Bear Creek Mining

Bear Creek Mining Announces Q1 2024 Mercedes Production Of 12,228 Ounces Of Gold
April 17, 2024

Average Q1 2024 gold grades 33% higher than 2023 full year average and
development advances continue at improved pace

April 17, 2024, Vancouver, British Columbia - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) (?Bear Creek? or the ?Company?) announces it produced 12,228 ounces of gold and 44,040 ounces of silver from the Mercedes Mine (?Mercedes?) during the three months ended March 31, 2024 (?Q1 2024?).

Eric Caba, President and CEO of Bear Creek, states, ?I am very pleased that the progress made at Mercedes in the fourth quarter of 2023 has continued into 2024.  Increasing the grade and reducing dilution has allowed us to reduce costs while maintaining the higher level of production. We are still working through a historical development deficit, but the efforts of the technical staff and management at Mercedes are bearing fruit.  While some challenges continue to lie ahead, we are confident that Mercedes can ultimately fulfill its intended role within the Company.?

https://bearcreekmining.com/news/2024/...on-of-12-228-ounces-of-gold/  

Bear Creek Mining Reports 2023 Year End Financial And Operating Results
April 30, 2024

April 30, 2024, Vancouver, B.C. ?  Bear Creek Mining Corporation (?Bear Creek? or the ?Company?) (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) reports its annual consolidated financial results for the year ended December 31, 2023.

This news release should be read in conjunction with the Company?s audited consolidated financial statements and management discussion and analysis (?MD&A?) for the three months and year ended December 31, 2023, which are available on SEDAR+ (www.sedarplus.ca) and the Company?s website (www.bearcreekmining.com). Monetary amounts in this news release are in United States dollars unless otherwise stated.

Highlights

2023 marked Bear Creek?s first full year of ownership in and operation of the Mercedes gold mine (?Mercedes?), located in Sonora, Mexico. Over the course of the year the Company identified and overcame significant challenges inhibiting the Mercedes? performance, and made substantial changes to major financial and production obligations and to its management and staff that the Company believes will result in an improved outlook for Mercedes? performance and the Company?s future. Key milestones include:

   Significantly enhancing the executive management team and senior Mercedes mine staff;
   Producing 43,860 oz Au and 167,019 oz Ag over the course of the year;
   Refreshing the Board of Directors (the ?Board?);
   Converting a $26.6 million current liability into a long term convertible debenture;
   Fulfilling the obligation on the approximately 300 ounce per month Nomad Gold Stream;
   Restructuring the remaining Mercedes metal streams, reducing gold deliverables by 325 ounces per month and silver deliverables to nil until April 2028 and increasing the cash payments for both;
   Amending the terms of the $22.5 million Sandstorm convertible debenture entered into on December 16, 2021, and extending its maturity date;
   Completing a private placement and a bought deal financing totaling CDN$17.7 million;
   Making substantial technical changes at Mercedes to improve operating performance;
   Enacting measures to overcome historical geotechnical challenges and development deficits at Mercedes; and
   Significantly improving Mercedes production in the fourth quarter of 2023 as a result of these foundational changes, with recent production records achieved in December 2023.

https://bearcreekmining.com/news/2024/...ncial-and-operating-results/