Bear Creek Mining Corporation

Published : February 28th, 2011

AWARDS EPCM CONTRACT AND COMPLETES MILESTONE PUBLIC HEARING FOR PERMIT PROCESS

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Bear Creek Mining awards epcm contract and completes milestone public hearing for permit process

 

 

 

 

 

 

 

 

Bear Creek Mining (TSX Venture: BCM / BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce the awarding of the Engineering, Procurement and Construction Management ("EPCM") contract for the Santa Ana project to GMI S.A ("GMI"). The work, to commence immediately, will proceed on a fast-track basis for completion of detailed engineering and lead-time equipment procurement in order that construction of the project can start on schedule in the latter part of 2011. The engineering work will be carried out in Lima at the GMI offices.  Silver production is targeted for no later than the latter half of 2012. 

 

Additionally, on February 23, 2011, the company successfully completed the public audience portion of the Environmental and Social Impact Assessment ("ESIA") process. This is an important milestone in the permitting process and the Company anticipates approval of the ESIA on schedule in the middle part of this year.

 

According to Marc Leduc, President and COO, "We continue to aggressively advance the development of the Santa Ana heap leach project for start-up in 2012. The completion of the ESIA Public Audience and the awarding of the EPCM work to a highly-qualified Peruvian firm are important milestones along the path to production. Our experienced team will be continuing to work hard to ensure a timely approval of the ESIA by the Peruvian authorities who have demonstrated a great deal of support for this important new mine in Peru."

 

ABOUT GyM AND ITS ENGINEERING SUBSIDIARY GMI

 

Graña y Montero ("GyM") and GMI, respectively, are the largest construction and engineering companies in Peru, both part of the Graña y Montero Group, a publically traded company. GyM has recently been involved in the construction of Cerro Verde's Sulfide, Gold Field's' Cerro Corona, San Cristobal (Bolivia), Barrick's Pueblo Viejo (Dominican Republic), Votorantin's Cajamarquilla's expansion, Vale's Boyovar Phosphates, Yanacocha's Gold Mill, Antamina's expansion as well as Xstrata's Antapacay and Las Bambas projects. GMI's clients include Antamina, Cerro Verde, Barrick, Yanacocha, Votorantin, Cormin (Trafigura) and Pan American Silver. Sales for GyM and GMI for 2010 were US$640 and US$32 million respectively.

 

About Bear Creek: 

 

Bear Creek is focused in Peru, a mineral-rich nation with a favorable investment climate. The Company has recently completed a Pre-Feasibility Study on its Corani Project and a Feasibility Study on its Santa Ana Project, which together estimate measured and indicated resources in excess of 500 million ounces of silver of which over 320 million ounces are in proven and probable reserves providing near-term production potential and excellent leverage to silver prices. The Feasibility Study for Santa Ana defines a low-cost "pure silver" mine producing 5 million ounces annually in the first six years of an estimated 11-year mine life. The Pre-Feasibility Study for the flagship Corani Project estimates average annual production of 10 million ounces for the first six years of an estimated 27-year mine life, with low cash costs and fast payback of capital costs. Santa Ana is proceeding towards permitting and construction while Corani is undergoing a Feasibility Study.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

 

 

 

 

 

 

 

 

 

 

 

 

Data and Statistics for these countries : Bolivia | Dominican Republic | Peru | All
Gold and Silver Prices for these countries : Bolivia | Dominican Republic | Peru | All

Bear Creek Mining Corporation

DEVELOPMENT STAGE
CODE : BCM.V
ISIN : CA07380N1042
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Bear Creek Mining is a gold and silver producing company based in Canada.

Bear Creek Mining develops gold, silver, lead and zinc in Peru, and holds various exploration projects in Peru.

Its main assets in development are SANTA ANA PERU and CORANI in Peru and its main exploration properties are LA YEGUA, DON MARCELO PERU, ATASPACA and TASSA in Peru.

Bear Creek Mining is listed in Canada and in United States of America. Its market capitalisation is CA$ 35.6 millions as of today (US$ 26.1 millions, € 23.5 millions).

Its stock quote reached its highest recent level on October 06, 2006 at CA$ 9.99, and its lowest recent point on November 24, 2023 at CA$ 0.16.

Bear Creek Mining has 103 090 000 shares outstanding.

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Annual reports of Bear Creek Mining Corporation
Annual Report 2006
Annual Report 2005
2004 Annual Report
Option Grants of Bear Creek Mining Corporation
3/24/2011 Grants 893,000 Stock Options at $10,77
Nominations of Bear Creek Mining Corporation
8/6/2013Announces Promotion of Peruvian GM Elsiario Antunez De Mayol...
3/16/2012Announces Appointment of New CFO
Financials of Bear Creek Mining Corporation
4/22/2016Board Approves Adoption of Shareholder Rights Plan
Project news of Bear Creek Mining Corporation
8/15/2014Peru hopes to revive Bear Creek mine, avoid legal battle
1/13/2014Announces Start Of Phase I Drilling At Its Carito Gold Proje...
4/15/2013(Corani)Announces Positive Corani Public Hearing and Life of Mine Co...
12/11/2012(Corani)submits Corani ESIA; silver project on track for approval
8/16/2012(Corani)Provides Corani Project and Exploration Update, Peru
10/13/2011(Tassa)Provides Corporate Update; Corani Feasibility Study on Sched...
10/13/2011(Corani)Provides Corporate Update; Corani Feasibility Study on Sched...
7/13/2011(Santa Ana Peru)Announces the Filing of Legal Actions to Protect its Santa A...
6/1/2011(Santa Ana Peru)Reports Peruvian Government Resolution Which Potentially Fur...
2/28/2011(Santa Ana Peru)AWARDS EPCM CONTRACT AND COMPLETES MILESTONE PUBLIC HEARING ...
1/24/2008 Announces First Santa Ana Leachable Silver Deposit Resource...
1/17/2008(Corani)Announces Positive Scoping Study And Updated Resource Estima...
1/15/2008(Corani) Completes Earn-In On Corani Silver Deposit; Final Payment T...
Corporate news of Bear Creek Mining Corporation
7/26/2016Bear Creek Mining Announces Closing of $30 Million Bought De...
7/6/2016Bear Creek Mining Corporation Annolunces Bought Deal Financi...
7/5/2016Bear Creek Mining Addresses Share Price Movement
6/20/2016Bear Creek Mining Grants Incentive Stock Options
4/22/2016Bear Creek Mining Board Approves Adoption of Shareholder Rig...
4/18/2016Bear Creek Mining Addresses Share Price Movement
1/27/2016Bear Creek Mining Provides An Update On Corporate Activities
7/20/2015Bear Creek Mining Files NI 43-101 Technical Report for Coran...
2/23/2015Bear Creek Grants Incentive Stock Options
2/23/2015Bear Creek grants incentive stock options
2/19/2015Bear Creek Provides Update on Feasibility Study, Corani, Per...
2/19/2015Bear Creek provides update on Feasibility Study, Corani, Per...
10/15/2014Bear Creek Provides Corporate Update
10/15/2014Bear Creek Provides Corporate Update
9/8/2014Bear Creek provides update on Corani, Peru optimization and ...
8/12/2014Bear Creek announces its intent to commence an arbitration a...
6/23/2014Bear Creek provides corporate update
5/14/2014Bear Creek says Peru court renews right to revive silver pro...
5/14/2014IIROC Trading Resumption - BCM
5/14/2014Bear Creek Mining Announces Conference Call Details
5/14/2014Bear Creek Announces Favorable Judicial Decision in the Sant...
5/12/2014IIROC Trading Halt - BCM
2/7/2014Files Notice Of Intent To Arbitrate With Peruvian Government...
9/25/2013(Corani)Announces Approval of Corani ESIA, Peru
8/28/2013(Corani)Announces Official Submission Of Responses To Comments; Cora...
6/17/2013Announces Appointments of Three New Officers
5/7/2013Announces Senior Management Change
4/2/2013Announces Adoption of Advance Notice Policy for Future Share...
3/18/2013Announces The Acquisition Of Two New Precious Metals Explora...
3/13/2013Announces Positive Drill Results on Its Sumi Gold Project, P...
2/6/2013Grants Incentive Stock Options
2/5/2013Announces Favorable Ruling In Santa Ana Civil Case, Peru
6/12/2012Grants Incentive Stock Options
4/20/2012Retains Renmark Financial Communications Inc.
1/24/2012Grants Incentive Stock Options
9/2/2011Grants Incentive Stock Options
6/30/2011Expresses Condolences Over the Loss of Karen Swarthout
6/26/2011Peruvian Unrest at Juliaca Airport Occurring 160KM from Proj...
5/24/2011Reports on Peruvian Government Study on Mining Permit Proces...
4/8/2011Provides Update On Its Exploration Programs Including Two Ne...
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