Bear Creek Mining Corp. is pleased to announce that the bought deal financing announced on September 28, 2023 has closed. The Offering was conducted by BMO Capital Markets . Pursuant to the Offering, the Company issued a total of 27,200,000 units at a price of C$0.35 per Unit for gross proceeds of C$9.5 million. Each Unit is comprised of one common share of the Company and one common share purchase warrant of the Company [...]
Bear Creek Mining Corp. announces today that it has entered into an agreement with BMO Capital Markets , under which BMO has agreed to buy on bought deal basis 27,200,000 Units , at a price of $0.35 per Unit for gross proceeds of $9.5 million . Each unit will be comprised of one common share of the Company and one common share purchase warrant of the Company . Each Warrant will be exercisable to acquire one common share [...]
Monthly Stream Obligations to Decline by 78% and Maturity Date of Debt Extended to September 2028 Bear Creek Mining Corp. is pleased to announce a restructuring of its current stream and debt obligations with Sandstorm Gold Ltd. and its subsidiaries , which will be effected by way of a restructuring agreement . The Restructuring Agreement will improve the Mercedes mine's ability to produce free cash flow in the near term [...]
Additional 300 ounces of gold per month now available to the Company Bear Creek Mining Corp. announces that it has made the final gold delivery pursuant to a gold pre-pay streaming agreement with Nomad Royalty Co. Ltd. , which the Company assumed upon its acquisition of the Mercedes gold mine in Mexico in April 2022. The Nomad Gold Stream has now been fully completed and no further quarterly gold payments are due in [...]
Bear Creek Mining Corp. is pleased to announce the results of the Company's Special Meeting of shareholders that took place in Vancouver, BC on September 21, 2023. As more fully described in the Company's Information Circular dated August 9, 2023 , shareholders were asked to consider and, if thought fit, to pass an ordinary resolution to approve the: issuance of a five-year convertible promissory note to defer a US$25 [...]
Bear Creek Mining Corp. announces that it is providing an update regarding the convertible promissory note intended to be issued to defer a US$25 million current liability originally payable to a wholly-owned subsidiary of Equinox Gold Corp. and is issuing an amendment to its management information circular dated August 9, 2023 . For more information regarding the Note or the Deferred Payment, please see the Company's [...]
The Board of Directors of Bear Creek Mining Corp. announces that Mr. Anthony Hawkshaw, Vice Chair of Bear Creek and former Chief Executive Officer, has taken a medical leave of absence from the Board while he continues his battle against a significant health threat. Commencing immediately and for the duration of this temporary medical leave, Mr. Hawkshaw will cease his duties as a director of the Company and will not [...]
Bear Creek Mining Corp. announces that Mr. Erfan Kazemi is retiring from the Company's board of directors effective today in order to concentrate on his other business obligations including his new role as President and CEO of Horizon Copper Corp. and his ongoing role as Chief Financial Officer of Sandstorm Gold Ltd. Mr. Kazemi was first elected to the Company's Board in June 2018 and throughout his tenure has chaired the [...]
Bear Creek Mining Corp. is very pleased to provide results from underground definition and delineation drilling at its Mercedes gold mine in Sonora, Mexico. The Company has focused drilling on the Marianas, Rey de Oro, Diluvio and Lupita deposits, all of which are associated with near-term production; however, the results also hold significant implications for exploration upside. Highlights* include: Table 1: Highlighted [...]
Bear Creek Mining Corp. reports its interim consolidated financial results for the three and six months ended June 30, 2023 . Monetary amounts in this news release are in United States dollars unless otherwise stated. This news release should be read in conjunction with the Company's interim consolidated financial statements and management discussion and analysis for the three and six months ended June 30, 2023, which are [...]
Bear Creek Mining Corp. is pleased to announce the closing of its previously announced non-brokered private placement financing to raise an aggregate of approximately C$8.2 million . A total of 16,725,000 common shares were sold at a price of C$0.49 per Share. The Company plans to use the net proceeds of the Offering for exploration and production improvements at the Mercedes gold mine located in Sonora, Mexico and for [...]
Bear Creek Mining Corp. announces it produced 9,199 ounces of gold and 39,841 ounces of silver from the Mercedes Mine during the three months ended June 30, 2023 . Eric Caba, President and CEO of Bear Creek, states, "As previously reported, delays in development work experienced during the first quarter of 2023 impacted Mercedes' operations during Q2 2023. This primarily manifested itself in lower grades available to [...]
