Welcome to our dedicated page for Bear Creek Mining news (Ticker: BCEKF), a resource for investors and traders seeking the latest updates and insights on Bear Creek Mining stock.
Bear Creek Mining Corporation (OTCQX: BCEKF; TSXV: BCM; BVL: BCM) generates frequent news related to its precious metals operations, project development activities, financing arrangements and corporate transactions. Investors following BCEKF news can see updates on the company’s Mercedes gold-silver mine in Sonora, Mexico, and its Corani silver project in Puno, Peru, which Bear Creek describes as one of the largest fully permitted primary silver deposits in the world.
Recent news releases highlight operating performance and production results from the Mercedes Mine, including quarterly gold and silver output, mining and processing metrics, development progress and ventilation projects at key deposits such as Marianas. These updates often discuss the impact of contractor performance, mine development plans and recovery strategies on production levels and operating costs.
Another major theme in Bear Creek’s news flow is corporate strategy and transactions. The company has reported on a formal Strategic Review process, a definitive arrangement agreement with Highlander Silver Corp. to combine the two companies by way of a plan of arrangement, and an amended and restated arrangement agreement adjusting approval requirements. Related announcements cover a C$18 million private placement by Highlander Silver into Bear Creek and detailed terms of the proposed share exchange and post-transaction ownership structure.
Bear Creek’s news also covers financing and debt management, including the issuance and drawdowns under the 2025 Sandstorm Note, interest deferral agreements with Sandstorm Gold Ltd. and Equinox Gold Corp., and debt settlement arrangements tied to the planned transaction with Highlander Silver. Additional releases describe asset-level decisions such as the monetization of the non-core Tassa Project in Peru through a staged sale and royalty agreement.
For readers tracking BCEKF, this news stream provides insight into operational performance, project advancement, liquidity measures and the progress of the proposed combination with Highlander Silver.
Bear Creek Mining has announced the approval of 1,362,500 stock options and 1,622,500 Restricted Share Units (RSUs) to its directors, officers, and employees. These grants are part of the company's Stock Option Plan and Long Term Incentive Plan (LTIP), respectively. The stock options are exercisable by June 26, 2034, at a price of Cdn $0.35 per share.
Bear Creek Mining (TSXV: BCM, OTCQX: BCEKF) announced the outcomes of its Annual General Meeting (AGM) held on June 6, 2024, in Vancouver, BC. Shareholders voted in favor of all proposed business matters, including the election of Susan Toews and Sandra Daycock, and the re-election of Catherine McLeod-Seltzer, Eric Caba, Andrew Swarthout, Kevin Morano, and Alan Hair as directors. Alfredo Bullard did not stand for re-election.
Shareholders also approved the 10% Rolling Stock Option Plan (2022 Plan) and re-appointed PricewaterhouseCoopers LLP as auditors. Post-AGM, the board appointed Catherine McLeod-Seltzer as Chair, Eric Caba as President and CEO, Zoya Shashkova as CFO, Brian Peer as COO, Barbara Henderson as VP Corporate Communications, and Eduard Roux as VP Project Development. Standing committees for the upcoming year were also constituted.
Bear Creek Mining (TSXV: BCM, OTCQX: BCEKF, BVL: BCM) released its Q1 2024 financial and operational results. The company, mainly operating the Mercedes gold mine in Mexico, produced 12,228 ounces of gold and 44,040 ounces of silver. The Mercedes mine sold 12,679 ounces of gold, achieving a cash cost of $1,183 per ounce and an all-in-sustaining cost (AISC) of $1,588 per ounce. Revenue for Q1 2024 was $27.5 million, up from $24.3 million in Q1 2023. However, the company reported a comprehensive net loss of $17.3 million, driven by an $8.3 million non-cash charge related to a restructuring agreement with Sandstorm Gold.
The restructuring reduced monthly gold and silver deliverables but increased cash payments. The Mercedes mine's development saw 2,781 meters of advancement. Bear Creek also continued its geometallurgical test program at the Corani Project in Peru, with results expected in Q2 or Q3 2024. Despite the progress, Bear Creek did not provide 2024 production guidance for Mercedes due to expected production variability.
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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