Bear Creek Mining Corporation is pleased to announce that further to the Company’s news releases dated May 30, 2023, July 5, 2023, September 13, 2023 and September 21, 2023, the Company has issued a secured convertible promissory note in the amount of US$26,632,458 to defer a US$25 million current liability originally payable to a wholly-owned subsidiary of Equinox Gold Corp.
Ernesto Balarezo, CEO of Sierra Metals, commented, “During the quarter we continued to make tremendous strides in optimizing our strong portfolio of assets. We have been able to maintain Bolivar at desired levels of output and we are happy to see that our efforts at Yauricocha are paying off. We are now well along the process of divesting our Cusi silver mine, obtaining the permit to mine below the 1120 level at Yauricocha and improving our balance sheet. We remain steadfast in our focus to safely grow our business and create long-term value.”
“Initial due diligence was completed to get a sense for the area, to quicky see those results yield high values for gold and silver showcases the true potential beyond Pilar.” stated Brodie Sutherland, CEO. “Not only are we seeing an extension of the Pilar mineralized system immediately to the north of the previous boundary, we are seeing significant gold values well beyond with excellent indications in the geochemistry that there is more to be discovered.”
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