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 [...]
Bear Creek Mining Corp. announces production results for the three months ended September 30, 2022 , representing the Company's first full quarter of production from the Mercedes Gold Mine in Sonora, Mexico. Production Highlights: 148,211 tonnes of ore processed during Q3 2022, representing an average of 1,611 tonnes per day 11,169 ounces of gold produced during Q3 2022; a 14.9% increase in Mercedes production year over [...]
Bear Creek Mining Corp. announces that further to its news release of September 6, 2022, the Company has received TSX Venture Exchange approval for its shares for services agreement with Unison Mining Consulting Pte. Ltd. . For services completed by September 2, 2022 amounting to US$ 318,750, Bear Creek issued Unison 555,083 common shares in the Company. As previously announced, up to US$ 850,000 of work completed by [...]
Bear Creek Mining Corp. is pleased to announce that it has engaged Unison Mining Consulting Pte. Ltd. to design and Renoir Management Corporation to implement a 32-week performance improvement program at the Company's Mercedes gold mine in Sonora, Mexico. The program will cost US$ 2.15 M and will be completed in January 2023. The planned improvements are to re-open closed mining areas to achieve production rates of over [...]
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