Bear Creek Mining Corp V.BCM

Alternate Symbol(s): V.BCM.WT | BCEKF

Metals & Mining Industrial Metals & Minerals

Bear Creek Mining Corporation is a Canada-based precious metals producer. The Company is engaged in the production and sale of gold and silver, as well as other related activities, including exploration and development of precious and base metal properties in Peru and Mexico. The 100% owned Mercedes Gold Mine is located in Sonora, Mexico, approximately 250 kilometers (km) northeast of Hermosillo, Mexico and 300 km south of Tucson, Arizona. The Mercedes property consists of 43 mineral concessions totaling 69,284 hectares. The 100% owned Corani silver-lead-zinc property is located in the district of Corani, province of Carabaya, in the department of Puno in southern Peru. The Corani deposit sits at an elevation of between 4,800 and 5,200 meters above sea level, on the eastern side of the Continental Divide in the Andes Mountains. The project consists of thirteen mineral concessions that form a contiguous block of ground covering approximately 5,500 hectares.

TSXV:BCM - Post by User

Bear Creek Mining Corp

Bullboard Posts

Comment by tigris72pooon May 13, 2014 1:29pm

204 Views

Post# 22556190

RE:RE:Trading

I heard that NR could come as eraly as this afternoon or could take a few days. Scotia said the company needs time to digest the information it received and that the news is likely positive.

My GUESS is that the company has received a proposal from the gov't of Peru to settle the Santa Ana dispute. They may need some time to analyze the proposal, run it by their financial advisors and get the Board to approve it, reject it or go back for more negotiations. This is only MY GUESS but I think it makes sense. If it was a takeover or a financing there would be no need to ask for a trading halt and then wait days before a NR.

Bullboard Posts

Victoria Gold stock falls 82% after Yukon landslide halts production