Bear Creek Mining Stock Price, News & Analysis

Bear Creek Mining (OTCQX: BCEKF) drew US$1.2 million on October 8, 2025 under the secured 2025 Sandstorm Note, bringing total draws to US$5.4 million of a US$6.5 million facility.

The note carries 7% interest, matures on September 22, 2028, allows up to US$600,000 monthly draws, and remaining draws of up to US$1.1 million require Sandstorm approval. Interest payments from June–November 2025 are deferred until December 31, 2025. The Draw is for general working capital.

As of June 30, 2025 the company reported a working capital deficiency of US$91.7 million and stated material uncertainty about its ability to continue as a going concern.

Bear Creek Mining (OTCQX:BCEKF) reported Q2 2025 financial results, with significant operational challenges at its Mercedes mine. The company produced 7,973 oz of gold and 33,932 oz of silver during Q2, with revenue of $27.8 million and a comprehensive loss of $11.7 million.

Key developments include the termination of an underperforming mining contractor, deferral of debt interest payments to December 2025, and issuance of a $6.5 million secured promissory note to Sandstorm. The company faces significant financial challenges with a $92.7 million working capital deficiency and has expressed material uncertainty about its ability to continue as a going concern.

The company continues its strategic review process to explore financial options and enhance value, while implementing a recovery plan to address development deficits at the Mercedes mine.

Bear Creek Mining (OTCQX: BCEKF) has drawn down US$0.6 million from its 2025 Sandstorm Note on August 1, 2025. This is part of a secured promissory note with a maximum principal of US$6.5 million, allowing monthly drawdowns up to US$600,000. To date, US$4.2 million has been drawn, leaving US$2.3 million available subject to Sandstorm's approval.

The note carries a 7% annual interest rate and matures on September 22, 2028, with interest payments from June to November 2025 deferred until December 31, 2025. The company also announced the departure of Eduardo Flores, Senior VP of Business Development.

Notably, Bear Creek faces significant financial challenges, with a working capital deficiency of US$93.2 million as of Q4 2024, raising material uncertainty about its ability to continue as a going concern.

Bear Creek Mining (OTCQX: BCEKF) reported Q2 2025 production results from its Mercedes Mine, producing 7,973 ounces of gold and 33,932 ounces of silver. The quarter saw operational challenges due to contractor underperformance at the Marianas deposit, leading to the termination of the mining services agreement in May 2025.

The company drew down US$2.4 million from a Sandstorm Gold secured promissory note on July 14, 2025, bringing total drawdowns to US$3.6 million of the maximum US$6.5 million facility. The note bears a 7% annual interest rate with maturity in September 2028.

Notably, the company faces significant financial challenges with a working capital deficiency of US$93.2 million as of December 31, 2024, raising material uncertainty about its ability to continue as a going concern.

Bear Creek Mining Corporation held its Annual General Meeting (AGM) on June 5, 2025, in Vancouver, where shareholders approved all proposed matters. The meeting resulted in the re-election of five directors and the election of two new directors, Peter Mitchell and Ian Grundy. Shareholders also approved the company's 10% Rolling Stock Option Plan and reappointed PricewaterhouseCoopers LLP as auditors. Following the AGM, the Board appointed key officers including Catherine McLeod-Seltzer as Chair and Eric Caba as President and CEO. The Board also established its standing committees for the year, including Audit, Compensation, Nominating and Corporate Governance, and Operating, Safety and Sustainability Committees.

Bear Creek Mining (BCEKF) reported Q1 2025 financial results with significant operational challenges. The company produced 8,262 oz of gold and 36,466 oz of silver at its Mercedes mine. Financial results showed revenue of $23.7 million but a comprehensive loss of $13.3 million. The company faces liquidity concerns with a working capital deficiency of $88.2 million. Key developments include completing a $10 million private placement, deferring debt payments to December 2025, and initiating a strategic review process. Production challenges were mainly due to contractor underperformance in narrow vein mining. The company's cash costs were $2,066 per gold ounce with AISC at $2,646.

Bear Creek Mining (OTCQX: BCEKF) has announced two significant developments. First, the company appointed Eduardo Flores as Senior Vice President of Business Development, bringing over 30 years of mining industry experience from companies like Antofagasta, Barrick, and Kinross. Second, the company has drawn down US$1.2 million from its 2025 Sandstorm Note, which has a maximum principal amount of US$6.5 million.

The Sandstorm Note bears a 7% annual interest rate, matures on September 22, 2028, and allows monthly drawdowns up to US$600,000. Interest payments from June to November 2025 are deferred until December 31, 2025. The company plans to seek TSX Venture Exchange approval for a conversion right at C$0.73 per common share, with Sandstorm's ownership restricted to 19.99% on a non-diluted basis.

Bear Creek Mining (BCEKF) has issued a secured promissory note to Sandstorm Gold Ltd. for up to US$6.5 million. The note features monthly drawdowns of up to US$600,000 for working capital, with a 7% annual interest rate and maturity on September 22, 2028. Monthly interest payments of approximately $40,000 will begin June 30, 2025, with interest from June to November 2025 deferred until December 31, 2025. The company plans to service the debt using revenue from its Mercedes Mine in Mexico. The note includes potential conversion rights at C$0.73 per share, pending TSXV approval, with Sandstorm's ownership capped at 19.99%. The loan is secured by first-ranking interests in various company assets, including shares in subsidiaries operating the Mercedes mine and Corani project.

Bear Creek Mining (BCEKF) reported challenging Q1 2025 results from its Mercedes Mine, producing 8,262 ounces of gold and 36,466 ounces of silver. The company faced significant delays in transitioning to Marianas and Rey de Oro deposits due to contractor underperformance. The mine compensated by accelerating pillar removal from San Martin and mining additional material from the lower-grade Diluvio deposit, resulting in diminished gold grades and production. During Q1, the mine processed 105,611 tonnes of ore with a gold grade of 2.56 gpt and 95% recovery rate. Additionally, Bear Creek announced it would not proceed with the Preliminary Economic Assessment of the Corani Oxides opportunity at this time, citing the need for additional analysis while undergoing a Strategic Review process.