Bear Creek Mining Corp (QX) (BCEKF) Quote

BCEKF/BCM.V THIS HOT LITTE GOLD AND SILVER PRODUCER IS READY TO BLOW UP

Time for me to start loading up here

RE: Restructured debt ... improving grades ... improving production ... and you also get the 2nd largest known undeveloped Silver deposit on the planet essentially for free.

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+15.58% on the TSXV ..... +10.22% on the OTC ..... today

RE: Restructured debt ... improving grades ... improving production ... and you also get the 2nd largest known undeveloped Silver deposit on the planet essentially for free.

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TSXV Shares strongly outperforming the OTC shares so far today

Restructured debt ... improving grades ... improving production ... and you also get the 2nd largest known undeveloped Silver deposit on the planet essentially for free.

BCEKF/BCM.V...GAPPING ON GOLD GAPPING AND GOLD READY FOR 2400 OZ

BCEKF/BCM.V WATCH THIS LITTLE NUGGET OF GOLD FLY NEXT WEEK...NOT TOO OFTEN YOU HAVE A GOLD PRODUCING MINE AT THIS PRICE.... Gold Production of 13,478 Ounces; a 47% Increase over Previous Quarter...LOVE WHEN A WOMAN IS IN CHARGE!!!!

I’m still surprised no one has picked on this stock yet, I can see a 30 percent up day coming

Ok if there for free why not

Ok if there for free why not

If your gonna give me shares this cheep I’ll buy more

I’ll pick on this stock today and buy a little more

Bought more today

Silverondamoov!BCEKF caca.







Yup!


Management sukz da wazzoo.

BCEKF = Clown Management.





Big fat bulbous red noses.


White pancake makeup.


Oversized, size 17 white shoes.


Neon-red hair, sticking perpendicular to their head.



Honk, honk!!!!

Canaccord precious metals analyst Kevin MacKenzie upgraded their 12-month price target on Bear Creek Mining (TSXV: BCM) to $4.50 from $2.85, reiterating their speculative buy on the stock. This comes after a management update that clarifies the timeline for their U.S. $600 million project financing.

Bear Creek Mining’s star asset is a 100% owned Corani Silver project located in Peru. The company recently issued an updated feasibility study, which shows the average silver production being 9.6 million ounces over 15 years and an all-in sustaining cost of US$4.55/ounce of silver. In the management update, Bear Creek touches on a few things, including project financing, development timeline, and early works program.

Bear Creek said that the financing discussions are in advanced talks with multiple debt providers and expect to close a financing package in the fourth quarter of 2020. The capital expenditure is estimated to be at US$600 million. Of that, US$400 million is single-digit rate debt, and the rest consists of an off take agreement plus some equity financing.

Canaccord analyst Kevin MacKenzie notes that the construction will not start until early 2021, even if/when the financing closes in the fourth quarter of 2020. Still, Bear Creek has made many hires to the construction team, and analysts expect the hires to be rounded out as the project gets closer to construction.

Canaccord also states that three potential short term catalysts will help this stock get or exceed their 12-month price target. The catalysts consist of a further extension of the silver bull market, closing the project financing in the fourth quarter of 2020, and then the start of the onsite construction in the first half of 2021.

Cantor Fitzgerald initiated Bear Creek Mining with a Buy rating and a US $4.33 12-month price target, saying that Bear Creek’s Corani Project is “one of the largest undeveloped silver projects in the Americas.” They also state that Bear Creek is well-positioned to get the financing they need for the project while still offering good value and “excellent leverage” to the rising silver price.

Cantor highlights a few different investment qualities of Bear Creek, such as the project being “shovel-ready” with all major environmental and construction permits in hand. Management consists of experienced mine builders with a proven track record, and all they need to get is the financing to start. As per Cantor, it offers excellent leverage to the rising silver price. Cantors analyst Matthew O’Keefe says that with every 10% move in silver, the net asset value per share goes up by 13.5%.

Bear Creek Mining Corporation (BCM.V)
TSXV - TSXV

https://finance.yahoo.com/quote/bcm.v?ltr=1

Vancouver, British Columbia--(Newsfile Corp. - March 6, 2019) - Bear Creek Mining Corporation (TSXV: BCM) (BVL: BCM) ("Bear Creek" or the "Company") announces that its Board of Directors (the "Board") has appointed Mr. Alfredo Bullard as a Director of the Company effective immediately. Alfredo Bullard, Partner in the Lima, Peru law firm Bullard Falla Ezcurra +, is an accomplished lawyer, author and professor. Mr. Bullard's legal expertise focuses on law and economics, including competition, ...
Newsfile•3 months ago
Bear Creek Grants Incentive Stock Options

Vancouver, British Columbia--(Newsfile Corp. - February 1, 2019) - Bear Creek Mining Corporation (TSXV: BCM) (BVL: BCM) ("Bear Creek" or the "Company") announces that its Board of Directors has authorized and approved the grant of a cumulative total of 1,805,000 incentive stock options (the "Stock Options") under its incentive stock option plan (the "Stock Option Plan") to certain directors, officers and employees of Bear Creek, including an employee performing investor relations activities. The Stock ...
ACCESSWIRE•3 months ago
Today's Research Reports on Gabriel Resources, Dynacor Gold Mines, Bear Creek Mining and Forsys Metals

NEW YORK, NY / ACCESSWIRE / January 25, 2019 / The Market Wealth Report strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
ACCESSWIRE•5 months ago

Miners Beware, Gold Reserves Are Still Not Being Replaced - Bear Creek

03.03.2017

Despite the run-up in the metals prices and mining company stocks, Bear Creek chair and longtime miner Catherine McLeod-Seltzer says there’s still work to be done. ‘Many companies disappointed because they

BCEKF bullish 2.10



normal chart


log chart

BCEKF bullish 2.4322

macd crossing up
stochastics swinging upwards
bouncing up off moving average support
uptrending higher highs higher lows overall

I'd love to know what is taking this down below 52-week lows..

Those lows were put in before the price of silver dropped over $1.. now we have $16 silver and are even lower.

What is going on with this one? I imagine the cash position makes the stock worth nearly the current share price alone.

BCEKF

Inverted head and shoulders nearly done forming on the chart here.

BCEKF

Nice move today!

The only "foreign issue" tickers that I hold are Canadian MMJ companies.

Thanks again, John.

I like this company but the volume is paltry.. care to share your thoughts on this fact?

BCEKF

5 Of Our Favorite Gold And Silver Stocks For 2015

Dec. 30, 2014 8:55 AM ET - Seeking Alpha

Randgold meets the "best in class" standards with low costs, a clean balance sheet, and future gold growth which makes it one of our top picks.

Tahoe Resources is one of the few silver producers producing silver at a profit at sub-$20 silver and is clearly an industry leader in terms of profit margins.

Timmins Gold has a relatively clean balance sheet and has the possibility to re-rate much higher as investors digest their Caballo Blanco acquisition.

Exeter Resources owns one of the largest gold deposits in the world and offers acquirers a cheap target in an already popular mining district.

Bear Creek Mining is another "best in class" developer that owns one of the largest silver deposits in the world that is practical at today's silver price.

We released an earlier article (before the 2014 calendar year began) in which we picked our top four gold stocks for FY2014.

Our comparison index, the Market Vectors Gold Miners ETF (NYSEARCA:GDX), so far as brought investors a -15.7% return - another disappointing year for gold stocks. Three of our picks have pretty much tracked the GDX, with Pretium Resources (NYSE:PVG) earnings a positive 0.19% return (yes we know, BARELY positive). Richmont Mines (NYSEMKT:RIC) has significantly outperformed and its 201% return brought the average return of all four of our picks to 44% YTD (as of 12/29/14). That's often what you can expect in the mining sector as a portfolio's performance can be significantly impacted by the performance of a few of the positions.

With that we'll do the same thing for 2015 and offer investors our top 5 picks for 2015. We want to make sure we emphasize that with any "annual picks", and even more so mining, investors NEEDS to track the companies as news or events can significantly change the picture - these are not picks to be held through thick and thin. Based on the current environment, we feel that these picks would offer investors the best risk-reward, but that could change if the specific company situation changes - nothing is in stone here.

We'll try to mention, in an abbreviated fashion, what we like about the company and also the biggest risk for the company moving forward into 2015.

Pick #5 - Bear Creek Mining

We end with another speculative pick in Bear Creek Mining (OTCPK:BCEKF), but the difference is that unlike Exeter Resources, Bear Creek can actually develop its deposit independently given better market conditions. Bear Creek is another company that we've covered in quite bit of detail, but in summary it has one of the largest silver deposits in the world in Corani - and possibly the largest one not already owned by a major mining company (with the other large deposits requiring much greater initial capital costs than Corani). This makes Bear Creek a best-in-breed in terms of large, acquisition ready silver deposits.

Finally, Bear Creek also owns another Peruvian deposit named Santa Ana that offers extremely low cost silver paired with low initial capital costs - a perfect combination to generate cash flows to begin construction on the larger Corani mine. The problem with Santa Ana is that a few years ago the government revoked the company's permit, which ordinarily would cause us to completely discount and ignore the deposit. But recently a ruling by a Peruvian court returned the mineral concessions and the rights to operate the Santa Ana mine to the company, though Bear Creek is still awaiting the Federal government in the case. In fact, the company has filed for arbitration with the Federal government despite the fact that they are positive that they will be able to work with the government to find a positive solution.

The ruling should be expected shortly, and we are very optimistic it will be a positive catalyst for the company as they will either receive the ability to start the project or compensation for it. We feel that none of these things are factored into the $100 million enterprise value that the company currently trades for.

The biggest risk for Bear Creek is that the relations with the Peruvian government deteriorate. We don't think this is likely, but it is nevertheless a risk as both of the company's mines are located in Peru.

For a number of reasons that we went into detail in the above-mentioned article, we think Bear Creek will receive a positive ruling on Santa Ana and that will help add value to the company's shares as its total silver reserves will be around 400 million ounces. That will be pretty tempting for a number of silver producers (including a company looking to diversify like Tahoe), and considering the company is currently valued at $100 million (with $40 million in cash) - that is extremely cheap and affordable. Thus Bear Creek has the potential to increase in value regardless of what happens to the silver price - and if the silver price increases it would simply be gravy for the company.

I wish you posted the article content along with the link. The article can only be viewed by SA Pro subscribers.

If you can see the article, can you please post it here, JohnCM? Thanks.

BCEKF

http://seekingalpha.com/article/2731095-our-favorite-gold-and-silver-potential-takeover-candidates-meet-this-peruvian-bear

Bear Creek up 14% today!GL John

Bear Creek Mining Corp. [$BCEKF] due diligence

bullish

$BCEKF

DD Notes ~ http://www.ddnotesmaker.com/BCEKF

##### recent news/filings ~ source: finance.yahoo.com

Thu, 12 Jun 2014 15:03:11 GMT ~ Bear Creek Mining: The Market's Undervaluation Of Santa Ana Provides Investors With A Nice Upside
read full: http://seekingalpha.com/article/2263453-bear-creek-mining-the-markets-undervaluation-of-santa-ana-provides-investors-with-a-nice-upside?source=yahoo
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Tue, 18 Mar 2014 11:59:27 GMT ~ Rick Rule: Which Companies Will Bring In The Green?
read full: http://seekingalpha.com/article/2094703-rick-rule-which-companies-will-bring-in-the-green?source=yahoo
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Sun, 09 Mar 2014 12:40:35 GMT ~ Silver Miners Analyst Watch: March Edition
read full: http://seekingalpha.com/article/2076633-silver-miners-analyst-watch-march-edition?source=yahoo
*********************************************************

Tue, 11 Feb 2014 17:19:00 GMT ~ Silver Miners Analyst Watch: February Edition
read full: http://seekingalpha.com/article/2011431-silver-miners-analyst-watch-february-edition?source=yahoo
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Thu, 06 Feb 2014 02:17:53 GMT ~ Outperforming Junior Gold Miners
[at Seeking Alpha] - Editors' Note: This article covers stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
read full: http://seekingalpha.com/article/1997701-outperforming-junior-gold-miners?source=yahoo
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##### chart ~ source: eoddata.com



##### company info ~ source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/BCEKF/company-info
Ticker: $BCEKF
OTC Market Place: OTC Pink Current
CIK code: not found
Company name: Bear Creek Mining Corp.
Company website: http://www.bearcreekmining.com
Incorporated In: Canada

##### extra dd links

Latest filings: http://www.otcmarkets.com/stock/BCEKF/filings
Latest financials: http://www.otcmarkets.com/stock/BCEKF/financials
Latest news: http://www.otcmarkets.com/stock/BCEKF/news - http://finance.yahoo.com/q/h?s=BCEKF+Headlines

Major holdings: http://data.cnbc.com/quotes/BCEKF/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=BCEKF+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/BCEKF.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=BCEKF

RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=BCEKF&search=search

DTCC: http://search2.dtcc.com/?q=Bear+Creek+Mining+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Bear+Creek+Mining+Corp.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Bear+Creek+Mining+Corp.&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.bearcreekmining.com
Alexa: http://www.alexa.com/siteinfo/http://www.bearcreekmining.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.bearcreekmining.com

Short Sales: http://www.otcmarkets.com/stock/BCEKF/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/BCEKF/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/BCEKF/research
Historical Prices: http://finance.yahoo.com/q/hp?s=BCEKF+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=BCEKF+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=BCEKF+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=BCEKF+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=BCEKF+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=BCEKF+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=BCEKF
Balance Sheet: http://finance.yahoo.com/q/bs?s=BCEKF
Cash Flow: http://finance.yahoo.com/q/cf?s=BCEKF+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/BCEKF
Bloomberg: http://www.bloomberg.com/quote/BCEKF:US
Morningstar: http://quotes.morningstar.com/stock/s?t=BCEKF
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=BCEKF
Barchart: http://www.barchart.com/quotes/stocks/BCEKF
OTC Short Report: http://otcshortreport.com/index.php?index=BCEKF
Investopedia: http://www.investopedia.com/markets/stocks/BCEKF/?wa=0

http://www.pennystocktweets.com/stocks/profile/BCEKF

##### last known share structure ~ source: otcmarkets.com

Market Value: $262,637,722 a/o Jul 03, 2014
Shares Outstanding: 91,162,000 a/o Jun 30, 2011
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value

##### business description ~ source: otcmarkets.com

Bear Creek Mining's Corani and Santa Ana Projects (subject to disclosure from June 25th 2011 press release) contain more than 500 million ounces of silver of which over 330 million ounces are in reserves providing near-term production potential and excellent leverage to silver prices. The feasibility study for the flagship Corani Project estimates average annual production of over 13 million ounces of silver (plus lead and zinc credits) for the first five years of a 20-year mine life, with extremely low cash costs and fast payback of capital costs. Corani represents approximately 89% of the Company's value on a reserve basis considering the recovered base metals credits and 80% of the value on a pure silver basis. Corani is proceeding towards permitting and construction.The feasibility study for Santa Ana defines a low-cost \"pure silver\" mine producing 5.0 million ounces annually in the first six years of an estimated 11-year mine life (subject to disclosure from June 25th 2011 press release). Efforts are underway in order to recover the Company's rights and advance Santa Ana towards production.Bear Creek Mining maintains aggressive exploration programs to expand resources at its two future mines and make new precious metals discoveries. The Company is led by a management team with an exceptional track record of mineral discovery and mine development in Peru.Less >>

DD Notes ~ http://www.ddnotesmaker.com/BCEKF
tnpcmod

New 52 week high!Great potential in Bear Creek.Strong Buy

Bear Creek stock price is moving up sharply.Last week they traded over a million shares in 1 day.
They continue to work with the government of Peru to improve relations.They have proven resources with the possibility of producing 15-20 million ounces of silver per year with credits toward lead and zinc.This company could be a major player in the next 2 years.Strong Buy!!!

$BCEKF - $BCM.V - Bullish On Bear Creek Mining

Nov 26 2013, 13:42 http://seekingalpha.com/article/1864311-bullish-on-bear-creek-mining?source=email_authors_alerts&ifp=0

Disclosure: I am long SLW. (More...)

The Nut Shell

Bear Creek Mining (OTCPK:BCEKF) is a junior exploration company controlling two primary silver deposits in Peru. Feasibility studies have been completed for both projects showing robust economics in both cases.

We strongly believe that important catalysts will occur for the Corani project in coming months and possibly also for the Santa Ana project which we believe will lead to a re-rating of the company's share price. We believe that the share price may well double within a year.

The company has outperformed the sector during the past year and we have every reason to believe that the company will continue to do so providing downside protection for an investment in Bear Creek Mining even in the event that our prediction regarding upcoming catalysts is incorrect.

The Company

Bear Creek Mining is listed on the Toronto and Lima Stock Exchanges where shares trade with ample liquidity. Shares of the company are also available via the pink sheets in the US, although with less liquidity. We therefore recommend using the Canadian exchange if possible when investing in Bear Creek Mining.

Market capitalization at the time of writing computes to $153M and the share price stands at $1.66, down from $11 in the heydays of early 2011. Having said this, the share price has held up well in comparison with peers (GDXJ) as shown in the chart below.

Being a junior explorer the company does not have cash flow to support its activities. It is therefore important to note that Bear Creek Mining has a balance sheet showing $52.4M in cash and no debt.

This large cash position puts the company in a very strong place to negotiate project financing in the near future.

BCM Chart

BCM data by YCharts

The Assets

Bear Creek Mining controls two primary silver projects in Southern Peru: the Corani project and the Santa Ana project. Feasibility Studies, or FS, for both projects have been completed showing very favourable economics for both projects. Both deposits are mineable by open pit methods. The Santa Ana project is envisaged as a heap leach operation and ore from the Corani project would be processed through a flotation plant.

Detailed information on the two properties is available from the company website here and here.

Both projects will be very profitable mines even in the presently volatile silver price environment. Corani sports negative cash costs for the first five years and around $4/oz thereafter thanks to by-product credits. Operations at Santa Ana should produce at cash costs below $10/oz after taking into account inflation since publication of the FS which is still rather low compared to peers.

The FS for both projects are two and three years old respectively. Several assumptions concerning prices and costs need to be reworked in order to be brought up-to-date. The attached table gives an overview of estimates of the projects' up-to-date NPV (5%) and IRR. We are listing these values for various silver price assumptions and for two different scenarios: for the Corani project only, and for both projects combined. The highlighted $21/oz scenario sports an estimated NPV estimate of $709.5M for the Corani project on its own, and $945.9M for both projects together at an IRR of 26.4%.

We assume 10% annual cost inflation from FS levels with regards to capital costs. For the Corani project this leads to an estimated initial capex of $695M; for the Santa Ana we estimate initial capex requirements of $94M.

Valuation

Taking into account market capitalization and cash on hand we estimate an enterprise value of just over $100 million; or just 11% of the asset value. This is an extremely low valuation by anyone's measure, even in the presently depressed junior gold space.

Upside

Both projects have significant upside due to their exploration potential. The reserve for the Corani deposit has not been updated for almost four years. We expect this reserve to increase substantially once the deposit gets drilled out completely. Considering the reported 88.7M ounces in measured and indicated resources plus 48M ounces of inferred resources expectations of a 500M ounces reserve are not too far-fetched.

To be clear: the Corani deposit is one of the largest and most attractive known undeveloped silver deposits.

There are also ample resources documented at the Santa Ana deposit in addition to the current reserve of 63M ounces. An eventual reserve increase to well beyond 100M ounces is definitely quite conceivable just based on these resources. Additionally, the Santa Ana deposit remains open, mainly at depth and to the north where the northernmost holes contain up to 22 meters @ 124 g/t silver from surface.

Furthermore, we view the high zinc content of the Corani project as another important factor bolstering the project's economics. Zinc supply is poised to decline in coming years which should lead to higher prices and therefore higher by-product credits at the Corani mine. There is also a possibility of treating heap leach tailings at Santa Ana at a later point in time in order to monetize the zinc and lead and remaining silver should market conditions improve.

Permitting

Approval of the Environmental and Social Impact Assessment, or ESIA, was received for the Corani project in September. This ESIA approval represents a major milestone and practically paves the way to initiating financing negotiations and move on to detailed engineering of the future Corani mine.

Work on the Santa Ana project has been suspended for a couple of years now. The project is located in close proximity to the Bolivian border which has been cited as the official reason for the suspension. Government reluctance to decide on a mining licence while anti-mining protests were ongoing in the Puno province at a time of presidential elections may well have been the real reason for the suspension.

Catalysts

At present we see two catalysts that both have the potential to move the share price of Bear Creek Mining substantially. Both catalysts are difficult to predict in terms of timing but should eventuate within the next 12 months.

Permission to develop the Santa Ana project may be re-instated.
A streaming deal may be announced.

Let us discuss these two potential catalysts in more detail.

Santa Ana Permitting

A so-called Supreme Decree issued in 2007 originally granted the company title over the mineral concessions covering the Santa Ana Project. This decree was reversed in June 2011 by President Alan Garcia. Shortly after reversing the decree President Garcia was succeeded by President Ollanta Humala.

Under the new president Peru has turned increasingly pro-mining and Bear Creek Mining might be one of the companies benefiting from this change in attitude. In fact, we believe that there is a high chance that the issues concerning the Santa Ana project will be resolved in the near future. Talks between the company and Mines Minister Jorge Merino are under way and the company certainly seems much more optimistic with regard to finding a favourable solution than before. Comments made by the Peruvian minister also give rise to speculations on a positive solution from the company's point of view.

Reinstating the Supreme Decree that had originally allowed Bear Creek to develop the Santa Ana project would have an instant positive effect on the share price. The Santa Ana mine could be developed quite rapidly and comparatively inexpensively providing early cash flow for the company.

Precious Metal Stream

We have reason to believe that a streaming arrangement with Silver Wheaton (SLW) could be worked out and announced in coming months. Silver Wheaton currently holds 14.4% of the company. There are personal ties between the two management teams and we gather that discussions between the companies regarding a streaming deal are ongoing and advancing. We therefore believe it is worthwhile speculating on such a development and how it could be structured.

Silver Wheaton is under scrutiny by investors due to uncertainties regarding the Pascua Lama stream and the related silver production from 2017. The company has recently expanded its stream from Hudbay's (HBM) Constancia mine and it has also shown some deviation from its usual practice by funding an exploration stage project in Guyana by Sandspring Resources (OTCPK:SSPXF). Adding another stream of the caliber of the Corani deposit in a relatively safe jurisdiction would certainly be judged as accretive by most investors.

Contacts between management teams go back many years and Silver Wheaton's CEO Randy Smallwood still maintains friendly connections with Andrew Swarthout, CEO of Bear Creek Mining. Nolan Watson was Silver Wheaton's CFO when this connection was established. He has since moved on to found Sandstorm Gold (SAND); however, Nolan Watson still serves on Bear Creek Mining's board of directors (and Andrew Swarthout serves on Sandstorm Gold's board).

In speculating about the nature of this possible streaming arrangement we would envisage a staged deal similar to the deal struck for Hudbay's Constancia mine. An initial payment would be followed by one or two staged payments upon completion of certain project spending milestones. A $300M stream would account for just over 40% of capex for the Corani project. Financing the remaining portion could be achieved by a mixture of debt and equity. On the topic of equity we would envisage the 14.4% of Bear Creek Mining stock which Silver Wheaton holds to be returned and retired as part of a streaming deal. This holding has a value of around $17M at the current share price and such a move could alleviate shareholder dilution, especially if the share price appreciates after the announcement of the streaming deal.

According to some rough calculations assuming a silver price of $20 we would expect a $300M streaming deal to be worth about 3M ounces annually, which equates to 22% of average annual production over the 20 year mine life. Such a stream would certainly reduce Bear Creek's margin; however, considering the exceedingly low cash costs of the Corani project this would be quite sustainable for the company.

Running some numbers we find that such a stream would be around NPV-neutral. In our model the reduction cash flow due to the stream is roughly balanced out by the reduction in initial capex requirements. This is only true when using the currently stated life of mine estimate. Any expansion due to exploration success would be a windfall for both parties alike.

A streaming arrangement along the described lines would be especially beneficial for Bear Creek Mining if the Santa Ana project could be brought online quickly and cash flow from the Santa Ana mine could be used to either compliment funding for the Corani project, or for a partial buy-back of the stream in a few years' time.

We strongly believe that an announcement of a streaming arrangement would be seen as positive by the market since it puts the company in a very strong position to arrange additional debt funding and limit the portion of equity funding to advance the Corani project.

The Wrap

We believe that Bear Creek Mining is in a very strong position in comparison to most peers in the junior mining sector due to its solid cash position. The company would be able to weather an ongoing downturn in the junior mining sector well beyond 2014 at the current burn rate. We therefore believe that an investment in the company has limited downside if our speculation on upcoming catalysts proves incorrect.

If the company receives permission to continue work on the Santa Ana project this mine could be brought into production relatively quickly, and with very limited funding required. The market would certainly view such a move very positively.

Completion of a streaming agreement with Silver Wheaton as outlined above would also be highly accretive and we would expect the share price to react positively.

If both catalysts eventuate then we would not be surprised to see the share price double from current levels in short order. Our bullish call is apparently shared by analysts who provide price targets ranging from $2.55 to $3.39, or 154% to 204% of the current share price. In an ideal world, the company would use a run in share price and raise the remaining funds to complete financing of the Corani project at minimum dilution for shareholders.

Credit Where Credit is Due

Material input for this article was kindly supplied by fellow author Hyperinflation for which we are immensely grateful.

Bear Creek has been a real heartbreaker for me. I haven't averaged it down either. At the moment, I am out of it completely.

$BCEKF - $BCM.V - Bear Creek Announces Approval of Corani ESIA, Peru

http://www.bearcreekmining.com/s/newsreleases.asp?ReportID=605107

Vancouver, B.C. - Bear Creek Mining (TSX Venture: BCM / BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce that the Peruvian Ministry of Energy and Mines ("MEM") has approved the Environmental and Social Impact Assessment ("ESIA") for the Corani silver- lead-zinc project located in southern Peru.

Corani represents a rare asset class containing 270 million ounces of silver and 4.8 billion pounds of combined lead and zinc which is forecasted to produce over 13 million ounces of silver/year at a negative cost of $0.45 per ounce of silver, net of by-product credits, for the first 5 years of a 22 year mine life. Subsequent steps in the advancement of the Corani project are intended to include detailed engineering followed by construction permits flowing from the ESIA.

Andrew Swarthout, Bear Creek's CEO, states that "We sincerely appreciate the strong support from the local communities and the various Peruvian Ministries, including MEM, during the approval process. We also express our gratitude to the Peruvian central government for establishing investments in infrastructure along side of our life-of-mine community investment commitments. Bear Creek is excited to move this important project forward towards development."

Mr. Swarthout continues "We are also encouraged by recent conversations with the Peruvian government towards the resolution of issues regarding the Santa Ana silver project, which remains under the conditions of the Supreme Decree issued in June 2011. The successful resolution of these issues and returning Bear Creek's right to operate Santa Ana is critical to the Company's ability to raise financing for the construction of Corani. Based upon the successful acquisition of the social license through long-term community investment agreements at Corani, we strongly believe that the model has been demonstrated that will establish social license at Santa Ana. We look forward to working with the government and local communities in reaching a resolution thereby avoiding ongoing and future litigation while provid

$BCEKF - $BCM.V - chart update

Rising very nicely... What a pity that this was one of the mines I never averaged down, even though it is a pearl with that big silver deposits...

We are slowly rising back to better levels.

$BCEKF - $BCM.V - Bear Creek Announces Promotion of Peruvian GM Elsiario Antunez De Mayolo to Chief Operating Officer

http://www.bearcreekmining.com/s/newsreleases.asp?ReportID=596179

Vancouver, B.C. - Bear Creek Mining (TSX Venture: BCM / BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce the promotion of Mr. Elsiario Antunez de Mayolo to Chief Operating Officer, effective immediately. Mr. Antunez de Mayolo will continue as General Manager of the Peruvian subsidiaries, a position he has held since joining the Company in March, 2010.

Andrew Swarthout, President and CEO, states "Elsiario leads our highly respected team in Peru and has created working relationships with the Peruvian government and regulatory authorities that are unparalleled in our sector. The accomplishments of his team over the past year with respect to obtaining the Corani social license have been widely acclaimed by the Peruvian government as a model for mining companies in Peru. His promotion to COO recognizes his value to Bear Creek as we proceed towards Corani ESIA approval and resolution of Santa Ana. I take this opportunity to express our deepest gratitude on behalf of the Board of Directors for the efforts and accomplishments of Elsiario and the entire Peruvian-based team."

In conjunction with the appointment, 250,000 stock options have been granted at a price of $1.85 per share, exercisable on or before August 2, 2018. These options are exercisable for a five-year period and the grant is subject to vesting provisions in accordance with the Company's Stock Option Plan.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

$BCEKF - $BCM.V - chart update

$BCEKF - $BCE.V - 4 Silver Juniors to Watch

http://silverinvestingnews.com/17416/4-silver-juniors-to-watch.html

At last week’s World Resource Investment Conference, hosted by Cambridge House International in Vancouver, Canada, Rick Rule, chairman of Sprott Global Resource Investments, hosted a seminar titled Exploration: The Next Frontier. As the name suggests, he and panelists Brent Cook, John Kaiser, Lawrence Roulston and Jordan Roy-Byrne spent part of the allotted time discussing which junior resource companies they believe investors should keep an eye on.

Below, in no particular order, are four of the silver juniors mentioned by the panelists.

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Reservoir Minerals (TSXV:RMC) is currently exploring in Cameroon and Gabon in Africa as well as at six sites in Serbia. While the majority of its properties center on gold, its Parlozi project, located in Serbia, contains high-grade silver mineralization that is associated with lead and zinc sulfides and is comparable to Trepca-type and Mexico-Peru cordilleran skarn/manto deposits, according to the company’s website. Its Bobija project, also in Serbia, may contain high-grade lead, zinc and silver mineralization as well.

Perhaps most significantly, Reservoir’s Timok gold-copper-molybdenum project in Eastern Serbia is a joint venture with Freeport-McMoRan Copper & Gold (NYSE:FCX), which is the project operator. Freeport has exercised its option to fund all exploration work at Timok until a bankable feasibility project is completed, according to Reservoir’s website. The company’s most recent news release states that it intersected 291.3 meters grading 7.17-percent copper equivalent at the project.

Based in Canada, Dolly Varden Silver (TSXV:DV) is focused on developing its Dolly Varden Silver Mines property, which is located in Northwest British Columbia and hosts four historical deposits. The company describes it as an advanced-stage property and notes on its website that a historic resource estimate completed in 1986 estimates that it holds 5.7 million proven and probable ounces of silver. It intends to confirm that estimate, reclassify it as current and “expand the resource to a target of 40 to 50 million ounces of silver.”

In April, Hecla Mining (NYSE:HL), a strategic investor in Dolly Varden, paid $2.7 million to maintain its 19.94-percent interest in the company. John King Burns, chairman of Dolly Varden, commented that Hecla’s continued investment “is a testament to … the prospects of [the] Dolly Varden property.” He also noted that the company’s plans for this spring and summer are to define a high-grade silver resource at the project’s four deposits and identify an “Eskay Creek-type VMS deposit” at the Red Point target, which is northwest of the existing mines.

Bear Creek Mining’s (TSXV:BCM) two main projects are Corani and Santa Ana, which are located in Peru and together contain over 500 million ounces of silver, 330 million of which are in reserves. Feasibility studies have been conducted for both projects; Corani’s shows that the deposit contains proven and probable mineral reserves of 270 million ounces of silver, 3.1 billion pounds of lead and 1.7 billion pounds of zinc, while Santa Ana’s shows that the deposit holds proven and probable mineral reserves of 63.2 million ounces of silver.

In June 2011, the Peruvian government reversed the decree that granted Bear Creek the mineral concessions that cover the Santa Ana project. While a judge dismissed that suit in February of this year, Peru’s Ministry of Energy and Mines has appealed that decision; the company hopes to reach a negotiated settlement regarding the project.

On a brighter note, Bear Creek reported in April the successful completion of a public hearing required for its Environmental and Social Impact Assessment (ESIA). That means that the surrounding community strongly supports the project and the company is on track to receive ESIA approval by the end of the year.

Also mentioned at the seminar was Riverside Resources (TSXV:RRI), a prospect generator with a number of gold, silver and copper projects. It is covered in 5 Gold Juniors to Watch, published last week on Gold Investing News.



Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

$BCEKF - Chart Update

Corporate Videos

http://www.bearcreekmining.com/s/videos.asp

$BCEKF - $BCM.V - Corporate Presentation

http://www.bearcreekmining.com/i/pdf/Presentation-March-2013.pdf

$BCEKF - $BCM.V - Bear Creek Announces Adoption of Advance Notice Policy for Future Shareholder Meetings

http://www.bearcreekmining.com/s/newsreleases.asp?ReportID=578733

$BCEKF - $BCM.V - Bear Creek Announces The Acquisition Of Two New Precious Metals Exploration Targets, Peru

http://www.bearcreekmining.com/s/newsreleases.asp?ReportID=576531

... "Vancouver, B.C. - Bear Creek Mining (TSX Venture: BCM/ BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce the acquisition of the Carito and Maria Jose gold targets http://www.bearcreekmining.com/s/caritogold.asp.

The Company also reports that it is on schedule for the Corani public audiences, expected to occur in April, which is considered to be the most important public hearings required for the approval of the Environmental and Social Impact Assessment ("ESIA") submitted in December 2012 (see news release dated 11 December, 2012).

Andrew Swarthout, Chief Executive Officer, states "We are excited to have made these new acquisitions which, in conjunction with the Sumi Phase I drilling results (see news release dated 13 March 2013), continue to advance our generative exploration efforts focusing on precious metals. These programs are very cost effective, high-reward activities that are well within the capacity of our treasury as we move Corani through the permitting process. The projects offer potential for high-grade, gold veins and near-surface, disseminated gold mineralization in areas with excellent infrastructure and good community relations. We anticipate drilling to commence on both projects in the second half of 2013, pending permit approvals."" ...

Well, the Bear has recovered his share price back to February in this general metals rush. Lets see where he goes from here.

The Bear is still trading sideways in range. I would hope it gets some fresh legs under it.

Yes, this was hurt for a very long time since that giant gap down back in July 2011.

Its about bleeping time.

Bear Creek coming off the bottom finally:

......