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Bear Creek Mining Corporation - $BCEKF STOCK NEWS

Welcome to our dedicated page for Bear Creek Mining Corporation news (Ticker: $BCEKF), a resource for investors and traders seeking the latest updates and insights on Bear Creek Mining Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bear Creek Mining Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Bear Creek Mining provides update on convertible promissory note and closes demand loan
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Bear Creek Mining Corporation announces that Mr. Anthony Hawkshaw has taken a medical leave of absence from the Board due to health challenges.
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-3.03%
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Bear Creek Mining Corporation announces retirement of Mr. Erfan Kazemi from the Company's board of directors.
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Bear Creek Mining provides results from underground drilling at Mercedes gold mine in Mexico, with significant intercepts showing higher gold grades than currently defined resources. The results suggest potential for increased mining grades and exploration upside. Additional surface drilling planned in the coming months.
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2.94%
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Bear Creek Mining reports Q2 2023 financial results, with a 23% reduction in mining costs per tonne of ore mined. However, lower than planned grades have negatively affected cash cost and AISC per ounce. The company's 2023 annual production guidance is being revised to 45,000 - 55,000 ounces gold production. Bear Creek has made improvements to its financial liquidity by restructuring debt and streaming obligations. The Mercedes Mine had no lost time incidents or reportable environmental incidents during Q2 2023. The Company expects mining costs per tonne of ore mined to fall by another $3 to $5 by the end of 2023. Exploration drilling in the Marianas workings has shown encouraging results, indicating strong potential for additional ore. The Company recorded a comprehensive net loss of $7.6 million for Q2 2023. The Company held cash and cash equivalents of $5.0 million on June 30, 2023. Bear Creek closed a non-brokered private placement financing for gross proceeds of approximately C$8.2 million.
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-2.86%
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Bear Creek Mining Corporation has closed its non-brokered private placement financing, raising approximately C$8.2 million. The company plans to use the funds for exploration and production improvements at its Mercedes gold mine in Mexico.
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Bear Creek Mining Corporation announces production and development results for Q2 2023. The company produced 9,199 ounces of gold and 39,841 ounces of silver from the Mercedes Mine. Delays in development work during Q1 2023 impacted operations, but changes in mining methods have already reduced costs by up to 20%. The increase in development meters by 30% and contributions from the higher-grade San Martin deposit set the company up for increased production and cash flow.
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-2.27%
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5.71%
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-2.33%
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Bear Creek Mining Corporation

OTC:BCEKF

BCEKF Rankings

BCEKF Stock Data

57.77M
102.05M
32.78%
21.3%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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