consolidated financial results for the year ended December 31, 2022 . Monetary amounts in this news release are in United States dollars unless otherwise stated. The Company will host a conference call at 12:00 pm Eastern time today. The call-in details are below. From April 21, 2022, the date the Company acquired the Mercedes Gold/Silver Mine , until December 31, 2022, 34,628 [...]
Bear Creek Mining Corp. announces it produced 12,025 ounces of gold and 40,105 ounces of silver from the Mercedes Mine during the three months ended March 31, 2023 . Gold production during Q1 2023 was at roughly the midpoint of guidance provided by the Company in its news release dated February 24, 2023 . Eric Caba, President and COO of Bear Creek states, "We are pleased that Q1 2023 production from Mercedes is in [...]
Bear Creek Mining Corp. is pleased to announce that, further to its news release dated October 26, 2022, it has revised the terms of the heads of agreement with Equinox Gold Corp. to amortize over a two-year period payment of the final US$25 million purchase price installment for the Mercedes Gold Mine in Sonora, Mexico. Pursuant to the agreement to acquire Mercedes, the Deferred Payment, as previously amended, was due to [...]
Bear Creek Mining Corp. announces production guidance for its Mercedes Gold Mine in Sonora Mexico of 65,000 to 75,000 ounces of gold during 2023. Average cash cost per gold ounce is expected to be in the range of $830 - $940 with All in Sustaining Cost between $1,120 and $1,290 per gold ounce. Operations Bear Creek continues to work on realizing the potential of the Mercedes mine. The Mercedes operations improvement [...]
2023 Drilling Program Announced Bear Creek Mining Corp. is pleased to announce the results of recent drilling from the Marianas and Rey de Oro deposits at the Mercedes gold mine in Sonora, Mexico. The results highlighted below demonstrate the continuation of gold and silver mineralization at both Marianas and Rey de Oro outside of the currently estimated mineral resources and mineral reserves and provide the basis for an [...]
Bear Creek Mining Corp. announces it produced 13,710 ounces of gold and 40,222 ounces of silver from the Mercedes Mine during the three months ended December 31, 2022 and discovered a new high-grade gold vein at the Marianas zone. Highlights: 13,710 ounces of gold produced during Q4 2022; a 23% increase in Mercedes production compared to Q3 2022 New high-grade vein discovered by underground drilling in Marianas zone with [...]
Bear Creek Mining Corp. announces that, subject to TSX Venture Exchange approval, the Company will issue 164,241 common shares at a deemed price of $0.88 per share to Unison Mining Consulting Pte. Ltd. for work on the Mercedes Gold Mine operational improvement program completed as of December 23, 2022. Details regarding the ongoing Mercedes improvement program, and the terms of the Unison engagement agreement, are [...]
Bear Creek Mining Corp. announces that its Board of Directors has authorized and approved the grant of 3,750,000 stock options under its stock option plan to certain directors, officers and employees of Bear Creek. The Stock Options are subject to vesting provisions in accordance with the Stock Option Plan and are exerciseable on or before December 15, 2032 at the strike price of Cdn $0.69 per share. In recognition of the [...]
Bear Creek Mining Corp. is pleased to report its interim consolidated financial and operating results for the quarter ended September 30, 2022 . Monetary amounts in this news release are in US dollars unless otherwise stated. The Company will host a conference call at 11:00 am Eastern time today, accessible via the call-in details below Comments and Outlook Anthony Hawkshaw, CEO, commented that "Since acquiring Mercedes [...]
Bear Creek Mining Corp. announces that, subject to TSX Venture Exchange approval, the Company will issue 361,648 common shares at a deemed price of $0.40 per share to Unison Mining Consulting Pte. Ltd. for work on the Mercedes Gold Mine operational improvement program completed as of October 28, 2022. Details regarding the ongoing Mercedes improvement program, and the terms of the Unison engagement agreement, are provided [...]
Now Amortized Over Two Years and Paid out of Mercedes' Cash Flow Bear Creek Mining Corp. announces that it has reached a Heads of Agreement with Equinox Gold Corp. to amortize over a two-year period the payment of the final $25 million purchase price installment for the Mercedes Gold Mine in Sonora, Mexico. Pursuant to the agreement to acquire Mercedes, this payment, as previously amended, was due to be made on October [...]
Bear Creek Mining Corp. announces that an extension and waiver has been granted to the Company by Equinox Gold Corp. revising the due date of the US$ 25 million payment in respect of the Company's acquisition of the Mercedes Gold Mine in Sonora, Mexico. The Deferred Payment, originally due on October 21, 2022, is now due on or before October 26, 2022. Bear Creek is negotiating with Equinox Gold to revise the terms of the [...]