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 reserve 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 |
