Bear Creek Mining Corporation
Bear Creek Mining's Corani and Santa Ana Projects (subject to disclosure from June 25th 2011 press release) contain more than 500 million ounces of silver of which over 330 million ounces are in reserves providing near-term production potential and excellent leverage to silver prices. The feasibility study for the flagship Corani Project estimates average annual production of over 13 million ounces of silver (plus lead and zinc credits) for the first five years of a 20-year mine life, with extremely low cash costs and fast payback of capital costs. Corani represents approximately 89% of the Company's value on a reserve basis considering the recovered base metals credits and 80% of the value on a pure silver basis. Corani is proceeding towards permitting and construction.
The 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 (subject to disclosure from June 25th 2011 press release). Efforts are underway in order to recover the Company's rights and advance Santa Ana towards production.
Bear Creek Mining maintains aggressive exploration programs to expand resources at its two future mines and make new precious metals discoveries. The Company is led by a management team with an exceptional track record of mineral discovery and mine development in Peru.
Share Structure as of November 8, 2010
Issued & Outstanding: 90,400,139 share
Employee stock options: 3,794,500
Exercise prices from Cdn.$1.24 - Cdn.$8.08
Fully Diluted: 94,164,639 shares
Management Mr. Elsiario Antunez de Mayolo - Vice President of Operations
Mr. Antunez de Mayolo was previously the Director of Operations for Southern Copper Corporation's ("SCC") Cuajone mine and concentrator complex, one of the largest mines in Peru. Prior to 2000, Mr. Antunez de Mayolo was Cuajone Mine Manager, Manager of Technical Services and Superintendent of Geology for SCC. Mr. Antunez de Mayolo has close to 30 years experience in the Peruvian mining industry in all areas of mine development including community relations, environmental permitting, mine planning, concentrator optimization, hydrogeology/water resources, reserve expansion, and exploration.
Christian Rios, Exploration Manager
Christian Rios brings 8 years of experience in integrated mineral exploration for gold, silver, and copper within different deposit types. His experience includes work in Yanacocha (largest gold mine in Latin America), and he has been working for 5 years with Bear Creek Mining throughout Peru. Christian received his Bachelor degree in Geological Engineering from San Marcos University in Lima and his Masters Degree in the Lowell Program in Economic Geology at the University of Arizona. Mr. Rios completed the initial geologic evaluations and drilling recommendations at the Company's newest silver discovery, Santa Ana.
Mr. Tony Balestrini - Manager of Corporate Affairs
Mr. Balestrini, has extensive experience in the field of Corporate Public Affairs, including corporate communications, community relations and sustainable development to international standards. He worked for Barrick for 11 years and was a key executive in the construction and successful launching of both the Pierina and Alto Chicama-Lagunas Norte gold mines, he also supported operations in Bolivia, Chile and Argentina. He then became the Latin America Corporate Public Affairs Director for Tyco Fire and Security, Division of Tyco Int. He has helped advance the Toromocho mining project for China Aluminum Corporation. Mr. Balestrini holds a Physical Science degree from the US naval Academy, Annapolis Maryland, a Electronics Specialty form the Royal Spanish Navy, various management courses and has attended the Center of Corporate Public Affairs in Melbourne Australia.