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Bear Creek Mining is advancing two silver projects in Peru. Its flagship project, Corani, has world class potential, based on a recently completed a positive prefeasibility study. The project has an outlined reserves of 258 MMoz silver plus base metals. It has also completed a feasibility study on its second major asset, Santa Ana, which hosts 63 MMoz in reserves and an additional 101 MMoz in resource. In total, the Company has outlined a mineral inventory of over 530 MMoz of silver, with the potential to produce 15–20 MMoz of silver per year. Management has extensive experience in exploration, development and mining in Peru and continues to aggressively move these projects toward production. Bear Creek has over $150MM in cash to bring Santa Ana into production. Santa Ana should begin production in Q2/12 with annual production of 4.1Moz of silver at US$8.02/oz. The feasibility study outlined annual production of 4Moz over an 11.2-year mine life Corani production is forecast to start in Q2/14, ramping up to annual production of 8.5Moz of silver, 22kt of zinc and 47kt of lead at co-product cash costs of US$7.20/oz of silver. bearcreekmining.com Issued & Outstanding: 90,400,139 share Fully Diluted: 94,164,639 shares US OTC symbol: BCEKF TSX: BCM | ||||||||||||||
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