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Bunker Hill Mining Corp. reports developments tied to the restart and redevelopment of the historic Bunker Hill Mine in northern Idaho’s Coeur d’Alene mining district. Company news centers on zinc, lead and silver project progress, underground mine planning, commissioning work, exploration drilling, processing and filter-plant readiness, and environmental practices for mine operations, water quality and tailings management.
Recurring updates also cover capital structure actions, equity compensation, debt-interest share issuances, exchange listing status, and board or finance-team changes as the company advances a single-asset critical-metals strategy in Idaho’s Silver Valley.
Bunker Hill Mining Corp. (OTCQB: BHLL) announced significant progress in its restart project for the Pend Oreille site. Demolition activities concluded ahead of schedule and under budget, marking the completion of initial site preparations. The procurement process for a new mill building is underway, coupled with ongoing geotechnical drilling for foundations. Additionally, underground development continues, with steady progress on the decline to the '6 Level'. The company aims to ensure readiness for the next phases of construction and development.
Bunker Hill Mining Corp. has filed an independent Preliminary Feasibility Study (PFS) for the Bunker Hill Mine in Idaho. The report, dated September 30, 2022, shows no material differences from previous results. The company secured a $5 million payment bond to improve liquidity by $3 million, reducing collateral for the US EPA. A $60,000 water management contract was awarded to MineWater LLC, along with 1,599,150 Restricted Share Units. The company aims to restart mining operations under new Idaho-based leadership with a focus on precious metals.
Bunker Hill Mining Corp. (CSE: BNKR, OTCQB: BHLL) has announced significant progress in its mine restart project, reporting results from its Phase 1 Prefeasibility Study (PFS). The study forecasts a low capital expenditure of $55 million, generating over $25 million in annual free cash flow and EBITDA exceeding $40 million. Key developments include securing a ball mill to increase production capacity to 2,100 tpd and selecting Strike Group as the procurement contractor. Demolition activities at the Pend Oreille site are progressing on schedule, with completion expected in November 2022.
On October 5, 2022, Bunker Hill Mining Corp. (CSE: BNKR, OTCQB: BHLL) shared significant updates regarding its restart project. The Phase 1 Prefeasibility Study (PFS) indicates a low capital expenditure of $55 million, expected annual free cash flow over $25 million, and EBITDA exceeding $40 million. The addition of a ball mill is projected to enhance production to 2,100 tons per day. Progress includes securing a construction contractor, advancing underground operations, and ongoing demolition at the Pend Oreille site, slated for completion in November.
Bunker Hill Mining Corp. announced the acquisition of a ball mill aimed at boosting production throughput at the Bunker Hill Mine. This mill is designed for a capacity of 1,800 tons per day (tpd), with potential expansion up to 2,100 tpd. The total purchase price is $675,000, with a $100,000 non-refundable down payment made. Delivery is scheduled for Q1 2023, aligning with ongoing mill construction. CEO Sam Ash expressed optimism regarding the long-term operational potential and value creation from this addition, which is crucial for the company's growth strategy.
Bunker Hill Mining Corp. has announced the results of its Prefeasibility Study (PFS) for a planned restart of the Bunker Hill Mine in Idaho’s Silver Valley, aiming for commercial production by the end of 2023. The initial capital expenditure is projected at $55 million, with anticipated average annual free cash flow exceeding $25 million and EBITDA surpassing $40 million. The mine's five-year plan expects production of 475 million pounds of zinc equivalent. The event will be discussed in a live investor session on September 8, 2022.
Bunker Hill Mining Corp. (CSE: BNKR, OTCQB: BHLL) has successfully completed the demobilization of its Pend Oreille Mill, achieving the task ahead of schedule and within budget. The company is currently advancing its underground activities, with a significant focus on optimizing ventilation plans for the connection to the 6 Level. Key equipment, including a haul truck and a jumbo drill, has been mobilized to the site. The Prefeasibility Study results are expected to be published soon, detailing the requirements for the operational restart of the Bunker Hill Mine.