BEAR CREEK MINING CORP - BCEKF STOCK NEWS

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Bear Creek Mining Corp (BCEKF) is a Vancouver-based company engaged in gold and silver mining operations. The company's flagship asset, the Mercedes Mine located in Sonora, Mexico, has shown remarkable progress in recent months. In Q1 2024, Bear Creek produced 12,228 ounces of gold and 44,040 ounces of silver, showcasing a substantial increase in gold grades compared to 2023. The company's President and CEO, Eric Caba, has expressed optimism about the ongoing development at Mercedes, highlighting significant improvements in grade and production efficiency. Recent debt and stream restructuring agreements with Sandstorm Gold Ltd. have further bolstered Bear Creek's financial standing, paving the way for sustained growth and value creation. With a focus on operational enhancements, exploration activities, and community support initiatives, Bear Creek Mining Corp continues to solidify its position in the mining industry.

04/30/2024 07:45 AM

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Bear Creek Mining Reports 2023 Year End Financial and Operating Results

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Bear Creek Mining reports its 2023 year-end financial and operating results, highlighting the challenges faced and the improvements made at the Mercedes gold mine. The company restructured debt and stream obligations to enhance financial viability, with key achievements including operational enhancements, production milestones, and financial restructuring. Despite initial difficulties, the company is optimistic about future outcomes at Mercedes and ongoing initiatives at the Corani project in Peru.

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04/17/2024 07:45 AM

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Bear Creek Mining Announces Q1 2024 Mercedes Production of 12,228 Ounces of Gold

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Bear Creek Mining announces the production of 12,228 ounces of gold and 44,040 ounces of silver from the Mercedes Mine in Q1 2024. The average gold grade processed was 33% higher than the 2023 full-year average, leading to reduced costs and increased production. Development at the mine has shown significant progress, with improvements in gold grades, development meters, and operational practices. The Company has successfully reduced its gold and silver stream obligations, which is expected to positively impact free cash flow. Overall, Bear Creek Mining is optimistic about the future of the Mercedes Mine despite ongoing challenges.

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03/19/2024 08:19 AM

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Bear Creek Mining Announces Drawdown of Funds Under Sandstorm Promissory Note and Grant of Options

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Bear Creek Mining (TSXV: BCM) draws US$750,000 under the Sandstorm Promissory Note for exploration work and working capital. Additionally, 500,000 stock options are granted to the new CFO at a strike price of Cdn $0.245 per share.

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02/22/2024 08:30 AM

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Bear Creek Mining Announces Appointment of Zoya Shashkova as CFO

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Bear Creek Mining Corporation appoints Ms. Zoya Shashkova as Chief Financial Officer, bringing her expertise to drive financial strategies and growth.

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02/20/2024 07:30 AM

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Bear Creek Mining Announces Resignation of CFO and Identification of Successor

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Bear Creek Mining Corporation announces the resignation of CFO Fernando Ragone, effective March 8, 2024, and the appointment of a new highly qualified CFO successor. The company is set to reveal further details soon.

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01/22/2024 04:51 PM

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Bear Creek Mining Closes Restructuring Transaction with Sandstorm to Improve Near Term Cash Flow

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Bear Creek Mining Corporation (BCEKF) has announced the successful completion of a restructuring transaction with Sandstorm Gold Ltd., significantly reducing monthly stream obligations and extending the maturity date of its debt to 5 years. The transaction is expected to improve the company's ability to produce free cash flow in the near term from the Mercedes mines, reducing gold stream deliveries and suspending silver stream delivery obligations until April 2028. The company also issued consideration shares to Sandstorm and amended the terms of its convertible debenture and promissory note. Sandstorm's ownership interest in the company has increased to approximately 19.99%.

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01/16/2024 08:30 AM

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Bear Creek Mining Announces Q4 2023 Mercedes Gold Production of 13,478 Ounces; a 47% Increase over Previous Quarter

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Bear Creek Mining Corporation (BCEKF) announces that it produced 13,478 ounces of gold and 52,144 ounces of silver from the Mercedes Mine during Q4 2023, totaling 43,860 ounces of gold and 167,019 ounces of silver for 2023. The company's production is at the high end of its guidance, with a 47% increase in gold production in Q4 compared to Q3 2023. The gold and silver stream burdens have been reduced, expected to positively impact the company's free cash flow. However, challenges in controlling dilution and optimizing grade have been encountered at the Marianas deposit. The company expects the stream reductions to positively impact its free cash flow.

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01/04/2024 08:30 AM

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Bear Creek Mining Announces Grant of Options

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Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) Announces Grant of Stock Options to CFO

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12/19/2023 08:33 AM

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Bear Creek Mining Announces Officer and Director Changes

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Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) announces the appointment of Mr. Fernando Ragone as Chief Financial Officer. Mr. Ragone brings 28 years of mining finance experience and has led multi-component financing transactions raising over $3.5 billion. He is expected to play a key role in establishing the Mercedes gold mine as a consistent free cash flow-generating operation and in coordinating project financing for the Corani mine in Peru.

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11/30/2023 08:21 AM

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Bear Creek Mining Announces Grant of Options

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Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) authorizes 900,000 stock options for new directors and COO

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FAQ

What is the current stock price of BEAR CREEK MINING (BCEKF)?

The current stock price of BEAR CREEK MINING (BCEKF) is $0.35 as of October 15, 2024.

What is the market cap of BEAR CREEK MINING (BCEKF)?

The market cap of BEAR CREEK MINING (BCEKF) is approximately 111.5M.

Where is Bear Creek Mining Corp headquartered?

Bear Creek Mining Corp is headquartered in Vancouver, British Columbia.

What is the primary focus of Bear Creek Mining Corp's operations?

Bear Creek Mining Corp is primarily focused on gold and silver mining, with its flagship asset, the Mercedes Mine located in Sonora, Mexico.

Who is the President and CEO of Bear Creek Mining Corp?

Eric Caba is the President and CEO of Bear Creek Mining Corp.

What were Bear Creek Mining Corp's production results in Q1 2024?

In Q1 2024, Bear Creek produced 12,228 ounces of gold and 44,040 ounces of silver from the Mercedes Mine.

What recent agreements has Bear Creek Mining Corp entered into?

Bear Creek Mining Corp recently completed debt and stream restructuring agreements with Sandstorm Gold Ltd.

What are some of the key milestones achieved by Bear Creek Mining Corp?

Bear Creek Mining Corp showcased improvements in gold grades, production efficiency, and financial standing, reflecting a positive outlook for future growth and value creation.

What are the future plans of Bear Creek Mining Corp?

Bear Creek Mining Corp plans to focus on operational enhancements, exploration activities, and community support initiatives to strengthen its position in the mining industry.