Project Status

Bear Creek Mining remains open to the prospect that an amicable resolution of issues surrounding the Santa Ana project can be achieved. While Bear Creek Mining is willing to re-engage in settlement negotiations with the Peruvian government, the Company is currently pursuing an international arbitration proceeding against the Republic of Peru under the Canada-Peru Free Trade Agreement ("TPA") before the International Centre for Settlement of Investment Disputes in Washington D.C. In the arbitration proceeding, Bear Creek seeks full reparation resulting from, among other things, the expropriation of the Santa Ana project and Peru's violations of the TPA and international law.

Santa Ana Historical Timeline

May 29, 2015  Bear Creek Mining Corporation submits it 'Claimant's Memorial on the Merits.'
January 27, 2015  Bear Creek Mining Corporation v. Republic of Peru (ICSID Case No. ARB/14.21)
Procedural Order No. 1
August 12, 2014 Bear Creek announces its intent to commence an arbitration against Peru - Santa Ana dispute
May 13, 2014 Bear Creek announces favourable judicial decision in the Santa Ana Amparo (Constitutional Injunction), Peru
February 7, 2014 Bear Creek files Notice of Intent to arbitrate with Peruvian Government in connection with the Santa Ana project, six month consultation period begins
February 5, 2013 Bear Creek announces favourable ruling in Santa Ana civil case
July 13, 2011 Bear Creek announces the filing of legal actions to protect its Santa Ana silver deposit in Peru
June 1, 2011  Bear Creek reports Peruvian government resolution which potentially further delays Santa Ana ESIA
May 24, 2011 Bear Creek reports on Peruvian Government study on mining permit process within two southern Puno provinces.
February 28, 2011 Bear Creek completes milestone public hearing for permit process.
January 19, 2011 Bear Creek announces the official filing of the project ESIA.
October 7, 2010 Bear Creek announces robust Santa Ana Feasibility Study; over 63M oz of silver converted to reserves