Bear Creek's Peru-based management team is a blend of U.S. and Peruvian expertise with over 18 years of exploration and development experience in the country. By focusing on Peru, Bear Creek has developed valuable relationships with local gold and silver companies and property holders, and the company's field programs are provided the full support of management including valuable technical oversight.
Bear Creek's experience in Peru provides a unique, in-depth knowledge of legal aspects of the Peru mining business as well as the business contacts necessary to explore and negotiate effectively. The team also offers broad experience with the complex social and environmental issues involved in exploration and project development in Peru.
Bear Creek Mining was formed in 2000 as an exploration and development company focused on Peru, a mineral-rich nation with a favorable investment climate. The Company's Corani and Santa Ana Projects collectively host reserves and resources containing more than 450 million ounces of silver, plus by-product base metals, and provide near-term production potential and excellent leverage to silver prices.
The recently released 2015 Final Feasibility Study for the flagship Corani Project estimates average annual production of over 8 million ounces of silver (plus lead and zinc credits) over an 18-year mine life, with low All-In Sustaining Costs and fast payback of capital costs. The 2011 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.