Bear Creek Mining is a leading Peru-focused silver exploration and development company. Our flagship Corani Project contains reserves of approximately 230 million ounces of silver, 2.8 billion pounds of lead and 1.8 billion pounds of zinc. It is one of the largest and longest-life undeveloped silver deposits in the world.
Over and above it's world-class size, Corani stands alone by virtue of its substantial base metal credits, location in a mining-friendly jurisdiction and overwhelming community support. The 2015 Corani Feasibility Study 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. Corani is highly leveraged to metal prices, with an increase of roughly $120 million in NPV and 2% in IRR for every $1 change in the silver price with proportional changes in lead and zinc prices.
Our board has a substantial breadth and depth of experience and a demonstrated ability to judiciously manage shareholders' investment and maximize outcomes while minimizing costs. The experience our management team has operating in Peru provides Bear Creek with a unique, in-depth knowledge of legal aspects of the Peru mining industry 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 has the financial strength to fund Corani through to a development decision, consideration of which is anticipated by yearend 2017 (contingent on financing, permitting and favourable market conditions).