Bear Creek Mining Corp V.BCM

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

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.

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Bear Creek Mining Corp

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Post by Pyratzon Jun 28, 2011 7:55pm

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Post# 18776586

Compensation

If shareholder;s are expecting compensation from Peru.....I feel sorry for them..
Peru is a 3rd world country....
The revoke of license is totally unjust and crazzy however, there is huge political instability in the country at the moment.
I know this not from watching CNN...i have family that lives within the country... HUmala being voted in is very upsetting for the establishment....never has a native" held such a high position in the country. I would expect continued instability which shall entail be reflected in the share price..1$ a share might be more reasonable of a price going forward because as it stands...the project is literally backlogged for years....if not indefinitely.

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